Kulfi Finance, A community based project building on Cardano, is the first cardano asset (tokens & NFTs) -to-DeFi Bridge, allowing users to lend and borrow cardano assets loans using approved Cardano Native Tokens & NFTs as collateral. The protocol is maximizing the benefits of Cardano’s eUTXO architecture to create a reliable protocol where cardano assets holders can do more than just trading & holding.


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Kulfi Finance

<div id="content"><div><div><div id="primary"><div><div><div>Kulfi Finance a decentralized lending and borrowing protocol, announced its platform launch on the Cardano blockchain. Upon launch, Kulfi V1 will facilitate a fixed rate / term lending and borrowing protocol on the Cardano.Notably, the release introduces decentralized finance (DeFi) primitives to the network marking a significant milestone in the development of the Cardano blockchain technology. This will allow users to lend and borrow crypto assets with certainty.<figure><img loading="lazy" src="https://crypto.news/app/uploads/2022/09/image-5.png" alt="Kulfi Finance Introduces a Fixed Rate Lending Protocol on Cardano, Launches Governance Token - 1" width="1018" height="679"></figure><h2 id="kulfi-token-and-governance">Kulfi Token and Governance</h2>The primary use case of the Kulfi Finance token ($KLS) is as a governing mechanism of the platform. Following the initial launch, the Kulfi Finance team &ldquo;will provide analysis and parameter recommendations&rdquo;.However, as the project develops and gains adoption, the team will take a step back. In turn, this will allow $KLS token holders to suggest, vote upon, and implement changes within the Kulfi crypto ecosystem. Every $KLS token is representative of one vote. Ergo, the more $KLS tokens one holds the more influence they can have in a vote.The $KLS tokens are available on <a target="_blank" href="https://kulfifinance.io/buy" rel="noopener">Pre Seed Sale</a> at a fixed price of 1 ADA = 200 $KLS tokens.Interested participant can follow the link to purchase $KLS token: <a target="_blank" href="https://kulfifinance.io/buy" rel="noopener">https://kulfifinance.io/buy</a><h2 id="kls-token-utilities-and-tokenomics">$KLS Token Utilities and Tokenomics</h2><ul><li>Proposing and evaluating upgrades to the protocol;</li><li>Access Grant for Kulfi Borrowers;</li><li>On-boarding new collateral types;</li><li>Setting liquidity fees;</li><li>Activating new maturities for lending and borrowing different assets;</li><li>Transaction fees within the Kulfi Ecosystem can be paid using $KLS tokens;</li><li>$KLS holders earns a percentage of fee paid within the Kulfi Ecosystem;</li><li>Loan repayment can be done with $KLS token;</li></ul>The supply of KLS is limited to 1 billion tokens making it deflationary.$KLS can be used to buy NFTs and cryptocurrencies at a discount to regular trading pairs.$KLS can also be used as collateral currency for Kulfi Lending protocol<h2 id="kulfi-fixed-rate-protocol">Kulfi Fixed Rate Protocol</h2>Borrowing on Kulfi Finance: Users on Kulfi Finance can receive fixed-term interest rates on their loans. Firstly, borrowers must deposit funds as collateral. Then, mint negative wTokens. Negative wTokens tokens are representative of the funds borrowed in addition to a chosen maturity date when the repayment is due. At this stage, borrowers can trade and exchange their negative wTokens tokens for cryptocurrency.Lending on Kulfi Finance: Users can lend spare capital to Kulfi portfolio, Accordingly, lenders will purchase positive wTokens assets that yields a higher valuation than their initial deposit at a future date. The positive wTokens &ldquo;matures&rdquo; over time and becomes redeemable for currency upon reaching full maturity.<h2 id="participate-in-kls-token-pre-seed-sale">Participate in $KLS Token Pre Seed Sale</h2>Kulfi Token is currently on <a target="_blank" href="https://kulfifinance.io/buy" rel="noopener">Pre Seed Round</a> for early buyers. This is the first and limited opportunity for the public to gain exclusive early access to purchase Kulfi token at 0.005 ADA per token.Interest participant can follow the link to purchase $KLS token at a fair price: <a target="_blank" href="https://kulfifinance.io/buy" rel="noopener">https://kulfifinance.io/buy</a><h2 id="learn-more-on-kulfi-finance">Learn more on Kulfi Finance</h2></div>Source: https://crypto.news/kulfi-finance-introduces-a-fixed-rate-lending-protocol-on-cardano-launches-governance-token/</div></div><h2>Post navigation</h2></div></div></div></div>

