press launch
PRESS RELEASE. British Virgin Islands — sixth August, 2021 — EQIFI, a decentralized protocol for pooled lending, borrowing and investing Ethereum-based cryptocurrencies, stablecoins, and choose fiat currencies, has at this time launched its DeFi platform, together with newly launched fixed- and variable-rate ledning merchandise, in addition to the superior yield aggregator and rate of interest swaps.
Brad Yasar, CEO of EQIFI, stated: “We’re extremely excited to carry our new vary of DeFi merchandise to our group and purchasers. By harnessing the facility of DeFi expertise, EQIFI is positioned to grow to be an trade world chief. By way of blockchain expertise, EQIFI democratizes monetary merchandise beforehand solely accessible to a choose few, and we’re assured that EQIFI is greatest positioned to carry these merchandise to purchasers who wish to embrace the evolution of digital banking, in an accessible and controlled method.”
Outlined in full under, EQIFI’s new merchandise simplify DeFi by consolidating a variety of subtle companies on a single user-friendly platform. The merchandise are designed to deal with the shortcomings of the normal banking sector, comparable to excessive charges, outdated expertise, out of date pricing fashions, and costly money dealing with.
- EQIFI Mounted-Charge Merchandise are pooled loans at a set rate of interest that decide on a specified future date. The person gives collateral within the type of ETH, wBTC, Stablecoins, or choose fiat currencies (transformed into stablecoins) in swimming pools, with mounted charges hooked up.
- EQIFI Variable-Charge Merchandise function algorithmic borrow charges, making {the marketplace} robotically attentive to adjustments throughout the community based mostly on person exercise and demand, rising ranges of borrowing from the token pool.
- EQIFI Curiosity Charge Swaps are a DeFi ahead contract during which one stream of future curiosity funds is exchanged for one more based mostly on a specified principal quantity. Rate of interest swaps normally contain the change of a set rate of interest for a variable fee, or vice versa.
- The EQIFI Yield Aggregator is an automatic aggregator of all main exterior yield farming merchandise, making yield farming easy and computerized. The platform robotically assigns capital between totally different liquidity swimming pools, looking for the optimum revenue and margin.
Ruled by holders of the platform’s native EQX token, EQIFI operates beneath a community-focused, decentralized ethos, permitting group members to make essential choices about the way forward for the mission, comparable to listing and delisting property and tokens, adjusting rates of interest in line with the market, modifying collateral limits, and pausing any loans or deposits for a sure time.
EQIFI is powered by EQIBank. Launched in 2015, EQIBank is without doubt one of the world’s main digital banks and gives tax-neutral private and company banking companies in a number of currencies to purchasers in over 180 international locations. EQIBank gives aggressive charges, 24/7 service, trusted safety, and an modern, easy on-line world banking expertise throughout all gadgets. EQIBank gives financial institution accounts, loans, custody, debit and bank cards, OTC, and wealth administration to EQIFI and all its certified purchasers.
Jason Blick, CEO of EQIBank and Chairman of EQIFI, stated: “EQIFI’s new vary of merchandise are a vital milestone on the highway to decentralised finance adoption. This can be a product vary like no different, and EQIBank is pleased with its position because the regulated financial institution powering EQIFI. We help and belief each EQIFI and this new vary of merchandise to carry DeFi enabled merchandise and options to mainstream audiences in an accessible method.”
For extra info, go to www.eqifi.com.
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About EQIFI
EQIFI, the primary DeFi mission powered by a licensed and controlled digital financial institution, is setting new requirements, establishing trustless transactions, and driving real-world adoption.
EQIFI’s infrastructure is optimized for real-time digital interactions. We’re on the forefront of embracing at this time’s ever-demanding tradition that needs to embrace the evolution of digital applied sciences.
For Media Enquiries
David Cullinan
Chief Advertising and marketing officer
EQIFI
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