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Global Digital Bank ‘EQIBank’ Chooses Tezos For DeFi Offerings

EQIFI, powered by the global digital bank EQIBank, has chosen Tezos to launch new yield and lending products.

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EQIFI, EQIBank & Tezos

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 EQIBankhas 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. https://www.eqifi.com 

Disclaimer

Nature of Content: All content published on https://xtz.news, whether written, auditory, or visual, is for informational purposes only. Opinions expressed therein are solely those of the individual authors and do not reflect the views of XTZNews or its management.

Not Financial Advice: No content on this website constitutes investment, financial, legal, or tax advice. Users should not construe any such information as a recommendation to buy, sell, or hold any investment or security or to pursue any particular investment strategy.

Accuracy and Completeness: While XTZNews makes every effort to ensure the accuracy and reliability of information, we do not warrant or guarantee the timeliness, completeness, or accuracy of the information presented. The website may contain errors, omissions, or inaccuracies. We disclaim all warranties, both express and implied, regarding the information, including but not limited to, any warranty of merchantability or fitness for a particular purpose.

Endorsements: References to specific entities, products, services, processes, or other information does not constitute or imply endorsement, sponsorship, or recommendation by XTZNews. Blockchain technology is in a developmental phase, and the engagement with the technology and its associated entities carries inherent risks.

User’s Responsibility: Users are encouraged to conduct their own research and due diligence and to seek the advice of qualified professionals before making any investment or decisions related to content on this site. Engaging with blockchain technology, cryptocurrencies, and associated applications should be undertaken with caution, understanding the inherent risks involved.

Limitation of Liability: Under no circumstances will XTZNews or its affiliates, partners, officers, directors, employees, shareholders, agents, or licensors be liable for any direct, indirect, incidental, special, consequential, or punitive damages, including without limitation, loss of profits, data, use, goodwill, or other intangible losses, resulting from (i) your access to or use of or inability to access or use the site; (ii) any content obtained from the site; or (iii) unauthorized access, use, or alteration of your transmissions or content, whether based on warranty, contract, tort (including negligence), or any other legal theory, whether or not we have been informed of the possibility of such damage, and even if a remedy set forth herein is found to have failed its essential purpose.

Seek Independent Advice: Before undertaking any financial investments, potential investors are advised to seek guidance from independent financial, legal, and tax professionals.

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