To fulfill the “decentralized” part of the Trava Decentralized Marketplace, they launched Trava Governance to give users decision-making power. In this case, veTRAVA represents this power in the Trava ecosystem. The voting power will be determined by the time and amount of locked tokens as it shows your commitment toward the future of Trava Finance. As Trava Launches veTrava Marketplace.

Whenever users lock their $TRAVA, $rTRAVA, and TRAVA/BNB liquidity pair in the Trava ecosystem for a specific period, they will receive a certain amount of veTRAVA corresponding to their locked time and amount. The more veTRAVA you own, the higher your voting power in the Trava ecosystem.

The Benefits Of veTRAVA

As mentioned above, veTRAVA is a representative of the users’ voting power in the Trava Finance ecosystem, which means that the more veTRAVA users hold, the more significant their votes are. Moreover, in the long term, the owners of veTRAVA will have some privileges:

• Deciding on crucial parameters such as LTV, risk parameters, etc., in the lending pools (Trava Lending Pool and Users-owned Pools).
• Receiving share profit coming from the fee charged by borrowers
• Receiving boosting rewards in rTRAVA by providing liquidity and holding veTRAVA at the same time.
• Earning TRAVA reward: the APR will be revealed soon.

veTRAVA Marketplace: Overview

In veTRAVA Marketplace, users can utilize veTRAVA as a form of NFTs. This indicates that users can buy and sell veTRAVA on the veTRAVA Marketplace. In other words, veTRAVA Marketplace is a platform for users to trade voting power with each other. Moreover, veTRAVA Marketplace is established with the aim of averting the poor liquidity risk.

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About Trava Finance

Trava Finance is the world’s first decentralized marketplace for cross-chain lending. While existing approaches provide only one or a few lending pools with their own parameters, such as borrow/supply interest rate, liquidation threshold, Loan-to-Value ratio, or a limited list of exchangeable cryptocurrencies, TRAVA offers a flexible mechanism in which users can create and manage their own lending pools to start a lending business.

Website | Twitter 

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Trava Finance is a decentralized marketplace for cross-chain lending, providing a flexible mechanism with which users are able to establish and control their own lending pools to start their lending business.

To assist in ensuring prices reflect global market situations and maintain high security for the lending pool, Trava Finance uses NEST Oracle Model to help verify the pricing of assets in the protocol. Trava Finance demands utilizing a decentralized oracle to obtain price data off-chain and on-chain verification.

With the cooperation between Trava Finance and NEST protocol, users will receive a strong guarantee that the pricing of assets is supported by a decentralized foundation provided by NEST.

NEST protocol and price model consist of critical attributes such as:

• Accuracy: Reflect the real market price
• Stable: Stabilized price information reduces risks
• Anti-attack: High cost to temper the price

The native digital cryptographically-secured fungible token of TRAVA.FINANCE (Trava token) is a transferable representation of attributed governance and utility functions specified in the protocol/code of TRAVA.FINANCE design solely as an interoperable utility token on the platform. Trava token deploys on Binance Smart Chain’s BEP20 standard.

ABOUT TRAVA FINANCE

Trava Finance is the world’s first decentralized marketplace for cross-chain lending. While existing approaches provide only one or a few lending pools with their own parameters such as borrow/supply interest rate, liquidation threshold, Loan-to-Value ratio, or a limited list of exchangeable cryptocurrencies, TRAVA offers a flexible mechanism in which users can create and manage their own lending pools to start a lending business. Trava then enables cross-chain lending with various tokens on Ethereum and other blockchain networks.

Website | Twitter

ABOUT NEST PROTOCOL

Nest Protocol is a decentralized oracle built on Ethereum and powered by the NEST token. The protocol is a distributed price oracle network.

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Dfyn is a multi-chain AMM DEX currently functional on the Polygon network. Dfyn nodes on various chains act as liquidity entry and exit points into the cross-chain liquidity super mesh that enables by Router Protocol. Router Protocol is building a suite of cross-chain infra primitives that aims to enable blockchain interoperability between current and emerging Layer 1 and Layer 2 blockchains.

Furthermore, Router Protocol and Dfyn are a true representation of the potential of cross-chain capable dApps. In order to further augment the extent of their interoperable functionalities and grow the capabilities of Trava Finance.

Trava reveals its latest strategic partnership 

Trava Finance will integrate Router Widget

Router Widget is a completely customizable white-labeled solution. It also offers any dApp the capability to empower its users with the functionality of conducting cross-chain swaps and transfers without leaving the platform.

Moreover, the Router Widget is abstracted from Router Protocol’s cross-chain bridge. Voyager also offers the same functionalities with added features like adding biases and changing the default networks on the bridge. Additionally, with the Router Widget integration, Trava will now offer a more inclusive Web 3.0 experience for its users.

$TRAVA token is now available on the Router App

Router Protocol’s cross-chain bridge, Voyager, offers the unique functionality of any token to any token swaps and transfers. With this partnership, along with all the existing tokens that are currently available, Router Protocol’s users can now swap/transfer assets from integrated networks with $TRAVA.

