Why Decentralization Will Unleash Finance’s Next Wave of Innovation
The magic of blockchain can be boiled down to a single word: Decentralization But what does it promise for finance, an [...]
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.
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.
EQIFi Fixed Rate Products will consist of pooled loans at a fixed interest rate that settle on a specified future date. The user will provide collateral in the form of ETH, wBTC, Stablecoins, and select fiat currencies (which are converted into stablecoins) into pools, which will have fixed rates attached to it. The interest rates will be algorithmically set through a smart-contract.
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.
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 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 variable rate, or vice versa, to reduce or increase exposure to fluctuations in interest rates. This product will minimize the volatility of variable rate lending and certain money market products. The current problems, that EQIFi is seeking to solve, include:
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.
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.