NY, USA, 18th Nov 2021, ZEXPRWIRE, In recent years, decentralized Finance (Defi) has attracted a lot of interest from investors in the cryptocurrency industry.
Defi has a market capitalization of around $200 billion as of November 2021 trading report. However, Defi is still in its early years and facing two major issues, including high transaction costs and a large carbon footprint on the environment as a result of excessive network energy usage. The advent of environmentally beneficial and cost-effective blockchain technology is imminent.
Energyfi has been able to overcome this issue by creating a blockchain-based All-in-One DeFi platform on Binance Smart Chain, Energy Web Chain, Avalanche and Near (Aurora).
Energyfi is an ambitious project aimed at providing mass adoption to Green Blockchain. It is designed to go beyond the financial sector, which currently dominates the industry with Defi-based platforms like Uniswap, Pancakeswap, Aave and Unicrypt.
The Energyfi platform includes a variety of capabilities, all intended to help consumers utilize Green networks and create a sustainable Decentralized Finance. Cross-chain Launchpad, Dex, Staking/Farming, and Lending features are included.
Let's take a detailed look at the features of the Energyfi Platform.
EnergyPad is a crosschain, permissionless and rug pull-proof ILO* platform. *(a kind of ICO)
It will support BSC, EWC, AVAX, and NEAR mainnets.
By using EnergyPad, project developers and investors alike will experience a user-friendly interface with a multitude of features.
EnergyPad is designed to bring mass adoption to green networks.
The token locker system on EnergyPad makes it easier for developers to manage their tokenomics and simplify the explanation of different token locks for investors.
Energyfi's goal is to make Defi more popular. Defi should be as straightforward as possible, and investors should not be afraid to get involved. Energyfi offers a user-friendly dApp and aims to facilitate Energyfi's dApp adoption.
EnergySwap is the decentralized exchange of the Energyfi ecosystem.
On EnergiSwap, users will be able to trade their tokens quickly and cheaply while reducing their carbon footprint.
There are many decentralized exchanges in the industry, but Energyfi's DEX is distinctive because of its green network interoperability features. It will be the first decentralized exchange that focuses on green networks. The platform will integrate Energy Web Chain (EWC), Avalanche (Avax), and Near Protocol (Near).
The team will provide a DEX UI with easy-to-use features. It also provides a real-time order book and displays the prices of tokens in their native currency. The EnergyPad ILO tokens will also be automatically listed on EnergySwap DEX.
EnergySwap also focuses on rewarding liquidity providers in order to set itself apart from the competition. Rewarding LPs has been a crucial element in the adoption of DEXs in recent history. As a result, EnergySwap's liquidity providers will be compensated at a rate of 0.6% per transaction (compared to PancakeSwap's 0.3%).
Energyfi's savings protocol will allow users to Farm EFI tokens and earn rewards by providing liquidity in designated pools or Stake EFI and earn a portion of the swap fees in proportion to their share in the staking contract. EnergySave, a new way to earn passive income.
The Defi includes the ability to borrow and lend cryptocurrencies, which is a crucial element of the system. The Energyfi All-In-One platform would be incomplete without the ability for its customers to loan and borrow cryptocurrencies.
Users will have the option of loaning cryptocurrencies and earning interest or borrowing cryptocurrencies and paying interest over time, based on their preferences. EnergyLend is a quick, safe, and energy-efficient lending/borrowing platform that tries to help users that way.
The Energyfi ecosystem is made up of these few significant components. EFi, the native token of Energyfi, will be used as a utility token to power the whole system.
Energyfi (EFI) Token
The EnergyFi EFI token will have a variety of use-cases, such as governance and platform utility. In order to utilize some of the Energyfi services, you'll need to hold an EFI token. In other words, EFI, the Energyfi's native token, is well integrated into the suite of dApp offered by EnergyFi. It has a direct use and several application possibilities for its related products: EnergyPad, EnergySwap, EnergySave, EnergyLend, and many more.
The EFI token has a total supply of just 210M and is distributed in such way:
ILO: 100M (30M EFI for Liquidity which are locked two years)
Private sale: 20M (Locked 45 days)
Farming: 60M (Locked until the release of EnergySave)
Treasury: 30M (Locked up to 1 year)
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