#DeFi #TeleFy #DEX #cryptocurrency #Ethereum #BinanceSmartChain #Bitcoin #Airdrop #polkadot #MATIC #Polygon $TELE #Cardano #ETH
INTRODUCTION
Industry offers various crypto solutions in the space of Decentralized Finance (DEFI), being enabled by block chain technology. Despite that, it’s difficult to discover a one-stop solution that can be leveraged for various block chain models, which are aiming to solve multiple problems pertinent to DEFI. The key objective behind Telefy is to bring multiple DEX, Lending, Launchpads, NFT with Tele Score enabled solutions across various block chains and by which empowering DEFI market and generate opportunities to earn revenue out of it.
Why use TeleFy
Current market capital for DEFI is over USD 150 Billion and there are potential opportunities for DEFI market hitting sky-high level of growth sooner. Estimated average DEX volume per month is varied in the spectrum of 70B USD to 165B USD in the year 2021 (as per the depiction in the chart below) , which assures significant leap of growth in the upcoming years. Market capital of UniSwap and Aave are around USD 15.8 B and USD 3B respectively, as on first week of Jan 2022. Telefy, by its benchmarking offerings to the market around multi-chain DEX, lending, NFT, Tele-Pad and Tele-Scoring solutions, could be able to generate incredible opportunities and market capital that’s beyond expectations.
TeleFy FEATURES
Telefy platform contain the below protocols-
TELE SWAP:
Tele Swap is a multi-chain protocol that allows users to swap coins, adding liquidity using AMM (Automated Market Maker).
TELE LEND:
Tele Lend is a multi-chain and automated lending protocol that allows users to lend or borrow using Tele Score.
TELE SCORE:
Tele Score is a multi-chain programmable protocol for effectively calculating the credit worthiness of users, based on their holdings, transaction history and few other relevant parameters.
TELE PAD:
Tele PAD is multi-chain model supports initial DEX offering (IDO) for the users who have TELE Coin stake.
TELE NFT:
Tele NFT is multi-chain NFT marketplace where you can buy or sell NFT. Tele NFT protocol fees will be distributed to the users who staked TELE.
MISSION OF TELEFY PLATFORM IN BLOCKCHAIN COMMUNITY
TeleFy, in a nutshell, brings in a way to associate trustless tele score i.e, credit score for every wallet. The Tele-Score services come along with the Telefy platform determines the credit worthiness of each wallet and produces most appropriate interest rates for the users who are availing the benefits of lending pool. Tele-Score will be published as a micro service, which is an open-source and can be leveraged by any exchanges or users who are interested to consume this service. Tele Score can be a transformational service that can change the way of most of the DEFI solutions that are in the market today, by distinguishing users into multiple categories based on their date of joining to the DEFI chain and other credentials. Again, re-iterating the point that, Telefy is going to be a one-stop solution for multiple block chains including but not limited to DEX, Lending, Launch PAD and NFT.
VISION OF TELEFY PLATFORM IN BLOCKCHAIN COMMUNITY
DEFI is an emerging, seamlessly working technology for many financial solutions and of course significantly helps to get rid of third parties and brokerages involved in the legacy models. However, its observed, lack of knowledge in gathering the credit worthiness of the users using this platform, potentially leads the end users paying up inappropriate interest rates. As of Today, most of the DEFI solutions are working on Lending Pool (LP). The interest rate is either flat (20%) or a highly dynamic one based on the utilization ratio. Also, the users who are holding or trading coins in DEFI are not benefitted by any credits. In addition, platforms that are existing today offers any one of the crypto solutions such as DEX, LP, NFT and Launch Pad but, not all of them.
TeleFy Wallet
Tele Lend protocol is highly successfully enables users to lend or borrow using Tele Credit score. Users with low or zero transactions in wallet will get low Tele score and so will be charged higher interest rate whereas users with higher number of transactions, holdings etc., will get good Tele score which significantly reduces the interest rate.
#DeFi #TeleFy #DEX #cryptocurrency #Ethereum #BinanceSmartChain #Bitcoin #Airdrop #polkadot #MATIC #Polygon $TELE #Cardano #ETH
AUTHOR : CHONTOLMAN
LINK TELEGRAM : https://t.me/CHONTOLMAN
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