DeFi startup Kulfi Finance launches fixed-rate loan
London, UK, September 02, 2022 (GLOBE NEWSWIRE) — Fixed Rate Cryptocurrency Lending Starts KulfiFinance strengthens its presence in decentralized finance (DeFi) with the launch of its V1 protocol. In a world of zero or even negative interest rates, Kulfi finance offers one of the few opportunities to get more out of your money.
While most DeFi protocols have variable interest rates that change based on market activity, the Kulfi protocol uses its advanced smart contract to offer investors a fixed interest return on their cryptoassets.
The main advantage of fixed rate protocols is that they allow investors to earn a guaranteed rate of return and open up crypto savings to more mature market players. Although fixed rate protocols are relatively new, they are rapidly gaining popularity.
What is Kulfi Finance?
Kulfi is the first decentralized Cardano-based protocol for borrowing and lending at variable and fixed rates and on fixed terms. With variable rate loans, DeFi can only serve a small segment of the crypto lending market, as variable interest rates do not provide the certainty that lenders and borrowers need. Kulfi finance solves this problem by creating a true floating and fixed rate market for lenders and borrowers that democratizes and empowers individual investors, business owners and institutional investors.
With Kulfi V2, users will enjoy low to zero liquidation event. Kulfi Finance is designed to provide one-stop, peer-to-pool lending solutions with decentralization and transparency to ensure maximum reliability for users. Kulfi aims to become the top lending product on Cardano Chain and expand its influence in the crypto world.
Kulfi Token (KLS) and governance
The KLS token is a Cardano token that governs the Kulfi protocol. KLS holders can propose, vote on, and implement changes to Kulfi system settings and smart contracts. Each KLS holder gets one vote per KLS they hold. Interested investors can join Kulfi Pre-Seed Funding.
KLS holders will be responsible for managing the Kulfi on-chain cash, setting risk and collateral parameters, and voting on any Kulfi smart contract upgrade proposals.
Here is a short, non-exhaustive list of things that KLS holders will have to propose and vote on:
Fixing liquidity fees
Set collateral haircuts
Integration of new types of guarantee
Activate new maturities to lend and borrow different assets
Propose and evaluate changes to the protocol
Kulfi Token is currently in the pre-seed stage for early buyers, this is the first and limited opportunity for the public to get exclusive early access to purchase the Kulfi token, follow the link to purchase the KLS token at a price fair- https://kulfifinance.io
KLS holders will be able to be whitelisted for the Kulfi NFT presale and will participate in crucial referendums on the Kulfi Protocol.
What makes Kulfi different?
With the cutting-edge experience of the Kulfi team, the highly scalable Kulfi Finance Marketplaces will not only provide high-yield deposit and lending services, but also improve the overall capital efficiency of the Cardano Chain ecosystem. and will provide a strong backup for Cardano-based assets. .
At launch, Kulfi will enable borrowing and lending money markets on a set number of native cardano assets (CNFT and CNT) and will offer the following high liquidity money markets with dynamically adjusted incentives.
Kulfi Token Seed Pre-Sale
Interested early adopters can visit the kulfi token sale page to acquire KLS tokens at the cheapest price before they go public here https://kulfifinance.io/buy
KLS Token Stats:
1 ADA = 200 $KLS tokens
Breakdown of pre-seed sales: 70,000,000
Minimum purchase: 350 ADA
Clearly, fixed rate lending in DeFi was the first big use case. Moreover, DeFi barely scratches the surface of its growth potential compared to traditional financial markets. Fixed rate loans in DeFi (and term) lending appear to be the next frontier of DeFi lending protocols and potentially attractive to institutional investors.
Learn more about Kulfi Finance
Join KLS Pre Seed: https://kulfifinance.io/buy