Kulfi Finance is the first Cardano fixed-rate money market. At launch, vaults will be dedicated to stable-asset and pegged-asset pairs, with additional vaults added in the future. Louis Ryman, Chief technical officer at Kulfi, stated “By building upon Cardano, Kulfi has created a simple way for crypto users to access the benefits of fixed rate money market.” Kulfi finance facilitates fixed-rate lending, borrowing of Cardano native assets at fixed rates / Terms through an innovative financial primitive called wTokens. Fixed-rate financing touches all the edges of the modern financial markets. Kulfi technology will provide the ability to crypto users with a way to stable financing. Kulfi protocol is a first of its kind built on Cardano, along with its Yield Protocol. Fixed lending/borrow rates are a crucial element of the traditional financial system, allowing businesses and individuals to better plan their future finances. In the crypto space, however, variable rates are the norm; these fluctuating rates make it difficult to compare protocols and use DeFi (Decentralized Finance) for real-world applications. “In order to plan for the long-term, to borrow money for a house or car, people need to know what their costs will be – they need fixed rates” Manolis Kyriacou, Kulfi advisor stated on LinkedIn. Why Fixed Rate is Important in DEFI Most money market protocols on DEFI offer a variable rate which the interest rate i...
Tether Treasury Mints $1 Billion in $USDT
