10 August 2023

Generative Art Platform Fxhash Secures $5M in Seed Funding Round Led by 1kx

The Seed Round Fxhash, the groundbreaking generative art platform and marketplace, has successfully closed an oversubscribed $5 million seed fundraising round. Spearheading this investment initiative was 1kx, an early-stage crypto-focused venture capital firm renowned for its strategic ecosystem growth investments. Founded in 2021, Fxhash has emerged as the...

Kord.Fi Is Live On Tezos: Lending, Borrowing And Levered Liquidity Baking

The Kord.Fi team has announced the launch of the first lending protocol on Tezos in a completely decentralized way. After successfully running a testnet, Kord.Fi is now live.

Kord.Fi Launches

The Kord.Fi team has announced the launch of the first lending protocol on Tezos in a completely decentralized way. After successfully running a testnet, Kord.Fi is now live.

What does this mean for the Tezos ecosystem? With the help of the Kord.Fi protocol, it is possible to lend tez (and tzBTC token) to the liquidity providers in a completely novel way that does not include any intermediaries.

All of it will be done through the awesome power of the Tezos Blockchain and the Kord.Fi smart contracts that are deployed on Tezos.

In theory, this means that you can earn extra yield on your tez holdings without any additional intermediary risk.

Remember that “DeFi – “Decentralized Finance” essentially means trustless, free exchange of assets and this is what the Kord.Fi protocol helps to deliver.

It matches borrowers with liquidity baking lenders through the smart contracts, embedded into the Tezos blockchain, bypassing any potentially risky intermediary services.

At Kord.Fi, liquidity bakers (users who provide assets to smart contracts that boost exchange rate liquidity) can use the assets borrowed from lenders to gear up returns from liquidity baking with the help of leverage.

Borrowers (which are called Farmers within the Kord.Fi protocol) take funds from the Lenders and repay them with interest.

The amount Lenders earn depends on the so-called utilization rate that describes what percentage of potential collateral provided by Lenders is employed by the Farmers at any given moment.

Typically, the interest rate on Lending through Kord.Fi fluctuates around 10-15% pa. This way Lenders can earn extra money on their Tezos (or tzBTC token) holdings without much additional risk or need to sell/swap their holdings.

Farmers greatly benefit from the ability to use the funds supplied by Lenders to increase the amount they invest into liquidity baking contracts on the Tezos Blockchain.

This results in the ability to earn fees for liquidity provision that are much higher than the current “standard” for Tezos liquidity baking – 50-100% (depending on the leverage employed) vs 25-30%. 

Important To Note The Risks

Please note, that the project is still in beta and Kord.Fi has not completed an audit yet, so it should be used with caution. 

It is advised by Kord.Fi to study the provided documentation here and you understand the underlying risks. 

Upload Article

Complete the submission form, which includes fields for your name, contact information, a short author bio, and the title of your article. Submit your Word document as a word doc file. If you encounter any issues during the submission process, please contact our support team for assistance at [email protected]. We encourage all aspiring contributors to read and understand our submission guidelines and editorial policy before submitting.

Hidden
Hidden
Accepted file types: jpg, jpeg, png, Max. file size: 128 MB.
Banner Image
Accepted file types: jpg, jpeg, png, Max. file size: 128 MB.
Image
Accepted file types: jpg, jpeg, png, Max. file size: 128 MB.
Image
Accepted file types: pdf, doc, docx, Max. file size: 128 MB.
Submit Article: Suitable Formats = PDF, WORD
By Uploading an article, you are accepting all to all copyright and information that is to the best of your knowledge true and accurate.
Agree(Required)

Other News

View More
20 September 2023

Plenty Set to Launch Advanced V3 Decentralized Exchange on Tezos Today

Decentralized exchange, Plenty, is poised to enhance the decentralized finance (DeFi) experience on Tezos with the imminent launch of its advanced “Plenty V3” exchange. The announcement made via the platform’s Twitter account confirmed the launch date to be today, September 20th.

Read More
19 September 2023

La Poste’s NFTimbre Stamp Powered By Tezos Sees Launch Day Sale Success

An initial 100,000 NFT stamps were for sale, at this point over 18,200 have been sold, including 13,050 NFTs sold in less than 4 hours, equating to over €145,000 in sales since launch yesterday.

Read More
17 September 2023

Tezos Teams Integrate MetaMask into the Tezos Ecosystem through a Custom Snap

In a recent integration, teams within the Tezos ecosystem have enabled more than 30 million MetaMask users to connect to the Tezos blockchain. This collaboration expands the utility of MetaMask, one of the most popular digital asset wallets, to encompass the Tezos blockchain.

Read More

Subscribe to weekly tezos news

Join The XTZ. News Newsletter To Receive The Latest Tezos
News And Interviews.

Subscribe To Weekly Tezos Token Prices

Join the Tezos Token Price newsletter to receive the latest Tezos token prices on a weekly basis.