EQIFI Launches Suite of Decentralized Financial Products Powered by Licensed World Bank
Powered by EQIBank, the highly anticipated launch of EQIFI provides a single and uniform platform for DeFi products, including fixed and floating rate products, interest rate swaps and a yield aggregator.
ROAD TOWN, BRITISH VIRGIN ISLANDS / ACCESSWIRE / August 6, 2021 / EQIFI, a decentralized protocol for the lending, borrowing and joint investment of Ethereum-based cryptocurrencies, stablecoins and certain fiat currencies, today launched its DeFi platform, including new fixed and variable rate ledning products, as well as the advanced yield aggregator. and interest rate swaps.
Brad Yasar, CEO of EQIFI, said: “We are extremely pleased to bring our new DeFi product line to our community and to our customers. By harnessing the power of DeFi technology, EQIFI is positioned to become a global industry leader. Thanks to blockchain technology, EQIFI democratizes financial products previously reserved for the privileged few, and we are convinced that EQIFI is best placed to offer these products to customers who wish to adopt the evolution of digital banking, in an accessible and regulated manner. .
Described in full below, EQIFI’s new products simplify DeFi by consolidating a range of sophisticated services on one user-friendly platform. The products are designed to address the shortcomings of the traditional banking industry, such as high fees, outdated technology, outdated pricing models, and expensive cash handling.
- EQIFI fixed rate products are pooled loans at a fixed interest rate that settle on a specified future date. User provides collateral in the form of ETH, wBTC, Stablecoins or certain fiat currencies (converted to stablecoins) in pools, with fixed rates attached.
- EQIFI variable rate products feature algorithmic borrowing rates, making the market automatically responsive to changes on the network based on user activity and demand, thus increasing token pool borrowing levels .
- EQIFI Interest Rate Swaps are a DeFi futures contract in which a stream of future interest payments are swapped for another based on a specified principal amount. Interest rate swaps generally involve swapping a fixed interest rate for a variable rate, or vice versa.
- The EQIFI Yield Aggregator is an automated aggregator of all major external yield agricultural products, making yield farming simple and automatic. The platform automatically allocates capital between different liquidity pools, seeking the optimal profit and margin.
Governed by the holders of the platform’s native EQX token, EQIFI operates under a decentralized and community-driven ethos, allowing community members to make important decisions regarding the future of the project, such as registering and delisting assets and tokens, adjusting interest rates to market, changing collateral limits, and suspending loans or deposits for a period of time.
EQIFI is powered by EQIBank. Launched in 2015, EQIBank is one of the world’s leading digital banks, providing tax-neutral personal and business banking services in multiple currencies to customers in more than 180 countries. EQIBank offers competitive rates, 24/7 service, reliable security and a simple and innovative global online banking experience on all devices. EQIBank provides bank accounts, loans, safekeeping, debit and credit cards, over-the-counter and wealth management to EQIFI and all of its qualified clients.
Jason Blick, CEO of EQIBank and President of EQIFI, said: “EQIFI’s new product line is an essential step on the path to the adoption of decentralized finance. This is a range of products like no other, and EQIBank is proud of its role as a regulated bank that powers EQIFI. We support and trust both EQIFI and this new product line to bring DeFi compatible products and solutions to the general public in an accessible way.
For more information, visit www.eqifi.com.
EQIFI, the first DeFi project powered by a licensed and regulated digital bank, sets new standards, establishes trust-free transactions and drives real-world adoption.
EQIFI’s infrastructure is optimized for digital interactions in real time. We are at the forefront of embracing today’s increasingly demanding culture that wants to embrace the evolution of digital technologies.
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