London, UK, Sept. 02, 2022 (GLOBE NEWSWIRE) — Mounted-rate cryptocurrency lending startup Kulfi Finance is rising its decentralized finance (DeFi) presence with the launch of its V1 protocol. In a world of zero and even damaging rates of interest, Kulfi finance affords one of many few alternatives to earn an actual return in your cash. 

Whereas most DeFi protocols have variable rates of interest that change in response to market exercise, Kulfi protocol is utilizing its superior sensible contract to present buyers a set curiosity return on their crypto property. 

The main benefit of fixed-rate protocols is that they let buyers earn a assured fee of return, and open up crypto financial savings for extra mature market members. Though fixed-rate protocols are comparatively new they’re rapidly rising in reputation.

What’s Kulfi Finance?

Kulfi is the primary decentralized, Cardano-based protocol for borrowing and lending at variable and stuck charges and stuck phrases. With variable fee lending, DeFi can solely serve a small section of the crypto lending market as a result of variable rates of interest don’t present the knowledge that lenders and debtors require. Kulfi finance fixes this by creating a real variable & mounted fee marketplace for lenders and debtors that democratizes and empowers particular person buyers, enterprise house owners and institutional buyers. 

With Kulfi V2, customers will take pleasure in a low to zero liquidation occasion. Kulfi Finance is designed to supply one-stop, peer-to-pool lending options with decentralization and transparency to make sure most reliability for customers. Kulfi goals to turn out to be the very best lending product on Cardano Chain and to increase its affect in crypto world. 

Kulfi Token (KLS) and Governance

KLS token is a Cardano token that governs the Kulfi protocol. KLS holders can suggest, vote on, and implement modifications to Kulfi system parameters and sensible contracts. Every KLS holder will get one vote per KLS that they maintain. buyers can be part of Kulfi Pre Seed Funding. 

KLS holders will probably be answerable for managing the Kulfi on-chain treasury, setting danger and collateralization parameters, and voting on any proposed upgrades to the Kulfi sensible contracts. 

Here’s a brief, non-exhaustive listing of issues KLS holders might want to suggest and vote on:

Setting liquidity charges

Setting collateral haircuts

Onboarding new collateral varieties

Activating new maturities for lending and borrowing completely different property

Proposing and evaluating upgrades to the protocol

Kulfi Token is presently on Pre Seed Spherical for early consumers, that is the primary and restricted alternative for the general public to realize unique early entry to buy Kulfi token, comply with the hyperlink to buy KLS token at a good price- https://kulfifinance.io

Holders of KLS holders will probably be ready whitelisted for Kulfi NFT Pre sale and can participate in essential referendums on Kulfi protocol.

What makes Kulfi completely different?

With the leading edge expertise of Kulfi group, the highly-scalable markets on Kulfi finance is not going to solely present high-yielding deposit and lending providers, but additionally enhance the general capital-efficiency of cardano Chain ecosystem and supply strong backup for cardano-based property.

At launch, Kulfi will allow borrowing and lending cash markets throughout a set variety of cardano native property (CNFT & CNT) and supply the next high-liquidity cash markets with dynamicly-adjusted incentives.

Kulfi Token Pre Seed Sale

early adopters can go to kulfi token sale web page to Purchase KLS tokens on the most cost-effective value earlier than it will get listed on exchanges right here https://kulfifinance.io/purchase

KLS Token Statistics:

1 ADA = 200 $KLS Tokens

Pre Seed gross sales allocation: 70,000,000 

Minimal purchase: 350 ADA

Conclusion

It’s clear that Mounted Charge Lending in DeFi was the primary huge use case. What’s extra, DeFi is barely scratching the floor of its progress potential in comparison with conventional monetary markets. Mounted-Charge Lending in DeFi (and fixed-term) lending appears to be the following frontier of DeFi lending protocols and probably engaging for institutional buyers.

Be taught extra on Kulfi Finance 

Be part of KLS Pre Seed: https://kulfifinance.io/purchase

Web site: https://kulfifinance.io

Twitter; https://twitter.com/kulfi_finance

GitHub: https://github.com/KulfiFinance

Telegram: https://t.me/+rphyUBMegsU3ZTI0

Discord: https://discord.gg/fzsa8ynF97

Medium: https://medium.com/@Kulfi_finance

Gitbook: https://kulfi.gitbook.io/kulfi-finance-3/