TiFi Token

San Francisco, November 9, 2022. The TiFi TeamSamuel Zhou,the CEO of TiFi Token, announced TiFi will launch Crypto Loan in TiFi Bank at the AMA meeting hosted on November 9, 2022. And the launching date is November 15, 2022. <img src="https://academy-public.coinmarketcap.com/srd-optimized-uploads/074b7cef19874d83ac78977a4011825e.jpg" /> Financial Benefits from TiFi Bank Crypto LoanCrypto loan is a fundamental feature that empowers crypto users, investors and projects. It makes TiFi Bank a DFP(Decentralized Financial Platform) with full feature set. Although crypto loan is an essential feature like the loan service provided by traditional banks, only a couple of crypto projects like AAVE, Compound offers crypto loans. Now TiFi has joint this party.TiFi Allverse will benefit from crypto loans and helps everyone onboarding e-commerce applications. For online-shopping customers, they can only use a few of cryptos like Bitcoin, Ethereum or stable coins as payment method, it requires people to sell the tokens at hand and lose the future opportunities of owning these tokens. Here are the main benefits of TiFi Bank crypto loan:<ol><li>Fast loan: get the loan right after you provide the collateral.</li><li>No Credit Check: no matter what is your credit score in real-world or other platform, TiFi Bank require credit check, everyone can get loan.</li><li>No time constraints: borrows can hold the asset as long as they want, lender can withdraw at any time as long as there are sufficient asset in the pool.</li><li>No amount constraints: borrowers can borrow any amount of values as long as they provide enough collateral and there are sufficient asset in the pool. And lenders can provide any amount of assets to earn interest. </li></ol><img src="https://academy-public.coinmarketcap.com/srd-optimized-uploads/6bdcf1456bd4456fac0759ad2e07b0cc.png" /> By leveraging the crypto loans feature of TiFi Bank, people can get platform supported cryptos to make payments, while using TiFi token or/and other cryptos as collateral. As long as they repay part of loans, or the collateral value arises, they can borrow more cryptos, or withdraw a part or all collateral. <img src="https://academy-public.coinmarketcap.com/srd-optimized-uploads/387342450adf40119ca435b91588ef1d.png" />TiFi Bank crypto loans can also help business and investors. For example, start-ups can raise fund by providing tokens as collateral, and borrow the stable coins or other cryptos for marketing, CEX listings and pay employee salary and contractors.For investors, you can get stable coins or WBNB to invest high potential tokens, while using TIFI or/and other cryptos as collateral. You can get the collateral back once you payback the stable coins or WBNB you have borrowed.TiFi Bank crypto loans can also help you to minimize the risk of the wild world of crypto especially in the uncertain market. For example, you feel it is risk to buy BNB at this time and want to keep USDT at hand, you can lend USDT and borrow BNB. If BNB drops, you can just repay the BNB plus interests and get the original USDT back (also earn interests at the same time!). How does TiFi Bank Crypto Loan workAs Samuel mentioned in the last AMA, the workflow of TiFi Bank Crypto Loan is designed as below: <img src="https://academy-public.coinmarketcap.com/srd-optimized-uploads/559b4a7fbb2c408c9af51cdaa8bfcf79.png" />Above workflow maps to 4 activities in crypto loan:Deposit: Lending crypto asset, and gain lending interest.Borrow: Borrow crypto asset.Repay: Repay crypto asset and borrow interest.Withdraw: withdraw the assets you lent along with lending interest. <img src="https://academy-public.coinmarketcap.com/srd-optimized-uploads/1315fb8ca286411dabca697130024353.png" />Each cryptocurrency has its own asset pool, TiFi Bank will provide 4 asset pools for the following 4 cryptos: WBNB, TIFI, USDT and BUSD.The amount of the loan users can borrow depends on LTV (Loan-to-value), which has the same definition from traditional loans. <img src="https://academy-public.coinmarketcap.com/srd-optimized-uploads/256c7139c29e4a37b2b3f3df9277be01.png" />The interests amount paid to borrows are strictly equal to the earning interests amount paid to lenders. <img src="https://academy-public.coinmarketcap.com/srd-optimized-uploads/fd6706e7936e43409d7cdbc4206f2293.png" />Here is an example, a borrower borrows 40 BUSD and paid 2 BUSD (2/40 &#61; 5% is the borrow interest)as interest amount, and the 2 BUSD goes to the lender who lent 100 BUSD (2/100 &#61; 2% is the lending interest). <img src="https://academy-public.coinmarketcap.com/srd-optimized-uploads/3fc7cc7480594d808d774e526ed365b6.png" />The borrow interest rate is determined by BIM(Borrow Interest Model) for each asset pool, BIM defines the function to represent the relationship between utilization rate and borrow interest rate: <img src="https://academy-public.coinmarketcap.com/srd-optimized-uploads/feaef3c021b34d5a906491d216571efd.png" />In TiFi Bank, different type of asset pool has different set of parameters mentioned in above image: <img src="https://academy-public.coinmarketcap.com/srd-optimized-uploads/473507cca8df4fdfa2fac86e0203712d.png" />To learn more about TiFi visit: https://tifi.net/

TiFi Announced Releasing Crypto Loan

TiFi_Token

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