ABSTRACT
The industry offers a wide range of crypto solutions in the field of Decentralized Finance (DEFI), enabled by blockchain technology. However, it is difficult to find a one-stop solution that can be utilized for various blockchain models, which aims to solve many problems related to DEFI. The key aim behind Telefy is to bring multiple DEX, Lending, Launchpads, NFT with Tele Score enabled solutions across multiple blockchains and with that empower the DEFI market and generate opportunities to earn revenue from it.
OPPORTUNITY
The current market cap for DEFI is over USD 150 Billion and there is a potential opportunity for the DEFI market to reach sky-high growth rates more quickly. Estimated average DEX volume per month varies across the spectrum from 70B USD to 165M USD in 2021 (as depicted in the chart below), guaranteeing a significant growth jump in the years to come.
The market capital of UniSwap and Aave was approximately USD 15.8 billion and USD 3 billion, respectively, in the first week of January 2022.
Telefy, with benchmark offerings to markets around multi-chain DEX, lending, NFT, Tele-Pad and Tele-Scoring Solutions, can generate tremendous opportunities and market capital that exceeds expectations.
PROBLEM
DEFI is an emerging technology and works seamlessly for many financial solutions and certainly helps significantly to get rid of third parties and intermediaries involved in legacy models. However, it is observed
lack of knowledge in accumulating creditworthiness of users using this platform, could potentially lead end users to pay inappropriate interest rates.
As of Today, most DEFI solutions are being worked on by Lending Pools (LPs). Flat interest rate (20%)
or very dynamic based on utilization ratio. Also, users holding or trading coins in DEFI are not benefited by any credits. In addition, the current platform offers one of the following:
crypto solutions like DEX, LP, NFT, and Launch Pad But not all of them.
THE SOLUTION
TeleFy, in a nutshell, presents a way of associating without trust a tele score i.e., a credit score for each wallet. The Tele-Score service that comes together with the Telefy platform determines the creditworthiness of each wallet and generates the most suitable interest rates for users who take advantage of the benefits of the loan pool. Based on the hold in the wallet and the transactions made by the affected Tele-Score users and at any time, the users can pay the most suitable interest on the loan of their choice.
Tele-Score will be published as a microservice, which is open-source and can be leveraged by exchanges or users interested in using the service. Tele Score could be a transformational service that could change the way most DEFI solutions exist on the market today, by dividing users into categories based on the date they joined the DEFI chain and other credentials.
Again, reiterating that point, Telefy will be a one stop solution for multiple blockchains including but not limited to DEX, Lending, Launch PAD and NFT
TeleFy FEATURES
TELE SWAP
Tele Swap is a multi-chain protocol that allows users to exchange coins, adding liquidity using AMM (Automated Market Maker).
TELE LEND
Tele Lend is a multi-chain and automated lending protocol that allows users to lend or borrow using Tele Score.
TELE SCORE
Tele Score is a multi-chain protocol that can be programmed to effectively calculate a user's creditworthiness, based on their holdings, transaction history and some other relevant parameters.
TELE PAD
Tele PAD is a multi-chain model that supports initial DEX (IDO) offerings for users who own TELE Coin shares.
TELE NFT
Tele NFT is a multi-chain NFT marketplace where you can buy or sell NFT. Tele NFT protocol fee will be distributed to users who stake TELE.
For More Information:
Website: https://telefy.finance/
Twitter: https://twitter.com/TelefyConnect
Telegram: https://t.me/telefydefi
Facebook: https://www.facebook.com/Telefy-104998872116794
Reddit: https://www.reddit.com/r/Telefy_Defi
Instagram: https://www.instagram.com/telefy_tele/
Author: empangcity
Bitcointalk profile link: https://bitcointalk.org/index.php?action=profile;u=3335009
Telegram Username: @empangcity440348
POA: https://bitcointalk.org/index.php?topic=5386600.msg59356777#msg59356777
ERC Wallet Address: 0x20F7bf33Ed17A8820882d6c5a511Ae46E4336746