What is Eqifi (EQX) | What is Eqifi token

In this article, we’ll discuss information about the Eqifi project and EQX token

With EQIFI, the entire digital asset, blockchain and cryptocurrency ecosystem of traders, investors, developers, exchanges and app users may borrow against multi-type assets without selling.

Apps may borrow assets for use in the Ethereum ecosystem without waiting for an order to close or requiring off-chain activity. Similarly, speculators may deploy a variety of trading techniques, including shorting, to maximise their opportunity, while miners may borrow against an extensive selection of collateral.

The Solution

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 is a decentralized protocol for pooled lending, borrowing, and investing for ETH, ERC-20 tokens including wBTC, Stablecoins, and select fiat currencies. It provides 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 Products
Interest Rate Swaps (Refinancing)
Yield Aggregator
Key Features

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 loans3
Community-based governance
Community votes on monetization strategy
Low fees and higher LTVs
The Eqifi platform will have 4 main products:

Fixed Rate Products 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 ETH, wBTC, Stablecoins, and select fiat currencies (which are converted into stablecoins) into pools, which have fixed rates attached to it. The interest rates are algorithmically set through a smart-contract.
Variable Rate Products EQIFi Variable Rate Products 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 automatically rise, which drives more lenders to participate.
Interest Rate Swaps 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 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 minimizes the volatility of variable rate lending and certain money market products.
Yield Aggregator EQIFi Yield Aggregator is an automated aggregator of all leading external yield farming products, making yield farming simple and automatic. It is designed to be accessible to those familiar with DeFi and yield farming and also those entirely new to the sector. The platform seeks to be the world’s leading self-investment platform and automatically assigns capital between different liquidity pools in order to pursue the best possible profit and margin at all times.

Market Analysis

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.

Governance

The community has full control over all core functions, including but not limited to:

Listing or delisting new tokens and asset types

Adjusting interest rates per the market

Governance Voting:

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.

Tokenomics

Token Features

Bonus APY: Token holders earn up to 25% APY and passive returns with EQX Tokens.

Liquidity Mining: Token holders receive interest based on the length of time tokens are staked in liquidity pools.

Community-based Governance: Token holders may take part in voting for new features on the platform.

Higher LTVs: Token holders get better LTV based on the number of EQX they have.

Early Adopters Bonus: The first 10,000 early adopters receive rewards for joining the platform.

Staking Bonus: Token holders who stake their tokens receive preferential bonuses in the form of rewards.

Priority Bank Accounts: Token holders have priority access to bank accounts.

Reduced Fees: Token Holders have reduced fees on the platform.

Higher Limits: Token holders enjoy higher limits on the defi products.

Better Rates: Token holders receive better rates on the platform.

Allocations

How and Where to Buy EQX token?

EQX has been listed on a number of crypto exchanges, unlike other main cryptocurrencies, it cannot be directly purchased with fiats money. However, You can still easily buy this coin by first buying Bitcoin, ETH, USDT, BNB from any large exchanges and then transfer to the exchange that offers to trade this coin, in this guide article we will walk you through in detail the steps to buy EQX token.

You will have to first buy one of the major cryptocurrencies, usually either Bitcoin (BTC), Ethereum (ETH), Tether (USDT), Binance (BNB)…

We will use Binance Exchange here as it is one of the largest crypto exchanges that accept fiat deposits.

Binance is a popular cryptocurrency exchange which was started in China but then moved their headquarters to the crypto-friendly Island of Malta in the EU. Binance is popular for its crypto to crypto exchange services. Binance exploded onto the scene in the mania of 2017 and has since gone on to become the top crypto exchange in the world.

Once you finished the KYC process. You will be asked to add a payment method. Here you can either choose to provide a credit/debit card or use a bank transfer, and buy one of the major cryptocurrencies, usually either Bitcoin (BTC), Ethereum (ETH), Tether (USDT), Binance (BNB)…

☞ SIGN UP ON BINANCE

Step by Step Guide : What is Binance | How to Create an account on Binance (Updated 2021)

Next step - Transfer your cryptos to an Altcoin Exchange

Once finished you will then need to make a BTC/ETH/USDT/BNB deposit to the exchange from Binance depending on the available market pairs. After the deposit is confirmed you may then purchase EQX from the website: https://eqifi.com.

The top exchange for trading in EQX token is currently …

Find more information EQX

☞ Website ☞ Social Channel ☞ Social Channel 2 ☞ Social Channel 3 ☞ Message Board ☞ Coinmarketcap

🔺DISCLAIMER: The Information in the post isn’t financial advice, is intended FOR GENERAL INFORMATION PURPOSES ONLY. Trading Cryptocurrency is VERY risky. Make sure you understand these risks and that you are responsible for what you do with your money.

🔥 If you’re a beginner. I believe the article below will be useful to you ☞ What You Should Know Before Investing in Cryptocurrency - For Beginner

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What is Eqifi (EQX) | What is Eqifi token | What is EQX token