TELEFY IS THE WORLD FIRST CREDIT SCORE ORIENTED MULTI CHAIN DEFI SOLUTION

4 min readMar 13, 2022

INTRODUCTION

Discovering a one stop result that can be used for dynamic block chain models is delicate in the space of Decentralized Finance (DEFI). Current market capital for DEFI is over USD 150 Billion and there are implicit openings for DEFI market hitting sky-high position of growth sooner. Estimated average DEX volume per month is varied in the diapason of 70B USD to 165B USD in the 2021 which assures significant vault of growth in the forthcoming times. Market capital of UniSwap and Aave are around USD15.8 B and USD 3B independently, as of Jan 2022. As DEFI is an arising and flawless working technology for numerous fiscal results and of course significantly helps to get relieve of third parties and brokerages involved in the heritage models. Still, lack of knowledge in gathering the credit worthiness of the users using this platform, potentially leads the end users paying up unhappy interest rates. Utmost of the DEFI results are working or Lending Pool (LP). The interest rate is either flat 20 percent or a largely dynamic one grounded on the application rate. Also, the costumers who are holding or trading coins in DEFI aren’t advantaged by any credits. In addition, platforms that are being moment offers any one of the crypto results similar as DEX, LP, NFT and Launch Pad but, not all of them.

The one platform, Telefy is designed to the multi-chain DEX, lending, NFT, Tele-Pad and Tele-Scoring results to induce inconceivable openings and market capital that’s beyond prospects. The crucial ideal behind Telefy is to bring multiple DEX, Lending, Launchpads, NFT with Tele Score enabled results across colorful block chains and by which empowering DEFI market and induce openings to earn profit out of it. TeleFy has been designed in a way to brings associate unsure tele score and credit score for every portmanteau. The Tele- Score services come on with the Telefy platform determines the credit worthiness of each portmanteau and produces most applicable interest rates for the costumers who are serving the benefits of advancing pool. Grounded on the holds in the portmanteau and the deals performed by the users the Tele- Score gets impacted and so at any point in time, costumers could pay the interest that suits utmost for the lending they decided in. Tele- Score will be published as a micro service, which is an open- source and can be used 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 utmost of the DEFI results that are in the market at the moment, by distinguishing costumers into multiple orders grounded on their date of joining to the DEFI chain and other credentials.

TELEFY KEY FEATURES

Telefy will be the one stop project for multiple blockchains including DEX, Lending, Launch PAD and NFT. Telefy platform has the following protocols:

TELE EXCHANGE

Tele Exchange is a multi-chain protocol that allows costumers to change coins, adding liquidity using AMM (Automated Market Maker).

TELE NFT

Tele NFT is multi-chain NFT business where users can buy or vend NFT. Tele NFT protocol freights will be distributed to the costumers who staked TELE.

TELE PAD

Tele PAD is multi-chain model supports original DEX (IDO) for the costumers who have TELE Coin stake.

TELE SCORE

Tele Score is a multi-chain programmable protocol for effectively calculating the credit worthiness of its costumers, grounded on their effects, sale history and many other applicable parameters.

TELE LEND

Tele Advance is amulti-chain and robotic lending protocol that allows costumers to advance or adopt using Tele score

TOKENOMICS

TELE is an authenticated governance token that will be used in Telefy when costumers of Telefy want to share in polling for the perpetration of any changes or additions to the protocols being used in the platform. TELE is a governance coin for Telefy where costumers can share in voting for any changes or new additions to the protocol.

USE OF TELE TOKEN

TELE token can be used for Voting Power for Telefy Governance.

TELE can be earned for staking TEL-LP token

TELE can be used for Lending token by holding/ staking

TELE coins costumers can share in TELE PAD IDO’s by staking TELE coins

TELE STAKING

Costumers are provisioned to stake TEL-LP token to earn TELE coins. Interest chance will get calculated grounded on the liquidity pool. Ideal is to make the Exchange protocol ultimately available in multiple block chains. TELE Exchange beta is presently available on Ethereum Smart Chain (ETH) and development is in progress for making the TELE Exchange available on Binance Smart Chain (BSC) and enabling TELE Exchange protocol on further block chains similar as Cardano, Matic and PolkaDot.

For more information visit the following links, please.

Important Links

Website: https://telefy.finance

Telegram: https://t.me/telefydefi

Facebook: https://www.facebook.com/Telefy-104998872116794

Twitter: https://twitter.com/TelefyConnect

Litepaper: https://telefy.finance/assets/Telefy-whitepaper.pdf

Telegram: https://www.instagram.com/telefy_tele/

Reddit: https://www.reddit.com/r/Telefy_Defi

My (Author) Information

Forum Username: Senialayl

Forum Profile Link: https://bitcointalk.org/index.php?action=profile;u=2303414