EQIFI launches a suite of decentralized financial products powered by a licensed global bank

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Powered by EQIBank, the highly anticipated launch of EQIFI provides a single uniform platform for decentralized financial products.

British Virgin Islands, August 6, 2021EQIFI, a decentralized protocol for bulk lending, borrowing, and investing in Ethereum-based cryptocurrencies, stablecoins, and select fiat currencies, today launched its decentralized finance platform, including new products from fixed and floating rate lending, as well as an advanced yield aggregator and interest rate swaps.

Brad Yasar, 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 positioning itself to become a global industry leader. Using blockchain technology, EQIFI is democratizing financial products that were previously only available to a select few and we believe EQIFI is best positioned to bring these products to customers who want to embrace digital banking evolution. an accessible and regulated manner.

Described in detail below, EQIFI’s new products simplify DeFi by consolidating a range of sophisticated services into one user-friendly platform. The products are designed to address the shortcomings of traditional banking, such as high fees, outdated technology, outdated pricing models, and costly cash handling.

  • EQIFI fixed rate products are pooled loans at a fixed interest rate that settle on a specified future date. The user provides collateral in the form of Ether (ETH), Wrapped Bitcoin (wBTC), stablecoins, or certain fiat currencies (converted to stablecoins) in pools, with fixed rates attached.

  • EQIFI floating rate products feature algorithmic borrowing rates, making the market automatically responsive to changes on the network based on user activity and demand, increasing levels of borrowing from the token pool .

  • EQIFI interest rate swaps are a DeFi forward contract in which one stream of future interest payments is exchanged for another based on a specified principal amount. Interest rate swaps generally involve exchanging a fixed interest rate for a floating rate or vice versa.

  • The EQIFI Yield Aggregator is an automated aggregator of all major external yield farming products, making yield farming simple and automatic. The platform automatically allocates capital between different pools of liquidity, seeking the optimal profit and margin.

Governed by holders of the platform’s native EQX token, EQIFI operates under a decentralized, community-driven philosophy, allowing community members to make important decisions about the future of the project, such as registration and delisting of assets and tokens, adjusting interest rates according to the market, modifying collateral limits and suspending any loans or deposits for a period of time.

EQIFI is powered by EQI Bank. Launched in 2015, EQIBank is one of the world’s leading digital banks and offers tax-neutral personal and corporate banking services in multiple currencies to customers in over 180 countries. EQIBank offers competitive pricing, 24/7 service, reliable security and an easy and innovative global online banking experience on all devices. EQIBank provides bank accounts, loans, deposits, debit and credit cards, over-the-counter and wealth management to EQIFI and all of its qualified clients.

Jason Blick, CEO of EQIBank and Chairman of Eqif, said:

“EQIFI’s new product line is an essential step on the road to the adoption of decentralized finance. This is a product line like no other and EQIBank prides itself on its role as the regulated bank that powers EQIFI. We support and trust both EQIFI and this new product line to bring DeFi-enabled products and solutions to the masses in an accessible way.

For more information, visit EQIFI website.

About EQIFI

EQIFI, the first DeFi project powered by a licensed and regulated digital bank, is setting new standards, establishing trustless transactions and driving real-world adoption.

EQIFI’s infrastructure is optimized for real-time digital interactions. We are at the forefront of embracing today’s increasingly demanding culture that wants to embrace evolving digital technologies.

For media inquiries

David Cullinan

Marketing Director

EQIFI

[email protected]

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