EQIFI, a decentralized finance platform, today announced new products for the Tezos blockchain ecosystem and will offer its users Tezos (XTZ) staking and borrowing.
Powered by EQIBank a licensed and regulated digital bank, EQIFI operates under a community-focused, decentralized standard through its native EQX token. The EQIFI community is able to provide input on decisions such as listing and delisting tokens, adjusting interest rates, and modifying collateral limits.
“A product offering with an industry leader such as Tezos signifies the bar EQIFI is setting. Providing exposure to XTZ holders for staking & borrowing is just the next step in positioning EQIFI to become an industry leader.”
– Jason Blick, Chairman of EQIFI
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.
Launched in 2017, Tezos is one of the original Proof of Stake smart contract blockchains and has successfully upgraded itself 7 times, logged millions of transactions, and attracted a diverse 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.