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About EQIFI
- EQIFI is a decentralized protocol for pooled lending, borrowing, and investing in ETH, ERC-20 tokens, wBTC, Stablecoins, and select fiat currencies.
- Provides a single uniform platform for DeFi products with EQIBank bank accounts, loans, custody, debit and credit cards, OTC, and wealth management.
- Allows borrowing against multi-type assets without selling.
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4 main products:
- Fixed Rate Products: pooled loans at a fixed interest rate that settle on a specified future date.
- Variable Rate Products: algorithmic borrow rates that respond to user activity and demand.
- Interest Rate Swaps: DeFi forward contract that exchanges one stream of
About EQIFI: Pioneering the Future of DeFi
EQIFI is a decentralized protocol that facilitates pooled lending, borrowing, and investing across a diverse range of assets, including ETH, ERC-20 tokens such as wBTC, Stablecoins, and select fiat currencies. This comprehensive platform seamlessly integrates a suite of DeFi products with EQIBank’s extensive offerings, encompassing bank accounts, loans, custody services, debit and credit cards, over-the-counter (OTC) trading, and wealth management solutions.
Through EQIFI, the comprehensive digital asset, blockchain, and cryptocurrency ecosystem, comprising traders, investors, developers, exchanges, and app users, can leverage multi-type assets as collateral without necessitating their sale.
In a seamless and efficient manner, apps can borrow assets for utilization within the Ethereum ecosystem, eliminating the need to wait for order closure or engage in off-chain activities. Meanwhile, speculators can employ a diverse range of trading strategies, including short selling, to capitalize on opportunities, while miners can leverage a broad spectrum of collateral to secure borrowings.
The Eqifi platform boasts four core products, with the first being Fixed Rate Products. These EQIFi Fixed Rate Products comprise pooled loans that offer a fixed interest rate, settling on a predetermined future date. Users provide collateral in the form of ETH, wBTC, stablecoins, and select fiat currencies (which are converted into stablecoins) into pools, each with a fixed rate attached. Notably, the interest rates are algorithmically determined through a smart contract.
2) Variable Rate Products: EQIFi’s innovative Variable Rate Products boast algorithmically-driven borrowing rates, rendering the marketplace more dynamic and responsive to fluctuations in network activity and demand. As borrowing demand surges, interest rates automatically adjust upward, incentivizing more lenders to participate.
3) Interest Rate Swaps: EQIFi’s Innovative DeFi Solution
EQIFi Interest Rate Swaps constitute a forward contract in the DeFi realm, wherein two parties agree to exchange one stream of future interest payments for another, based on a predetermined principal amount. Typically, these swaps involve the exchange of a fixed interest rate for a variable rate, or vice versa, thereby mitigating or increasing exposure to fluctuations in interest rates. By doing so, this product effectively minimizes the volatility associated with variable rate lending and certain money market products.
4) Yield Aggregator: EQIFi Yield Aggregator is a cutting-edge, automated platform that aggregates all prominent external yield farming products, thereby simplifying and automating the yield farming process. Designed to cater to both seasoned DeFi enthusiasts and newcomers to the sector, this innovative platform strives to emerge as the world’s premier self-investment platform. By dynamically allocating capital across diverse liquidity pools, it relentlessly pursues optimal profit and margin at all times.