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Kulfi Finance Introduces a Fixed Rate Lending Protocol on Cardano, Launches Governance Token – crypto.news

<div id="content"><div><div><div id="primary"><div><div><div><a target="_blank" href="https://zycrypto.com/wp-content/uploads/2022/09/Kulfi-Finance-Debuts-Governance-Token-and-Launches-a-Fixed-Rate-Lending-Protocol-on-Cardano-1.jpg" data-caption="" rel="noopener"><img fifu-featured="1" width="1200" height="700" data-src="https://zycrypto.com/wp-content/uploads/2022/09/Kulfi-Finance-Debuts-Governance-Token-and-Launches-a-Fixed-Rate-Lending-Protocol-on-Cardano-1.jpg" srcset="https://zycrypto.com/wp-content/uploads/2022/09/Kulfi-Finance-Debuts-Governance-Token-and-Launches-a-Fixed-Rate-Lending-Protocol-on-Cardano-1.jpg 1200w, https://zycrypto.com/wp-content/uploads/2022/09/Kulfi-Finance-Debuts-Governance-Token-and-Launches-a-Fixed-Rate-Lending-Protocol-on-Cardano-1-300x175.jpg 300w, https://zycrypto.com/wp-content/uploads/2022/09/Kulfi-Finance-Debuts-Governance-Token-and-Launches-a-Fixed-Rate-Lending-Protocol-on-Cardano-1-1024x597.jpg 1024w, https://zycrypto.com/wp-content/uploads/2022/09/Kulfi-Finance-Debuts-Governance-Token-and-Launches-a-Fixed-Rate-Lending-Protocol-on-Cardano-1-768x448.jpg 768w" sizes=" 1200px) 100vw, 1200px" alt="" title="" src="https://zycrypto.com/wp-content/uploads/2022/09/Kulfi-Finance-Debuts-Governance-Token-and-Launches-a-Fixed-Rate-Lending-Protocol-on-Cardano-1.jpg"></a>Decentralized lending technology Kulfi Finance launched on Cardano blockchain. Kulfi V1 will enable fixed-rate/term lending and borrowing on Cardano.The release provides DeFi primitives to the DeFi network, marking a milestone in the Cardano blockchain. This will allow users to lend and borrow crypto assets with assurance. Kulfi smart contracts will ease the process and ensure the sustainability of borrowers and lenders.<h2 id="h-kulfi-governance-tokens">Kulfi Governance tokens</h2>Kulfi Finance token (KLS) is the platform&rsquo;s governing mechanism. After launch, the Kulfi Finance staff will analyze and recommend the parameters of the token operations. KLS token holders can then recommend, vote on, and implement changes to the Kulfi crypto ecosystem. Each KLS token votes. More KLS tokens equal more voting power.On pre-sale KLS tokens, the fixed cost is 1 ADA = 200 tokens. Buy KLS tokens at <a target="_blank" href="https://kulfifinance.io/buy" rel="sponsored nofollow noopener">https://kulfifinance.io/buy</a>.KLS Token Utilities and Tokenomics.Evaluating protocol upgradesKulfi Access GrantsKLS tokens pay transaction fees in the Kulfi Ecosystem.KLS holders gain a share of ecosystem fees.KLS token allows loan repayment.KLS&rsquo;s one billion-token supply is deflationary.Kulfi Lending protocol uses $KLS as collateral.Fixed-Rate KulfiKulfi Finance users can get fixed-rate loans. However, borrowers must post collateral. Negative wTokens signify borrowed funds and a repayment deadline. Here, borrowers can trade negative wTokens for cryptocurrency.Users can lend surplus funds to Kulfi Finance. Lenders will buy positive wTokens assets that yield a better valuation than their initial deposit.wTOKENS (Zero-coupon)As the heart of Kulfi&rsquo;s crypto ecosystem, wTokens tokenizes future payments. wTokens also show a deposit of funds plus fixed-rate interest and a repayment date.Pre-seed KLS TokenThis is the public&rsquo;s first and only opportunity to buy Kulfi tokens at 0.005 ADA per token.Kulfi Finance&rsquo;s significanceFixed-rate lending is vital for healthy financial markets because it gives users stability. <a target="_blank" href="https://kulfifinance.io/" rel="sponsored nofollow noopener">Kulfi</a> is trying to bring stability to the DEFI space.</div>Source: https://zycrypto.com/kulfi-finance-debuts-governance-token-and-launches-a-fixed-rate-lending-protocol-on-cardano/</div></div><h2>Post navigation</h2></div></div></div></div>

