Tezos has experienced tremendous growth over the past months. With an ever-growing ecosystem of use-cases and dApps, Tezos is processing millions of transactions per month.
Last month over 3 million of those transactions were interactions with smart contracts.
A growing group of popular applications are decentralized finance (DeFi) dApps that allow users to interact with often lucrative financial products in a decentralized manner. This growing industry on Tezos has not gone unnoticed.
EQIFI, powered by the global digital bank EQIBank, has chosen Tezos to launch new yield and lending products.
EQIFI is a regulated and licensed decentralized finance platform and has chosen Tezos because it is a leading Proof of Stake network with time-tested on-chain governance, an active DeFi (decentralized finance) ecosystem, and a global community of builders and creators.
This new product launch cements EQIFI as a leader in the DeFi space and as the world’s first seamless bridge to decentralized finance.
EQIFI will offer Tezos staking and borrowing services to its global customer base. EQIFI is powered by EQIBank, one of the world’s leading licensed and regulated digital banks.
EQIFI operates under a community-focused, decentralized standard through its native EQX token.
This allows community members to provide input on decisions such as listing and delisting assets and tokens, adjusting interest rates according to the market, and modifying collateral limits.
“A product offering with an industry leader such as Tezos signifies the bar EQIFI is setting in the DeFi space. Providing exposure to Tezos holders for staking and borrowing is just the next step in positioning EQIFI to become an industry leader.” – Jason Blick, Chairman of EQIFI
EQIFI has been following the progress of the growing Tezos network for a while. They mentioned:
Tezos is one of the original Proof of Stake smart contract layer one blockchains. Since launching in 2017, it has successfully upgraded itself seven times, logged millions of transactions, and attracted a vibrant, global community. Developers are able to easily build powerful tools and products, while new users can explore NFTs, DeFi and DAOs.
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 ever-demanding culture that wishes to embrace the evolution of digital technologies. For more information, visit EQIFI’s website. http://www.eqifi.com
Source: https://xtz.news/adoption/global-digital-bank-eqibank-chooses-tezos-for-defi-offering/
