Credefi Employs NFT Technology
Credefi aims to bridge the gap between the crypto world and the traditional finance sector.
Up until now Credefi have shown and disclosed how we are going to disrupt the current financial services offered to SMEs and the DeFi solutions offered to crypto liquidity providers, by creating a platform which is going to be secure for them and easily accessible. Credefi brings to the space the necessary stable and predictable APYs which can hedge from the crypto volatility. Today Credefi are introducing their own unique approach to NFTs and traditional financial instruments which were used and accessible only to financial experts before.
Credefi have created a derivative instrument designed to even further secure your investments in the platform and create a secondary market for your asset backed lending. It is designed for all participants in the platform who wish to hedge their lending activity against credit defaults, hence allowing them to take riskier positions in both portfolios or on an individual basis.
Credefi will have multiple pools and thousands of deals. So eventually there would be dozens of PxLP tokens and thousands of DxLP tokens. Each of those tokens has a current value, based on the funding provided.
XxLP token holders will have the option to bundle (one or multiple) tokens for various amounts in a NFT Default Swap (NDS). After the user selects the bundle of tokens, the user can choose the strike date of the NDS. Based on the chosen date and bundle of tokens the Credefi platform will define a future discounted price of the NDS (always lower than the current price). After that the user has the option to sell the NDS (in full or fractions of it) on a secondary market. Such secondary markets can be chosen entirely by the issuer of the NDS (e.g. OpenSea).
NDS underlying token value re-evaluation. Each NDS represents a bundle of XxLP tokens. In return each XxLP token represents a fraction of a bundle of loans or just a fraction of an individual P2P loan.
Credefi revolutionizes the trading game by combining the power of blockchain and DeFi, together with the power of traditional finance masterclass trading. Having the option to harness the full potential of hedging in the crypto universe is what Credefi revolutionizes with this development.
Credefi is proud to be a first-mover in the industry, therefore it continues to develop products suitable for investors and traders of diverse skill sets and backgrounds.
ABOUT Credefi
Credefi is a first mover in the DeFi space connecting crypto lenders and SME borrowers from the real economy. Credefi’s platform enables decentralized and secured lending to portfolios of business projects or individual companies, protecting lenders while providing them fixed APY.
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