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EQIFI Launches Suite of Decentralized Monetary Merchandise Powered by Licensed World Financial institution – Bitcoin Information Press Launch

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PRESS RELEASE. British Virgin Islands – August 6, 2021 EQIFI, a decentralized protocol for the pooled lending, borrowing and funding of Ethereum-based cryptocurrencies, stablecoins and sure fiat currencies, at the moment launched its DeFi platform, together with ledning merchandise newly launched fastened and variable fee, in addition to superior yield aggregator and rate of interest swaps.

Brad Yasar, CEO of EQIFI, stated: “We’re extraordinarily happy to carry our new DeFi product line to our neighborhood and to our prospects. By harnessing the ability of DeFi know-how, EQIFI is positioned to grow to be a worldwide business chief. Due to blockchain know-how, EQIFI democratizes monetary merchandise beforehand reserved for the privileged few, and we’re satisfied that EQIFI is finest positioned to supply these merchandise to prospects who want to undertake the evolution of digital banking, in an accessible and controlled method. .

Described in full under, EQIFI’s new merchandise simplify DeFi by consolidating a spread of refined companies on one user-friendly platform. The merchandise are designed to deal with the shortcomings of the standard banking business, resembling excessive charges, outdated know-how, outdated pricing fashions, and costly money dealing with.

  • EQIFI Mounted Charge Merchandise are pooled loans at a set rate of interest that choose a specified future date. The person supplies a assure within the type of ETH, wBTC, Stablecoins or sure fiat currencies (transformed to stablecoins) in swimming pools, with fastened charges connected.
  • EQIFI variable fee merchandise function algorithmic borrowing charges, making {the marketplace} mechanically attentive to modifications within the community based mostly on person exercise and demand, thereby rising borrowing ranges from the token pool.
  • EQIFI rate of interest swaps are a DeFi futures contract wherein a stream of future curiosity funds is exchanged for an additional based mostly on a specified principal quantity. Rate of interest swaps usually contain swapping 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 mechanically allocates capital between completely different liquidity swimming pools, searching for the optimum revenue and margin.

Ruled by the holders of the platform’s native EQX token, EQIFI operates underneath a decentralized and community-driven ethos, permitting neighborhood members to make necessary selections relating to the way forward for the undertaking, such because theitemizing and delisting of property and tokens, adjusting market rates of interest, altering collateral limits and suspending any mortgage or deposit for a time period.

EQIFI is powered by EQI Financial institution. Launched in 2015, EQIBank is likely one of the world’s main digital banks, offering tax-neutral private and enterprise banking companies in a number of currencies to prospects in additional than 180 nations. EQIBank affords aggressive pricing, 24/7 service, dependable safety, and a easy and modern international on-line banking expertise on all gadgets. EQIBank supplies financial institution accounts, loans, safekeeping, debit and bank cards, over-the-counter and wealth administration to EQIFI and all of its certified shoppers.

Jason Blick, CEO of EQIBank and President of EQIFI, stated: “EQIFI’s new product line is a vital step on the trail to the adoption of decentralized finance. This can be a vary of merchandise like no different, and EQIBank is happy with its function as a regulated financial institution that powers EQIFI. We help and belief each EQIFI and this new product line to carry DeFi appropriate merchandise and options to most of the people in an accessible approach. “

For extra info go to www.eqifi.com.

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About EQIFI

EQIFI, the primary DeFi undertaking powered by a licensed and controlled digital financial institution, units new requirements, establishes trust-free transactions, and drives real-world adoption.

EQIFI’s infrastructure is optimized for digital interactions in actual time. We’re on the forefront of embracing at the moment’s more and more demanding tradition that wishes to embrace the evolution of digital applied sciences.

For media inquiries

David Cullinan

Advertising Director

EQIFI

david@eqifi.com


This can be a press launch. Readers ought to train due diligence earlier than taking any motion relating to the promoted enterprise or any of its associates or companies. Bitcoin.com isn’t accountable, straight or not directly, for any harm or loss triggered or allegedly attributable to or in reference to using or reliance on any content material, good or service talked about within the press launch.

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