Looking for more information on EQIFI? Below are frequently asked questions and answers.
The EQIFi is led by a team of US, UK and European fintech experts with over 150+ years combined experience, gained from some of the largest banks in the world and over 50+ successful blockchain and crypto projects. EQIFi management grew and exited groups financial services exceeding $1.3bn.
- Complex and inaccessible
- No interoperability with traditional banking or between blockchains
- Inexperienced teams
- Low liquidity
- Too many fees
- Old technology
- Inefficient monoliths
- Enormous overheads
- Obsolete pricing models
- Expensive cash handling
- Inadequate LTV
- Global markets under-serviced
- Fractured operating model
- Mis-sold products
EQIFi Variable Rate Products will feature algorithmic borrow rates, making the marketplace more vibrant and automatically responsive to changes across the network based on user activity and demand thus increasing levels of borrowing from the token pool. With more demand for borrowing, the interest rates will automatically rise, which will drive more lenders to participate.
EQIFi Yield Aggregator will be an automated aggregator of leading external yield farming products, making yield farming simple and automatic. It will be designed to be accessible to those familiar with DeFi and yield farming and also those entirely new to the sector. The platform will, once EQIFI is appropriately licensed, seek to be the world’s leading self-investment platform and will automatically assign capital between different liquidity pools, seeking the optimum profit and margin.
An interest rate swap is a forward contract in which one stream of future interest payments is exchanged for another based on a specified principal amount. Interest rate swaps usually involve the exchange of a fixed interest rate for a floating rate, or vice versa, to reduce or increase exposure to fluctuations in interest rates or to obtain a marginally lower interest rate than would have been possible without the SWAP. A swap can also involve the exchange of one type of floating rate for another, which is called a BASIC SWAP. The SWAP market is worth US$542 Trillion! It’s a problem worth solving! EQIFi Interest Rate Swaps will, once appropriately regulated, be a DeFi product that will minimize the volatility of variable rate lending and certain money market products. The current problems, that EQIFi is seeking to solve, include:
- Prone to human error and fraud
- Market risk
- Counterparty risk
Launched in 2015, EQIBank is a global, but personal, digital bank focused on emerging affluent, mass affluent, high net worth and corporate clients. We bank over 180 countries around the world. EQIBank is at the forefront of leveraging digital technology to shape the future of global banking. Customer obsessed, data driven and eager to work with innovators, EQIBank is powered by financial evolution and digital disruption. Our strategy is to accelerate simplification, using Open Banking Standards and Open APIs (application programming interface) to create a new global standard of banking.
EQX token holders benefit from better rates and returns than non EQX holders, with the beneﬁts increasing depending on the amount of EQX. Moreover, those who deposit EQX into the Interest Rate Swaps product receive a wealth of beneﬁts for their contributions to the ecosystem.