Kulfi Finance Launches a Governance Token and a Fixed Rate Cardano Lending Protocol

Kulfi Finance Launches a Governance Token and a Fixed Rate Cardano Lending Protocol

Decentralized lending and borrowing platform Kulfi Finance announced the launch of its platform on the Cardano blockchain. Kulfi V1 will provide a fixed rate/term lending and borrowing protocol on the Cardano once it is launched. Notably, the release marks an important turning point in the development of Cardano blockchain technology by introducing decentralized finance (DeFi) primitives to the network. Users will now be able to lend and borrow cryptocurrency assets with confidence.

Administration and Kulfi Token

The Kulfi Finance token (KLSmain )'s application is as the platform's governing system. The Kulfi Finance team will "offer analysis and parameter recommendations" after the initial launch. However, the team will step back when the product matures and is adopted. As a result, KLS token owners will be able to propose, approve, and implement improvements to the Kulfi crypto ecosystem. One vote is represented by a single KLS token. As a result, the ability to influence a vote increases with the number of KLS tokens one owns.

The fixed price for the KLS tokens during the Pre Seed Sale is 1 ADA = 200 KLS tokens.

KLS token can be purchased by interested parties by visiting https://kulfifinance.io/buy.

KLS Token Economics and Utilities

recommending and assessing protocol improvements

Grant for Kulfi Borrowers' Access

new collateral kinds onboarding

establishing liquidity fees

triggering new maturities to lend and borrow various assets

KLS tokens can be used to pay transaction costs within the Kulfi Ecosystem.

Owners of KLS receive a portion of fees collected within the Kulfi Ecosystem.

KLS tokens can be used to repay loans.

KLS is deflationary since there are only 1 billion tokens available. Compared to standard trading pairs, KLS can be used to purchase NFTs and cryptocurrencies at a discount. Additionally, the Kulfi Lending protocol accepts the currency $KLS as collateral.

Protocol Kulfi Fixed Rate

Kulfi Finance customers have the option of receiving fixed-term interest rates on their loans. Borrowers must first deposit money as collateral. Mint negative wTokens after that. Negative wTokens tokens represent the amount borrowed as well as the maturity date that has been selected for payback. Borrowers may now sell or exchange their negative wTokens tokens for cryptocurrencies.

On Kulfi Finance, users can lend extra money to the portfolio. As a result, lenders will buy positive wTokens assets that will later be valued greater than their initial deposit. The positive wTokens "matures" with time and, once fully mature, can be redeemed for money.

Take part in the pre-seed sale of KLS Tokens.

Pre Seed Round f for Kulfi Token is presently open to early buyers. This is the first and only chance for the general public to get early access to buy Kulfi tokens for 0.005 ADA per token.

Interest participants can follow the link to purchase KLS token at a fair price: https://kulfifinance.io/buy

Learn more on Kulfi Finance