Decentralized financial platform EQIFI announced a new product today Tezos Blockchain Ecosystem and will provide Tezos (XTZ) mortgages and loans to its users.
EQIFI is supported by the licensed and regulated digital bank EQIBank, and operates under a community-centric decentralized standard through its native EQX token. The EQIFI community can provide opinions on decisions such as listing and delisting tokens, adjusting interest rates, and modifying collateral limits.
“The products offered with industry leaders such as Tezos mark the standards that EQIFI is setting. Providing XTZ holders with collateral and borrowing opportunities is just the next step in positioning EQIFI as an industry leader.”
– Jason Blick, Chairman of EQIFI
EQIBank provides competitive interest rates, 24/7 service, trustworthy security, and an innovative and simple online global banking experience. EQIBank provides bank accounts, loans, custody, debit and credit cards, counter and wealth management services to EQIFI and all its qualified customers.
Tezos was launched in 2017 and is one of the original PoS smart contract blockchains. It has been successfully upgraded 7 times, recorded millions of transactions, and attracted a diverse community. Developers can easily build powerful tools and products, and new users can explore NFT, DeFi, DAO, etc. in hundreds of decentralized applications running on Tezos.
Tezos’ Proof of Stake design means that it can operate in an energy-efficient manner and consumes 2 million times less energy than the popular Proof-of-Work network-which makes it an ideal platform for building energy-efficient and sustainable blockchain applications.