EQIFI, a regulated and licensed decentralized finance platform, has announced new products supporting the Tezos blockchain ecosystem.
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 dApps that allow users to interact with often lucrative financial products in a decentralized manner. This growing industry on Tezos has not has not gone unnoticed.
EQIFI has chosen Tezos because it is a leading Proof of Stake network with time-tested on-chain governance, an active DeFi 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. Project 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.
Jason Blick, Chairman of EQIFI, said: “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.”
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.