Ahead of Vasil, Cardano Welcomes Its First Fixed Rate Lending protocol

Kulfi Finance is the archetypal Cardano fixed-rate wealth market. At launch, vaults volition beryllium dedicated to stable-asset and pegged-asset pairs, with further vaults added successful the future.  Louis Ryman, Chief method serviceman astatine Kulfi, stated “By gathering upon Cardano, Kulfi has created a elemental mode for crypto users to entree the benefits of the fixed complaint wealth market.”

Kulfi concern facilitates lending and borrowing of Cardano autochthonal assets astatine fixed rates / Terms done an innovative fiscal primitive called wTokens. Fixed-rate financing touches each the edges of the modern fiscal markets. Kulfi exertion volition supply crypto users with the quality to entree unchangeable financing. Kulfi protocol is simply a archetypal of its benignant to beryllium built connected Cardano, on with its Yield Protocol. Fixed lending/borrow rates are a important constituent of the accepted fiscal system, allowing businesses and individuals to amended program their aboriginal finances. In the crypto space, however, adaptable rates are the norm; these fluctuating rates marque it hard to comparison protocols and usage DeFi (Decentralized Finance) for real-world applications. “In bid to program for the long-term, to get wealth for a location oregon car, radical request to cognize what their costs volition beryllium – they request fixed rates” Manolis Kyriacou, Kulfi advisor stated connected LinkedIn.

Why Fixed Rate is Important successful DEFI

Most wealth marketplace protocols connected DEFI connection a adaptable complaint successful which the involvement complaint is usually determined done the proviso and request of the token. When the request rises, the involvement rates spell up. When the token proviso increases, the involvement complaint goes down bringing uncertainty to the crypto market, this dilemma produces the request for a fixed-rate/term rate. Kulfi fixed indebtedness merchandise is based connected the zero coupon enslaved conception which pays the afloat look worth connected its maturity date, with look worth representing however overmuch wealth the lenders person connected the fixed maturity date. Kulfi concern facilitates borrowers and lenders to hold connected a fixed complaint of interest. Unfortunately, astir lending protocols deficiency this diagnostic and cannot service arsenic a unchangeable root of credit. Read Kulfi Whitepaper to larn much astir the fixed complaint protocol.

Kulfi Governance Token (KLS)

Kulfi ($KLS Token) is the governance token of the Kulfi protocol. It is simply a Cardano autochthonal token that holders tin usage for proposals, votes, and implementing changes to Kulfi ecosystem parameters and astute contracts. At the bosom of kulfi are wTokens tokens (zero coupon tokens).

These instruments marque the project’s fixed-rate strategy spell round, arsenic they perpetually and simply support way of who owes crossed kulfi stablecoin markets. KLS is simply a halfway autochthonal inferior and governance plus of the Kulfi ecosystem. The KLS token is connected Pre Seed Round and disposable astatine a fixed price; for 1 ADA, an capitalist tin assertion 200 KLS tokens. KLS holders volition beryllium capable to instrumentality portion successful important referendums connected Kulfi’s protocol upgrades.

Kulfi Token (KLS) and Utilities

KLS is simply a Cardano token that governs the Kulfi protocol. KLS holders tin propose, ballot on, and instrumentality changes to Kulfi strategy parameters and astute contracts. Each KLS holder gets 1 ballot per KLS that they hold. Verify KLS token connected Pool.pm KLS holders volition beryllium liable for managing the Kulfi on-chain treasury, mounting hazard and collateralization parameters, and voting connected immoderate projected upgrades to the Kulfi astute contracts. Here is simply a short, non-exhaustive database of things KLS holders volition request to suggest and ballot on:

Proposing and evaluating upgrades to the protocol Access Grant for Kulfi Borrowers Onboarding caller collateral types Setting liquidity fees Activating caller maturities for lending and borrowing antithetic assets Transaction fees wrong the Kulfi Ecosystem tin beryllium paid utilizing KLS tokens KLS holders gain a percent of the interest paid wrong the Kulfi Ecosystem Loan repayment tin beryllium done with KLS token

Borrowing connected Kulfi Finance:

Users connected Kulfi Finance tin person fixed-term involvement rates connected their loans. Firstly, borrowers indispensable deposit funds arsenic collateral. Then, mint antagonistic wTokens. The antagonistic wTokens tokens are typical of the funds borrowed successful summation to a chosen maturity day erstwhile the repayment is due. At this stage, borrowers tin commercialized and speech their antagonistic wTokens tokens for cryptocurrency.

Lending connected Kulfi Finance:

Users tin lend spare superior to the Kulfi portfolio, As such, lenders volition acquisition affirmative wTokens assets that output a higher valuation than their archetypal deposit astatine a aboriginal date. The affirmative wTokens “matures” implicit clip and becomes redeemable for currency upon reaching afloat maturity.

Kulfi Dapp Users bash not request to walk the modular recognition procedures specified arsenic Know Your Customer oregon KYC processes giving the users afloat anonymity.

Participate successful KLS Token Pre Seed Sale

Kulfi token Pre Seed Round is the archetypal and constricted accidental for the nationalist to summation exclusive aboriginal entree to acquisition Kulfi token astatine 0.005 ADA per KLS token.

Interested participants tin travel the nexus to acquisition KLS token astatine a just terms – https://kulfifinance.io/buy

Conclusion

Kulfi Finance solves 1 of the cardinal problems successful the DeFi space. The quality to supply fixed-rate lending makes the DeFi abstraction accessible to much mainstream users and volition bring successful a flood of caller users. At Kulfi concern a idiosyncratic tin get against your crypto without worrying astir changing involvement rates. Tomorrow you mightiness beryllium capable to instrumentality retired a fixed-rate owe connected Kulfi!

That’s wherefore DeFi is truthful exciting. Every day, determination is an innovation that expands the scope of this industry.

We judge that Kulfi Finance has a bully accidental of becoming 1 of the starring lending protocols.