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DeFi platform EQIFI to offer Tezos (XTZ) staking and borrowing


www.cryptoninjas.net 03 September 2021 07:49, UTC
Reading time: ~2 m

EQIFI, a regulated and licensed decentralized finance platform, today announced new products supporting the Tezos blockchain ecosystem.

Powered by EQIBank a licensed and regulated digital bank, 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

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, DAOs, and more across hundreds of decentralized applications running on Tezos.

Tezos’ Proof of Stake design means it can operate in an energy-efficient manner, consuming over two million times less energy than popular Proof of Work networks – this makes it an ideal platform for building blockchain applications that are energy-efficient and sustainable.

EQIBank offers competitive rates, 24/7 service, trusted security, and an innovative, simple online global banking experience. EQIBank provides bank accounts, loans, custody, debit and credit cards, over the counter, and wealth management to EQIFI and all its qualified clients.

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