Dfyn will integrate Trava token health analytics

In 2021, Trava Finance released an index that changed the way Web 3.0 users evaluate the prominence of any Web 3.0 token. And the index was Token Health. Token Health evaluates the creditworthiness and stability of tokens. Trava is the world-first lending platform that provides this index by collecting and aggregating various types of data from blockchain networks. The health of each token is evaluated as a specific value in the range of [0; 1000].

This health index gives users a comprehensive overview of tokens in the cryptocurrency world. It also helps them mitigate risks by providing key insights required for executing profitable trades. With this partnership, the multi-chain DEX Dfyn will also list the Token Health of all the listed tokens, empowering its users with this peerless index of consolidated knowledge.

This three-pronged partnership is a catalyst for the collective growth of Dfyn, Router Protocol and Trava Finance in the cross-chain ecosystem.

By both aiming at the goals of enabling cross-chain strategy, they find that there is much more cooperation potential that brings mutual benefit for both sides. Especially in the future, when Trava Finance and Router protocol can provide totalized cross-chain lending services, users of both protocols can gain the benefit of lending and borrowing assets easily throughout different blockchains.

Moreover, BRicher, a unique aggregator establishes in June by Trava, expects to be practical in aggregating and giving the best investment strategies for ROUTE and DFYN tokens holders.

ABOUT TRAVA FINANCE

Trava Finance is the world’s first decentralized marketplace for cross-chain lending. While existing approaches provide only one or a few lending pools with their own parameters. These will include such borrow/supply interest rates. Liquidation threshold, Loan-to-Value ratio, or a limited list of exchangeable cryptocurrencies. TRAVA offers a flexible mechanism in which users can create and manage their own lending pools to start a lending business.

Website | Twitter

ABOUT Router Protocol

Router Protocol uses a pathfinder algorithm. It is to find the most optimal route to move assets from the source chain to the destination chain. They have abstracted it and made it available in the form of an API.

Website | Twitter 

ABOUT DFyn

Dfyn is a fully decentralized multi-chain protocol. It also relies on automated market makers (AMMs) instead of order books to enable token swaps. As a result, anyone can use the exchange to swap tokens. Also, earn fees by supplying liquidity to various liquidity pools. On low-gas networks like Polygon, Dfyn eliminates gas fees altogether by integrating meta transactions. Dfyn is currently available on Polygon and Fantom. Dfyn will eventually deploy AMM nodes on multiple layer 1 and layer 2 blockchains, thereby acting as a multi-chain DEX. An ultra-fast gasless AMM optimized for the multi-blockchain universe

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RESOURCES

Medium

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These events could be an attempt to manipulate the market by centralized factors, the effort to attack the protocol or other unexpected situations.

Why does Trava need a Security Advisory Board?

In the world of blockchain, the biggest thing is users’ trust in a protocol based on their development potential and strong security.

Although blockchain technology is secure, decentralized, as well as distributed, the risks still remain in many forms, especially in cryptocurrency. In fact, DeFi hacks are on the rise. In addition, digital thieves had a big year in 2021, taking $3.2 billion in cryptocurrencies. As a result, this number is predicted to be even higher in 2022. Additionally, in the first three months of this year, hackers have stolen $1.3 billion from exchanges, platforms, as well as private entities.

For that reason, Trava needs to prepare for unexpected issues. As a long-term vision, Trava will soon implement the Trava Governance and go ahead with building an entire decentralized marketplace where the users are responsible for developing the protocol themselves.

At first, users with voting power will decide on critical terms of the Trava Lending Pool, such as adding or removing assets, changing the risk parameters, etc.

To be more specific, if most governance tokens are in the hand of centralized parties, it would be possible for a governance attack to occur where a centralized entity uses its users’ voting power to take over the governance proposals and voting.

In that case, it is necessary to have a group of people who can solve the problem quickly and effectively enough to prevent the worst scenario and consult reasonable strategies for avoiding the risks.

 Primary roles of SAB

• Firstly, providing quick solutions for unexpected issues relating to the dramatic fluctuation of the market and hacking actions.
• Secondly, recommends the strategy for improving the governance security.

Trava Finance Security Advisory Board

• Mr. Minh Nguyen — CEO & Co-founder of Trava Finance
• Mr. Duc Tran — Head of Security & Co-founder of Trava Finance
• Mr. Thang Nguyen — CTO & Co-founder of Trava Finance
• Mr. Quan Dinh — CPO & Co-founder of Trava Finance
• Mr. Chung Dao — Strategy Advisor of Trava Finance- CEO & Co-founder Oraichain

First, the security advisor board includes five people from the team, as mentioned above. However, in the future, the Trava governance will decide who is in this group, including both people from the Trava Team and community members.

ABOUT Trava Finance
TRAVA is the world’s first decentralized marketplace for cross-chain lending. TRAVA offers a flexible mechanism allowing users to create and manage their own lending pools.

Website | Twitter

RESOURCES
Medium

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