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

<div readability="118.24481468888">Kulfi Finance is the first Cardano fixed-rate money market. At launch, vaults will be dedicated to stable-asset and pegged-asset pairs, with additional vaults added in the future.&nbsp; <a rel="nofollow noopener" target="_blank" href="https://twitter.com/Rymanlouis">Louis Ryman</a>, Chief technical officer at Kulfi, stated &ldquo;By building upon Cardano, Kulfi has created a simple way for crypto users to access the benefits of the fixed rate money market.&rdquo;Kulfi finance facilitates lending and borrowing of Cardano native assets at fixed rates / Terms through an innovative financial primitive called wTokens. Fixed-rate financing touches all the edges of the modern financial markets. Kulfi technology will provide crypto users with the ability to access stable financing. Kulfi protocol is a first of its kind to be built on Cardano, along with its Yield Protocol. Fixed lending/borrow rates are a crucial element of the traditional financial system, allowing businesses and individuals to better plan their future finances. In the crypto space, however, variable rates are the norm; these fluctuating rates make it difficult to compare protocols and use DeFi (Decentralized Finance) for real-world applications. &ldquo;In order to plan for the long-term, to borrow money for a house or car, people need to know what their costs will be &ndash; they need fixed rates&rdquo; <a rel="nofollow noopener" target="_blank" href="https://www.linkedin.com/in/manolis-kyriacou-84ba0644">Manolis Kyriacou</a>, Kulfi advisor stated on LinkedIn.<h3>Why Fixed Rate is Important in DEFI</h3>Most money market protocols on DEFI offer a variable rate in which the interest rate is usually determined through the supply and demand of the token. When the demand rises, the interest rates go up. When the token supply increases, the interest rate goes down bringing uncertainty to the crypto market, this dilemma produces the need for a fixed-rate/term rate. Kulfi fixed loan product is based on the zero coupon bond concept which pays the full face value on its maturity date, with face value representing how much money the lenders receive on the fixed maturity date. Kulfi finance facilitates borrowers and lenders to agree on a fixed rate of interest. Unfortunately, most lending protocols lack this feature and cannot serve as a stable source of credit. Read Kulfi Whitepaper to learn more about the fixed rate protocol.<h3>Kulfi Governance Token (KLS)</h3>Kulfi ($KLS Token) is the governance token of the Kulfi protocol. It is a Cardano native token that holders can use for proposals, votes, and implementing changes to Kulfi ecosystem parameters and smart contracts. At the heart of kulfi are wTokens tokens (zero coupon tokens).These instruments make the project&rsquo;s fixed-rate system go round, as they constantly and simply keep track of who owes across kulfi stablecoin markets. KLS is a core native utility and governance asset of the Kulfi ecosystem. The KLS token is on <a rel="nofollow noopener" target="_blank" href="https://kulfifinance.io/buy">Pre Seed Round</a> and available at a fixed price; for 1 ADA, an investor can claim 200 KLS tokens. KLS holders will be able to take part in crucial referendums on Kulfi&rsquo;s protocol upgrades.<h3>Kulfi Token (KLS) and Utilities</h3>KLS is a Cardano token that governs the Kulfi protocol. KLS holders can propose, vote on, and implement changes to Kulfi system parameters and smart contracts. Each KLS holder gets one vote per KLS that they hold. Verify KLS token on <a rel="nofollow noopener" target="_blank" href="https://pool.pm/asset1d8u7d0l76pfuy672998rzd94mqv0naxp8r3nkv">Pool.pm</a> KLS holders will be responsible for managing the Kulfi on-chain treasury, setting risk and collateralization parameters, and voting on any proposed upgrades to the Kulfi smart contracts. Here is a short, non-exhaustive list of things KLS holders will need to propose and vote on:Proposing and evaluating upgrades to the protocol Access Grant for Kulfi Borrowers Onboarding new collateral types Setting liquidity fees Activating new maturities for lending and borrowing different assets Transaction fees within the Kulfi Ecosystem can be paid using KLS tokens KLS holders earn a percentage of the fee paid within the Kulfi Ecosystem Loan repayment can be done with KLS token<h3>Borrowing on Kulfi Finance:</h3>Users on Kulfi Finance can receive fixed-term interest rates on their loans. Firstly, borrowers must deposit funds as collateral. Then, mint negative wTokens. The negative wTokens tokens are representative of the funds borrowed in addition to a chosen maturity date when the repayment is due. At this stage, borrowers can trade and exchange their negative wTokens tokens for cryptocurrency.<h3>Lending on Kulfi Finance:</h3>Users can lend spare capital to the Kulfi portfolio, As such, lenders will purchase positive wTokens assets that yield a higher valuation than their initial deposit at a future date. The positive wTokens &ldquo;matures&rdquo; over time and becomes redeemable for currency upon reaching full maturity.Kulfi Dapp Users do not need to pass the standard identification procedures such as Know Your Customer or KYC processes giving the users full anonymity.<h3>Participate in KLS Token Pre Seed Sale</h3>Kulfi token <a rel="nofollow noopener" target="_blank" href="https://kulfifinance.io/buy">Pre Seed Round</a> is the first and limited opportunity for the public to gain exclusive early access to purchase Kulfi token at 0.005 ADA per KLS token.Interested participants can follow the link to purchase KLS token at a fair price &ndash; <a rel="nofollow noopener" target="_blank" href="https://kulfifinance.io/buy">https://kulfifinance.io/buy</a><h3>Conclusion</h3>Kulfi Finance solves one of the fundamental problems in the DeFi space. The ability to provide fixed-rate lending makes the DeFi space accessible to more mainstream users and will bring in a flood of new users. At Kulfi finance a user can borrow against your crypto without worrying about changing interest rates. Tomorrow you might be able to take out a fixed-rate mortgage on Kulfi!That&rsquo;s why DeFi is so exciting. Every day, there is an innovation that expands the reach of this industry.We believe that Kulfi Finance has a good chance of becoming one of the leading lending protocols.</div>Source: https://www.newsbtc.com/news/company/ahead-of-vasil-cardano-welcomes-its-first-fixed-rate-lending-protocol/

