We will get in touch with the winner on the 1st of February.
DeZy will donate $500 to Limitless. This will go into financing 10 therapy / counselling sessions for youth dealing with mental health issues.
We top up a randomly selected winner's DeZy account with $100. Don't have an account? Register for one.
Mental Health Statistics in Singapore
More than half of the youth population, or 52%, reported that they struggled with mental health issues
1 out of 7 Singaporeans will experience a mental health disorder in their lifetime, and more than three-quarters did not seek any professional help.
Youths between 18 – 34 years old are identified as the most vulnerable group – one in five would have experienced a mental disorder in their lifetime.
As a result of Covid-19 pandemic, more than half of youth surveyed said their mental health has worsened. However, only 41 percent were comfortable discussing about their mental health.
The top stress mentioned by youths was:
anxiety over the future (53%)
stress over finances (41%)
and worries about academic or work performance (39%).
Singapore Covid-19 Mental Wellness Taskforce’s (CoMWT findings, August 2021)
In Focus: The challenges young people face in seeking mental health help (CNA, August 2020)
What is the Limitless?
Limitless is a non-profit organisation that was founded with the vision of building hope and worth, empowering the next generation to live purpose-driven lives and to fulfil their potential in life. They work with youths between 12 – 25, who struggle with mental health issues, providing subsidised or free therapy and casework services.
What is DeZy?
DeZy is a fintech bridging the gap between traditional finance and decentralised finance (a new system of finance made possible by blockchain, cryptocurrencies and stable coins). By cutting out the middlemen, we offer you frictionless, user-friendly access to higher returns.
DeZy is a tech stack that manages xSGD. We deploy xSGD to make a yield available to you.
Together we can work towards a more inclusive financial system. Interested in learning more about DeZy? Check out our FAQs.
Disclaimers: 1. Decentralised finance is an emerging field with fluid regulations and not without risk. 2. DeZy is not licensed by the Monetary Authority of Singapore. 3. Learn more about how we mitigate risk for consumer protection with insurance, diversification, and technical security measures.