Kulfi Finance launches DEFI protocol to allow users to lend and borrow crypto at fixed rates

Kulfi Finance’s protocol will facilitate the lending and borrowing of fixed-rate, fixed-term crypto assets through a new financial instrument called wTokens. wTokens are essentially described as transferable tokens that, at some point in the future, represent a claim on a positive or negative cash flow.

The liquidity pools on Kulfi Finance are capitalized by liquidity providers who contribute pTokens (Principal tokens) which are in fact interest-bearing assets. These pTokens are used within Kulfi to provide liquidity providers with better returns. Liquidity providers, acting as counterparties to active lenders and borrowers on the protocol, essentially provide liquidity to the liquidity pools and in exchange, they earn commissions each time a lender or borrower transacts.

Lenders and borrowers benefit from fixed interest rates on Kulfi. These remain fixed throughout the term, which is not the case on many platforms – those which can sometimes offer stable rates but only with a premium – and often change the rates when market conditions change.

Features of Kulfi Finance

According to an announcement made today by Product Manager Kulfi Brian Jackson, “Kulfi provides low-cost and efficient liquidity by allowing owners of specific cryptocurrencies to borrow other related assets without selling the coins.” The deposited funds will provide the Kulfi platform with necessary liquidity, while users will receive interest on their holdings. Kulfi Finance is a noncustodial money market protocol that offers various interest rate products on the Cardano blockchain, including fixed and variable interest rate loans. While variable loan products depend on supply and demand, cross loans and instant loans to determine interest rates, the fixed loan product is based on the concept of a zero coupon bond.

Kulfi Token (KLS) and governance

KLS is a Cardano token that governs the Kulfi protocol. KLS holders can propose, vote on, and implement changes to Kulfi system settings and smart contracts. Each KLS holder gets one vote per KLS they hold. Verify KLS token on Pool.pm

KLS holders will be responsible for managing the Kulfi on-chain cash, setting risk and collateral parameters, and voting on any Kulfi smart contract upgrade proposals. The $KLS token can be used for “access to the Kulfi liquidity pool for variable borrowers”, “governance voting”, and “staking”.

Interested investors wishing to get into the pre-seed and acquire $KLS tokens at Pre-seeding tower before the exchange list can do so by clicking on the link below.


Kulfi Token (KLS) Token Utilities and Tokenomics

Propose and evaluate changes to the protocol
Access Grant for Kulfi Borrowers
Incorporate new types of collateral and set liquidity fees
Activate new maturities to lend and borrow different assets
Transaction fees within the Kulfi ecosystem can be paid using KLS tokens
KLS holders earn a percentage of fees paid within the Kulfi ecosystem
Loan repayment can be done with KLS token

Everything is clear with the governance attributes of the KLS token on the protocol white paper. KLS supply is limited to 1 billion tokens, which makes it deflationary. KLS can be used to purchase NFTs and cryptocurrencies at a discount to regular trading pairs. $KLS can also be used as a collateral currency for the Kulfi Lending protocol.

70 million KLS tokens have been made available for the Kulfi Pre Seed Round.

Take part in the KLS token presale

Kulfi Token is currently activated Pre-sale of seeds for early buyers, this is the first and limited opportunity for the public to get exclusive early access to purchase the Kulfi token at 1 ADA = 200 KLS tokens.

Interested participants can follow the link to buy a KLS token at a fair price – https://kulfifinance.io/buy

Kulfi Technology

“The initiative allows fixed-rate loans by lenders and fixed-rate, fixed-term borrowings by borrowers. Kulfi Finance aims to serve as the ecosystem liquidity gateway for Cardano DeFi through the use of simplified user interfaces and reduced collateral requirements,” Kulfi Finance said in a statement. Kulfi Dapp users do not need to go through standard identification procedures such as Know Your Customer or KYC processes giving users complete anonymity.

Kulfi enables fixed rate loans with a financial primitive called wToken. wTokens are transferable tokens defined by a currency type and an expiry date. At maturity, the wToken is redeemable for its underlying currency type on the Kulfi wallet. wToken allows lenders and borrowers to define and exchange cash flows at specific dates in the future. Read the moiré on the features of wToken.

Currently, Kulfi offers five main services: borrowing, lending, staking, liquidity providers, core tokens, and non-fungible tokens (NFTs).

Learn more about Kulfi Finance

Join KLS Pre Seed: https://kulfifinance.io/buy
Website: https://kulfifinance.io
Twitter: https://twitter.com/kulfi_finance
Telegram: https://t.me/+rphyUBMegsU3ZTI0
Discord: https://discord.gg/fzsa8ynF97
Instagram: https://www.instagram.com/Kulfi_finance/
Medium: https://medium.com/@Kulfi_finance
Gitbook: https://kulfi.gitbook.io/kulfi-finance-3/

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