Ahead of Vasil, Cardano Welcomes the First Fixed Rate Lending Protocol to the Blockchain | Coinspeaker

Ahead of Vasil, Cardano Welcomes the First Fixed Rate Lending Protocol to the Blockchain

September 8th, 2022 at 12:00 pm UTC · 3 min read

Ahead of Vasil, Cardano Welcomes the First Fixed Rate Lending Protocol to the Blockchain
Photo: Kulfi Finance

In a world of zero and even negative interest rates, Kulfi finance set to offer one of the few opportunities to earn a real return o for crypto investors. While most DeFi protocols have variable interest rates that change according to market activity, Kulfi protocol is using its advanced smart contract to give investors a fixed interest return on their crypto assets.

The major advantage of fixed-rate protocols is that they let investors earn a guaranteed rate of return, and open up crypto savings for more mature market participants.

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 best lending product on Cardano Chain and to extend its influence in crypto world. With Kulfi V2, users will enjoy a low to zero liquidation event.

Kulfi Token (KLS) and Utilities

KLS token is a Cardano token that governs the Kulfi protocol. KLS holders can propose, vote on, and implement changes to Kulfi system parameters and smart contracts. Each KLS holder gets one vote per KLS that they hold. Interested investors can join Kulfi finance Pre Seed Funding.

KLS holders will be responsible for managing the Kulfi on-chain treasury, setting risk and collateralization parameters, and voting on any proposed upgrades to the Kulfi smart contracts. Here is a short, non-exhaustive list of things KLS holders will need to propose and vote on:

  • Setting liquidity fees
  • Setting collateral haircuts
  • Onboarding new collateral types
  • Activating new maturities for lending and borrowing different assets
  • Proposing and evaluating upgrades to the protocol

Kulfi Token is currently on Pre Seed Round for early buyers, This is the first and limited opportunity for the public to gain exclusive early access to purchase Kulfi token, follow the link to purchase KLS token at a fair price: https://kulfifinance.io/buy

Holders of KLS holders will be able whitelisted for Kulfi NFT Pre sale and will take part in crucial referendums on Kulfi protocol.

Kulfi Fixed Rate Protocol

Borrowing on Kulfi Finance: Users on Kulfi Finance can receive fixed-term interest rates on their loans. Firstly, borrowers must deposit funds as collateral Mint negative wTokens. The negative wTokens tokens are representative of the funds borrowed in addition to a chosen maturity date when the repayment is due. At this stage, borrowers can trade and exchange their negative wTokens tokens tokens for cryptocurrency.

Lending on Kufli Finance: Users can lend spare capital to Kulfi portfolio, As such, lenders will purchase positive wTokens assets that yield a higher valuation than their initial deposit at a future date. The positive wTokens “matures” over time and becomes redeemable for currency upon reaching full maturity.

wTokens (Zero coupon token)

As the core feature within the Kulfi crypto ecosystem, wTokens provides a reliable and secure way to tokenize future payments. As a result, users can flexibly trade popular cryptocurrencies, with public immutable management of which wallets owe what and at which time. wTokens is a mechanism representative of a deposit of funds plus a fixed-rate interest amount and mutually-agreed repayment date.

Kulfi Pre Seed Sale

Interested early adopters can visit the token sale page to Acquire KLS tokens at the cheapest price before it gets listed on exchanges here.

Here are KLS token statistics:

  • 1 ADA = 200 $KLS
  • Pre Seed sales allocation: 70,000,000
  •  Minimum buy: 350 ADA

Learn more on Kulfi Finance: Website, Pre Seed Round, Twitter, Telegram, Discord, Medium, Gitbook.


Kulfi Finance

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