Even those who are most doubtful about cryptocurrency’s emergence will certainly concede that the underlying blockchain technology and its future applications are compelling. Decentralized finance, or DeFi, is one application of this technology that is rapidly expanding. Decentralized finance quickly gains appeal as a more secure, accessible, and cost-effective alternative to traditional financial operations. DeFi, driven by blockchain technology, is described as financial solutions based on blockchain technologies that often use smart contracts. Smart contracts are automated legal agreements that do not require the involvement of a middleman and can be accessed by anybody with an internet connection. However, DeFi is quite difficult to use. The user experience is highly complicated and knowing how to interact with different DeFi protocols is not something everyone can master. Here Telefy – a credit score oriented one-stop solution for many DeFi current problems comes to the rescue.
Telefy is a credit score oriented decentralized multi-chain finance and NFT marketplace for all crypto enthusiasts, which creates a fantastic opportunity for its users to participate in all DeFi products available on Telefy. They have created groundbreaking products like DEX, Tele PAD, and TELE Score, IDO launchpad for their users with easy options of staking their assets. The company focuses on driving innovation that delivers a better user experience and empowers the next generation of electronic payments.
Telefy has the vision to provide credit score for every wallet that connects Telefy to validate the credit worthiness to calculate the APY in Lending platforms. It also brings a one-stop solution for many DeFi current problems, such as lack of creditworthiness, locked liquidity, lack of diversification, unstable yield, and personal security. The platform allows users to lock their funds in their smart contracts. They can then lend, borrow using Tele score, or let their funds accrue value through different financial mechanisms.
From Tele Swap, where users can swap coins, adding liquidity using AMM (Automated market maker) to Tele NFT, a multi-chain NFT marketplace where users can buy or sell NFT, the team of Telefy has created one-of-a-kind products to revolutionize the DeFi industry. Telefy offers an easy and powerful way to hold the crypto assets and has just started their massive 5M airdrops bounty campaign.
Telefy is about to unveil trustless system to provide Tele score for every wallet to evaluate the credit worthiness to determine the APY for every user in their Tele Lend platform. Also the Tele score public API is going to available for free so it gives an opportunity for every lending platform to provide APY using their Tele Score instead of just Lending pool utilization.
They have a unique surprise in store for their community, including a new method to finance projects, a new way to stake, and an entirely new experience that will transition people from profit to something greater. In addition, they specialize in providing their users a unique strategy from inspiration to execution through their market-leading advising, investment, development, and legal support services.
It provides users with a fully integrated experience by removing the friction associated with the current platforms. Users can execute to earn, resulting in a long-term environment in which new traders can learn more about the activities that drive the market. Head over to their website https://telefy.finance/ to uncover its potential.
Media ContactCompany Name: Telefy Technologies Private LimitedContact Person: Barath KumarEmail: Send EmailCountry: IndiaWebsite: https://telefy.finance/