Ahead of Vasil, Cardano Welcomes Its First Fixed Rate Lending protocol

<div id="mvp-content-main">Today, DeFi can only serve a small segment of the Lending &amp; Borrowing market in Crypto because interest rates are currently too volatile, providing no certainty to both borrowers and lenders. Kulfi finance is one of the first Lending projects to offer users a fixed interest rate for both lenders and borrowers, and this is a new step for the development of DeFi. As the scale of cash flow is getting bigger and bigger, stability will become more and more critical. Kulfi Finance facilitates fixed-rate lending and borrowing of crypto-assets on Cardano via on-chain liquidity pools.&nbsp;Importance of Fixed rate to DEFIFixed-rate lending plays a critical role in traditional financial lending markets because it enables users to minimize risk and plan effectively for the longer term. Some of the largest lenders in traditional finance, like pension funds or retirees, have long-dated liabilities, and fixed-rate lending helps them be sure that they can meet their future obligations. Borrowers also prefer fixed interest rates because they remove a significant source of risk from long-term investments and operations. Whether a business is investing in a new factory or a family in a new home, fixed interest rates provide the certainty needed to make large upfront investments with borrowed capital.Kulfi developer felt that the nascent decentralized finance ecosystem needed the ability to facilitate longer-term lending markets in order to achieve its goal of creating an alternative global financial system that could match the utility of the traditional system.&nbsp;Kulfi Token (KLS)$KLS is the ticker of the Kulfi fixed rate money market and built on the Cardano network. It&rsquo;s a utility token that also serves as the protocol in-game currency.The $KLS token <a rel="nofollow noopener" target="_blank" href="https://kulfifinance.io/buy" data-wpel-link="external">Pre Seed Round</a> is currently ongoing and it&rsquo;s showing promising signs as many industry experts are excited about its innovative tokenomics and utility. Users can join in the $KLS Token Pre seed at the fixed price of 1 ADA = 200 $KLS.Investors looking to acquire some KLS tokens can follow the link to purchase Kulfi Tokens &ndash; https://kulfifinance.io/buyHow does Kulfi Protocol work?Borrower: Users can mortgage their collateral in exchange for a negative wToken. The borrower can exchange negative wToken to receive stablecoins and obliged to pay back at maturity (Capital + Interest rate)&nbsp;Lender: Users can exchange their crypto assets for a positive wToken. When wTokens matures, the lender can redeem positive wToken for its face value (Capital + Interest yield)Liquidity Provider: Liquidity providers have the same responsibilities as DEX providers, maintaining pools and getting benefits from transaction fee and reward from the project.Kulfi Lenders and Borrowers Building Block Token (wTokens)wTokens is a transferable token that represents a user&rsquo;s ability to lend or borrow and the payment deadline. wtokens can be minted as postive wToken or negative wToken. Owning wtokens in the portfolio can be understood as owning a certificate of liability for lending or debt repayment.* A positive wtokens balance is an asset, which is redeemable for one currency at maturity.* A negative wtokens balance is a debt obligation, obliging a negative wtokens holder to provide a currency at maturity.Kulfi Token (KLS) Utilities&nbsp;KLS is Kulfi&rsquo;s native token that plays the role as governance token and Proposing upgrade to the project.Transaction fees within the Kulfi Ecosystem can be paid using KLS tokens.