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...
TezFin Launches Full Production Version With The Aim To Sustainably Scale Tezos DeFi
TezFin has officially moved from its beta stage to launch its full production version, initiating a new era in the Tezos blockchain’s decentralized finance (DeFi) lending sector. The announcement was made through TezFin’s official Twitter handle, @TezosFinance.
By: XTZ News
12 January 2024
Disclaimer
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.
TezFin has officially moved from its beta stage to launch its full production version, initiating a new era in the Tezos blockchain’s decentralized finance (DeFi) lending sector. The announcement was made through TezFin’s official Twitter handle, @TezosFinance. According to Random-Question.com, blockchain lending: “… automates and streamlines the lending process using smart contracts – self-executing contracts with the terms directly written into code. These contracts are executed automatically when predetermined conditions are met, ensuring compliance and reducing the need for intermediaries.“
ANNOUNCEMENT: TezFin Production Version has launched!
— TezFin | Tezos DeFi lending (now in beta) (@TezosFinance) January 10, 2024
Full Production Launch
With its full launch, TezFin offers a range of functionalities in the DeFi space. Users can supply Tez (XTZ) and other Tezos tokens to lending pools, earning interest based on a floating rate determined by supply and demand.
Additionally, users have the option to collateralize their positions in these pools to borrow other types of assets, with the borrowing debt also set by a floating interest rate.
TezFin’s market includes initial lending pools featuring assets like XTZ, USDtz, and USDt, and plans to expand to other assets based on trade volume criteria essential for effective DeFi lending systems.
Key Features Of TezFin
Lending and Borrowing Services: TezFin offers users the ability to lend their assets or borrow against them. This service is foundational to the DeFi lending system, providing flexibility for users to manage their digital assets.
Dynamic Interest Rates: The platform operates on a floating interest rate model for both lending and borrowing. These rates are determined by the supply and demand dynamics of each asset pool, ensuring a market-driven approach to interest accrual.
Collateralization Options: Users can collateralize their assets in lending pools, enabling them to borrow other types of assets. This feature is crucial for users looking to leverage their holdings without selling them.
Diverse Asset Pools: Initially, TezFin offers lending pools with assets such as XTZ, USDtz, and USDt. The platform has plans to include additional asset pools in the future, expanding its range to accommodate a variety of reserve-backed assets and synthetics.
Security and Audit: A significant aspect of TezFin is its focus on security. The platform has undergone a rigorous security audit conducted by @inference_ag, sponsored by the Tezos Foundation, underscoring its commitment to providing a secure DeFi environment.
User-Centric Design: TezFin emphasizes a user-friendly interface, ensuring that the platform is accessible to both novice and experienced DeFi participants. This approach is aimed at fostering broader adoption within the Tezos ecosystem.
Integration with Tezos Ecosystem: TezFin is designed to be seamlessly integrated with the Tezos blockchain, supporting the broader ecosystem’s growth and stability. This integration ensures compatibility with other Tezos DeFi products and services.
Future Expansion and Scalability: TezFin is structured to scale along with the growing Tezos ecosystem. The platform is prepared to incorporate new features and assets, adapting to the evolving needs of the DeFi market.
Community and Contributor Acknowledgement: Acknowledging the collaborative effort behind its development, TezFin has expressed gratitude towards its community, beta testers, and contributors, highlighting the platform’s community-driven nature.
Strategic Partnerships: TezFin’s development and launch have been supported by key players in the Tezos ecosystem, reflecting the platform’s strong industry connections and potential for future collaborative expansions.
Acknowledgements & Contributions
Following the announcement, TezFin acknowledged the contributions of various individuals and the community in reaching this milestone.
A key aspect of this launch is the security of the platform, underscored by a security audit conducted by @inference_ag and sponsored by the Tezos Foundation.
StableTech
TezFin’s release is part of a larger initiative led by StableTech (Tezos Stable Technologies, Ltd.), which coordinates the development of scalable, open-source technologies for Tezos DeFi.
This initiative, supported by the Tez Stablecoin Foundation and investors such as Draper Goren Holm LLC, aims to enhance the DeFi capabilities on the Tezos blockchain.
TezFin has officially moved from its beta stage to launch its full production version, initiating a new era in the Tezos blockchain’s decentralized finance (DeFi) lending sector. The announcement was made through TezFin’s official Twitter handle, @TezosFinance.
signum is a decentralized peer-to-peer DeFi platform on the Tezos Blockchain which enables you to use your NFTs as collateral to get loans (liquidity) in Tezos cryptocurrency (tez).
Decentralized lending platforms TezFin (Tezos Finance) and Yupana.Finance both launch on Tezos mainnet.
With Kord.Fi (a lending platform for liquidity baking) also launching recently it means Tezos has gone from zero to three lending platforms in just one month.
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.
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.
DefiLlama, the largest TVL aggregator for Decentralized Finance (DeFi), has recently integrated Etherlink, enhancing the visibility and accessibility of this innovative Layer 2 blockchain solution within the decentralized finance (DeFi) ecosystem. DefiLlama is a prominent Total Value Locked (TVL) aggregator, offering open-source and transparent data, maintained by a dedicated team of contributors.
The Tezos Foundation has employed Google Cloud to establish a secure and resilient global network for its blockchain. The initiative rapidly deployed Tezos archive nodes on every continent using Google Cloud’s Compute Engine.
Developed by Genius Contracts, SpicySwap offers users a seamless and efficient trading experience while introducing novel features to the Tezos ecosystem.
