DeFi Explained: What is a Yield Aggregator?
Simply put, yield aggregators let users of DeFi platforms earn returns on their cryptocurrency holdings through [...]
By harnessing the power of DeFi technology, EQIFI is positioned to become an industry world leader. Through blockchain technology, EQIFI will democratize financial products previously only available to the privileged few.
EQIFI will be a decentralized protocol for pooled lending, borrowing, and investing for ETH, ERC-20 tokens including wBTC, Stablecoins, and select fiat currencies. It will provide a single uniform platform for DeFi products with EQIBank bank accounts, loans, custody, debit and credit cards, OTC, and wealth management.
Fixed term products
Variable rate lending products
Interest rate swaps 1
Provide a competitive high yield at scale with up to 20% APY2
ETH, ERC-20s including wBTC, Stablecoins, USD, GBP, and EUR accepted
World-class fiat on-ramps and off-ramps
First DeFi platform partnered with a licensed bank
Multi-currency bank accounts and credit cards
Insurance for under collateralized loans
Community votes on monetization strategy
Low fees and higher LTVs
1 Subject to availability
2 APY stands for the Annual Percentage Yield
3 Subject to availability
Money in the form of investments, derivatives and other financial instruments. exceeds $1.2 quadrillion with cryptocurrency making up just US1.7 trillion.
DeFi rose from less than $1Bn at the start of June 2020 to $13Bn at the end of the year and over $93 billion in March 2021.
Global lending market is expected to reach $9.77 trillion in 2025 at a CAGR of 6%.
The global interest rate swap market is worth over $542 trillion.
Some $17.4 billion in assets are currently locked in lending markets with MakerDAO being the largest at $6.54Bn total value locked (TVL).
Global bank assets grew to $134.1 trillion with a projected Compound Annual Growth Rate (CAGR) of 8%.
The Bank of England estimates that the global leveraged loan market is about $2.2 trillion. Yet the global peer-to-peer (P2P) lending market size is tiny, estimated at $67.93B and is expected to reach $558.91Bn by 2027, rising at a CAGR of 29.7% between 2020 and 2027.
Digital banking is expected to grow from $7Bn to $9 trillion by 2024.
Listing or delisting new tokens and asset types
Adjusting interest rates per the market
Adjusting collateral limits
Choosing a new administration
Any holder of 800,000 or more EQIFI Tokens may propose governance actions in executable code.
The community then has 72 hours to vote on the change.
If a majority vote is secured, the outcome is logged in Time Lock and will be executed after three days.
Token holders earn up to 25% APY and passive returns with EQX Tokens.
Token holders receive interest based on the length of time tokens are staked in liquidity pools.
Token holders may take part in voting for new features on the platform.
Token holders get better LTV based on the number of EQX they have.
The first 10,000 early adopters receive rewards for joining the platform.
Token holders who stake their tokens receive preferential bonuses in the form of rewards.
Token holders have priority access to bank accounts.
Token Holders have reduced fees on the platform.
Token holders enjoy higher limits on the defi products.
Token holders receive better rates on the platform.
EQIFI has taken a unique approach towards solving the global financial issue. As the first DeFi platform that is powered by a fully licensed bank, it merges the world of DeFi and CeFi, unlocking trillions of dollars worth of potential.
Merging traditional finance and decentralized finance is critical for mass adoption and we believe that Eqifi is well-positioned to become the industry leader for this.
The ever evolving defi space is about to be radically changed by Eqifi. Eqifi is powered by a fully regulated and licensed bank, fully enabling Defi and seamless cross-platform transactions for the mass market.
Eqifi is the first decentralized finance offering to minimize the inherent risks in the sector whilst still providing a substantial return for users.
The project’s infrastructure is optimized for real-time interactions, meaning EQIFI is pioneering the demand for dynamic digital technologies.