- What is TeleFy?
TeleFy, in a nutshell, brings in a way to associate trustless tele score i.e, credit score for every wallet. The Tele-Score services come along with the Telefy platform determines the creditworthiness of each wallet and produces the most appropriate interest rates for the users who are availing the benefits of a lending pool. Based on the holds in the wallet and the transactions performed by the users, the Tele-Score gets impacted and so at any point in time, users could pay the interest that suits most for the lending they opted in.
Tele-Score will be published as a microservice, which is open-source and can be leveraged by any exchanges or users who are interested to consume this service. Tele Score can be a transformational service that can change the way of most of the DEFI solutions that are in the market today, by distinguishing users into multiple categories based on their date of joining the DEFI chain and other credentials.
- Features
TELE SWAP Tele Swap is a multi-chain protocol that allows users to swap coins, adding liquidity using AMM (Automated Market Maker). TELE LEND
TELE LEND Tele Lend is a multi-chain and automated lending protocol that allows users to lend or borrow using Tele Score.
This was made easy for everyone participating in the site because it's allow you to lend or borrow with the eligible and validity of your Tele score
TELE SCORE Tele Score is a multi-chain programmable protocol for effectively calculating the credit worthiness of users, based on their holdings, transaction history and few other relevant parameters. This are score earn by your interaction and commitment with the usage of the app
TELE PAD Tele PAD is multi-chain model supports initial DEX offering (IDO) for the users who have TELE Coin stake. This will capture all as the benefits of all and to help guild any participants that currently moving and
TELE NFT Tele NFT is multi-chain NFT marketplace where you can buy or sell NFT. Tele NFT protocol fees will be distributed to the users who staked TELE.
Do to the uniqueness of NFT Tele is ready to make it's worth it by creating a sub site where NFT project can be done, minting , selling and also creating yours and list it for buyer.
Conclusion
As of Today, most of the DEFI solutions are working on Lending Pool (LP). The interest rate is either flat (20%) or a highly dynamic one based on the utilization ratio. Also, the users who are holding or trading coins in DEFI are not benefitted by any credits. In addition, platforms that are existing today offers any one of the crypto solutions such as DEX, LP, NFT and Launch Pad but, not all of them.
For More Information :
Website. https://telefy.finance/
Whitepaper. https://telefy.finance/assets/Telefy-whitepaper.pdf
Telegram. https://t.me/telefydefi
Twitter. https://twitter.com/TelefyConnect
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