DeFi Startup Kulfi Finance Debuts A Fixed-Rate Lending Protocol on Cardano
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Launching a fixed rate cryptocurrency loan Kulfi Finance is increasing its decentralized finance (DeFi) presence with the launch of its V1 protocol. In a world of zero and even negative interest rates, Kulfi Finance offers one of the few opportunities to earn a real return on your money.
Most DeFi protocols have variable interest rates that fluctuate based on market activity, the Kulfi protocol uses its advanced smart contract to give investors a fixed rate of return on their crypto assets.
The main advantage of fixed rate protocols is that they allow investors to earn a guaranteed return and open crypto savings to more mature market participants. Although relatively new, fixed-rate protocols are rapidly growing in popularity.
What is Kulfi Finance?
Kulfi is the first decentralized Cardano-based protocol for floating and fixed rate lending and borrowing. With variable interest lending, DeFi can only serve a small part of the crypto lending market, because variable interest does not offer the certainty required by lenders and borrowers. Kulfi Finance addresses this by creating a true floating and fixed rate marketplace for lenders and borrowers that democratizes and empowers individual investors, business owners and institutional investors.
With Kulfi V2, users enjoy a low to zero liquidation transaction. Kulfi Finance is designed to provide one-stop peer-to-peer lending solutions in a decentralized and transparent manner to ensure maximum reliability for users. Kulf’s goal is to be the best loan product on the Cardano Chain and expand its influence in the crypto world.
Kulfi Token (KLS) and governance
The KLS token is the Cardano token that controls the Kulfi protocol. KLS holders can propose, vote and implement changes to Kulfi system parameters and smart contracts. Each KLS holder gets one vote for each KLS they own. Interested investors can join Kulfi Pre Seed Funding.
KLS holders are responsible for managing the Kulfi on-chain treasury, setting risk and collateral parameters, and voting on proposed updates to Kulfi smart contracts.
Here is a short, non-exhaustive list of things that KLS holders should propose and vote on:
Setting liquidity fees
Setting up side cuts
Introduction of new collateral types
Activation of new maturities for borrowing and lending of various assets
Proposing and evaluating protocol updates
Kulfi Token is currently in Pre Seed Round for early buyers, this is the first and limited opportunity for public to get exclusive early access to buy Kulfi Token, follow the link to buy KLS Token at a fair price- https://kulfifinance.io
Holders of KLS holders will be able to access the Kulfi NFT pre-sale and participate in important referendums regarding the Kulfi protocol.
What makes Kulfi different?
Thanks to the top-notch experience of the Kulfi team, the highly scalable market of Kulfi finance not only provides high-yield deposit and loan services, but also improves the overall capital efficiency of the Cardano Chain ecosystem and provides robust protection for Cardano-based assets. .
At launch, Kulfi enables money market borrowing and lending with a certain amount of assets (CNFT & CNT) and offers the following high liquidity money market with dynamically adjusted incentives.
Kulfi Token advance seed sale
Interested early adopters can visit the kulfi token sale page to get KLS tokens at the cheapest price before it is listed on exchanges here https://kulfifinance.io/buy
KLS Token Statistics:
1 ADA = 200 $KLS money
Sales volume of pre-seeds: 70,000,000
Minimum purchase: 350 ADA
It is clear that fixed rate lending in DeFi was the first major use case. In addition, DeFi is barely scratching its growth potential compared to traditional financial markets. Fixed rate lending in DeFi (and term lending) appears to be the next frontier for DeFi lending protocols and potentially attractive to institutional investors.
Read more about Kulfi Finance
Join KLS Pre Seed: https://kulfifinance.io/buy
The post DeFi Startup Kulfi Finance Introduces Fixed Rate Lending Protocol on Cardano appeared first on CoinChapter.