One of the world’s leading blockchain platforms of decentralized finance, Tezos, has announced that it would collaborate with DeFi platform EQIFI to roll out lending and yield products.
One of the greatest assets of Tezos, according to EQIFI, is its versatile on-chain governance, its proof of stake consensus mechanism, and its community of passionate developers. That is why EQIFI is optimistic that its partnership with Tezos will be a big success. Also, the DeFi platform is set to roll out staking and borrowing service to its wide customer base.
“A product offering with an industry leader such as Tezos signifies the bar EQIFI is setting in the DeFi space. Providing exposure to Tezos holders for staking and borrowing is just the next step in positioning EQIFI to become an industry leader,” Jason Blick, EQIFI chairman, said.
Combined expertise
EQIFI is supported by one of the world’s top licensed and regulated banks known as EQIBank. It is decentrally governed by the owners of its staking token called EQX token.
Tezos, on the other hand, is a first layer-on, proof-of-stake, smart-contract compatible blockchains. Its system has already logged millions of transactions while providing versatile support for various products such as NFTs, DAOs, DeFi, and other applications.
Tezos’ capabilities
Tezos is one of the rising names in the field of decentralized finance and has already partnered with various companies to expand its services and prove its advanced capabilities.
And recently, it was picked by three Swiss banks, namely Inacta, InCore Bank, and Crypto Finance Group to create on-chain products. Tezos is becoming the go-to company when it comes to creating these products because of its impressive track record in decentralized financing services.
InCore recently has expressed its interest to roll out staking, trading, and storage services for Tezos to further boost both of their platforms.
Image courtesy of Cointelegraph News/YouTube
Source: https://bitcoinerx.com/blockchain/tezos-partners-with-eqifi-for-a-new-revolutionary-service/
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