Press release
Press release. British Virgin Islands – August 6, 2021 – EQIFI, a decentralized protocol for lending, borrowing and investing in Ethereum-based cryptocurrencies, stablecoins and select fiat currencies, today launched its DeFi platform, along with newly introduced fixed and variable-rate ledger products – Also included are advanced yield aggregators. interest rate swap.
Brad Yasser, CEO of EQIFI, said: “We are incredibly excited to bring our new line of DeFi products to our community and customers. By harnessing the power of DeFi technology, EQIFI is positioned to become an industry leader. Through blockchain technology, EQIFI democratizes financial products previously available only to a select few, and we believe EQIFI is best positioned to bring these products to customers who want to access digital assets in an accessible and regulated manner. Want to embrace the development of banking.
Outlined in full below, EQIFI’s new products simplify DeFi by integrating a range of sophisticated services into a single user-friendly platform. The products are designed to address the shortcomings of the traditional banking sector, such as high fees, outdated technology, obsolete pricing models and expensive cash handling.
- EQIFI Fixed-Rate Products Loans are deposited at a fixed interest rate which is fixed at a specified future date. Provides collateral in the form of a user ETH, wBTC, Stablecoins, or select fiat currencies in the pool (converted into stable coins), with fixed rates attached.
- EQIFI Variable Rate Products The Facilitation algorithm makes the market automatically responsive to changes across the network based on lending rates, user activity and demand, increasing the level of lending from the token pool.
- EQIFI Interest Rate Swap A DeFi forward is a contract in which one stream of future interest payments is exchanged for another based on a specified principal amount. Interest rate swaps typically involve exchanging a fixed interest rate for a variable rate, or vice versa.
- EQIFI Yield Aggregator An automated aggregator of all major outdoor produce agricultural products, which simplifies and automates produce farming. The platform automatically assigns capital among different liquidity pools, thereby achieving optimum profits and margins.
Governed by the holders of the platform’s native EQX token, EQIFI operates under a community-focused, decentralized ethos, allowing community members to make important decisions about the future of the project, such as:Listing and deleting assets and tokens, adjusting interest rates according to the market, modifying collateral limits, and holding any loans or deposits for a specified period of time.
Powered by EQIFI eQibank. Launched in 2015, EQIBank is one of the world’s leading digital banks and provides tax-neutral personal and corporate banking services in multiple currencies to customers in over 180 countries. EQIBank offers competitive rates, 24/7 service, reliable security and an innovative, simple online global banking experience across all devices. EQIBank provides EQIFI and all its eligible customers with Bank Accounts, Loans, Custody, Debit and Credit Cards, OTC, and Wealth Management.
Jason Blick, CEO of EQIBank and President of EQIFI, said: “EQIFI’s new range of products is an essential milestone on the path to decentralized finance adoption. We are proud of our role as a regulated bank in India.We support and believe in both EQIFI and this new range of products to bring DeFi enabled products and solutions accessible to a mainstream audience.
visit for more information www.eqifi.com.
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About EQIFI
EQIFI, the first DeFi project driven by a licensed and regulated digital bank, is setting new standards, establishing trustworthy transactions, and adopting real-world.
EQIFI’s infrastructure is optimized for real-time digital interactions. We are at the forefront of adopting today’s ever demanding culture which seeks to embrace the evolution of digital technologies.
for media inquiries
David Cullinan
chief sales officer
EQIFI
david@eqifi.com
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