Telefy: Score Oriented Multi chain DEFI Solution
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.
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Telefy 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 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 programmable protocol for effectively calculating the creditworthiness of users, based on their holdings, transaction history, and a few other relevant parameters.
TELE PAD
Tele PAD is a multi-chain model that supports initial DEX offering (IDO) for the users who have TELE Coin stak. Tele launch PAD will be available in Telefy to run any IDOs. This launch PAD is a multi-cross chain and hence users who stake TELE coins can participate in IDO. IDO launch PAD projects will be evaluated strictly based on different parameters and by the Telefy team. Tele score will be determined and shared before the IDO goes live. 10% protocol fees will be collected by launchpad and will get distributed to the users who staked TELE coins. Tele PAD will run the IDO launches in Ethereum, Binance, Matic, PolkaDot, Cardano, Solana, etc.
TELE NFT
Tele NFT is a multi-chain NFT marketplace where you can buy or sell NFT. Tele NFT protocol fees will be distributed to the users who staked TELE. Telefy will launch its own NFT marketplace where you can buy or sell NFT. Tele Score will be calculated for the traders who trade in the Tele NFT platform as well. Tele NFT protocol charges 0.27% fees which will be distributed to the users who staked TELE coinsNFT marketplace will be available in TeleFy in multiple blockchains which includes Ethereum, Binance, Matic, PolkaDot, Cardano, Solana, etc.
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
Author by: honeydarmali06