&nbsp;KLS token holders are entitled to 50% of profits made from all the transactions carried on Kulfi platform using the KLS token.Loan repayment can be done with KLS tokens&nbsp;Setting of liquidity fees and onboarding new collateral typesDeciding new asset pool and maturity timeAccess Grant for Kulfi Borrowers: Every borrower is required to a minimum number of KLS token inorder to access loans from Kulfi KPool. (Number of KLS token to be held would be decided by the DAO).Transaction Fees: Transaction fees with the Kulfi Ecosystem can be paid using KLS tokens.&nbsp;KLS Staking: KLS token holders can choose to stake their tokens and earn up to a high percentage APY and may wish to further boost rewards using Kulfi NFT.Future role in the Kulfi ecosystem: KLS token will play an essential role in the expanded Kulfi ecosystem. Specific utilities will be announced as we roll out new products and features.Liquidity PoolThe liquidity pool in Kulfi is built according to the AMM mechanism like in DEXs, which allows lenders and borrowers to lend and borrow without having to wait for a counterparty. A liquidity pool will include wTokens and the corresponding token, and the pool will have a maturity schedule to ensure the safety of the loans. Kulfi&rsquo;s operating mechanism can be considered an AMM DEX with wTokens as a trading unit, whereas users will trade wToken to own the right to lend or exchange wToken for loans.What makes Kulfi special?Kulfi stands out because this project gives users a fixed interest rate when lending and borrowing, which gives users more control when making decisions.&nbsp; Defi activities such as DEX, farming, lending &amp; borrowing are growing at a fast pace, however, the prominent issue in the Defi space is the instability of liquidity pools due to fluctuations when the market changes. Especially with lending &amp; borrowing, because these are leverage creation activities that require collateral, so security will be the biggest priority for users.Kulfi Dapp Users do not need to pass the standard identification procedures such as Know Your Customer or KYC processes with decentralized crypto exchanges.$KLS Token Pre Seed Details1 ADA = 200 KLS Tokens&nbsp;Pre Seed Sale Allocation: 70,000,000 KLS TokensMinimum buy: 350 ADAInterested Investors / Participants can follow the link to purchase KLS at Pre Seed Round &ndash; https://kulfifinance.io/buyConclusionKulfi finance is a Lending protocol on Cardano, Kulfi Finance will helps users to lend and borrow with fixed interest rates. This will significantly give users better assurance when investing in DeFi space.Learn more on Kulfi Finance&nbsp;Join KLS Pre Seed: https://kulfifinance.io/buyWebsite: https://kulfifinance.ioTwitter: https://twitter.com/kulfi_financeTelegram:&nbsp; https://t.me/+rphyUBMegsU3ZTI0Discord: https://discord.gg/fzsa8ynF97Instagram: https://www.instagram.com/Kulfi_finance/Medium: https://medium.com/@Kulfi_financeGitbook: https://kulfi.gitbook.io/kulfi-finance-3/Disclaimer: This is a paid post and should not be treated as news/advice. </div>Source: https://ambcrypto.com/kulfi-finance-a-fixed-rate-lending-and-borrowing-defi-market-on-cardano/

Kulfi Finance ($KLS)

Kulfi Finance is a decentralized lending, Borrowing & Yield Farming protocol on Cardano that facilitates fixed-term cardano asset lending and borrowing.

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