We are excited to announce our partnership with Blubird, a leader in Web3 management solutions. This collaboration will integrate EQIFi’s banking services with Blubird’s advanced blockchain technology, enhancing our offerings for users worldwide. EQIFi will enhance Blubird’s clients speed to market by allowing them to get crypto friendly multi currency accounts right at the start.

Key Partnership Highlights:

1. Pilot Program Launch: A new pilot program will enable KYC-verified users to open bank accounts in USD or Euro, providing reliable banking solutions for VCs, investors, and founders.
2. Seamless Integration: By merging EQIFi’s regulated financial services with Blubird’s blockchain expertise, we aim to offer a secure, innovative banking experience.
3. Enhanced User Confidence: This partnership ensures safety and reliability, enhancing user confidence in managing both digital and traditional assets.

About Blubird

Blubird simplifies the transition into Web3 for startups and investors. The platform’s different modules assist companies to speed up development and auditing at lower costs. Key features of their Web3 management platform include:

• The Tokenomics Module: Simplifies rapid prototyping with comprehensive guidance from start to finish.
• The Web3 Cap Table Module: Automates cap table management, from investor onboarding to smart SAFT functions, streamlining your entire raise pipeline.
• The Deployment Module: Enables swift, secure, and cost-effective token or NFT deployment with Blubird's audited system, simplifying complex processes into a few clicks.
• Efficiency and Cost Savings: Streamlines processes, saving time and reducing costs for businesses.
• Innovation and Compliance: Focused on driving innovation while maintaining compliance in digital asset management.

Looking Ahead

Our partnership with Blubird represents a key step in improving blockchain banking. This collaboration aims to integrate new technology and vision, providing comprehensive banking services that leverage blockchain technology to meet the changing demands of the digital economy.

Next week, we will be hosting an X Space to discuss the details of this partnership. Stay tuned for updates.

Stay updated on our partnership by visiting our website and following us on X.

For more details on Blubird, visit Blubird’s Website.

At EQIFi, we are excited to introduce our latest innovative financial solution: Crypto-Backed Loans. This new product is designed to help you leverage your digital assets without having to sell them, providing you with liquidity while preserving the potential for future gains. Here’s everything you need to know about how our crypto-backed loans can work for you.

What Are Crypto-Backed Loans?

Crypto-backed loans allow you to use your cryptocurrency holdings as collateral to secure a loan in fiat currency. This means you can access liquidity without having to sell your digital assets, enabling you to retain potential future gains in the crypto market.

Key Features of EQIFi’s Crypto-Backed Loans

Flexible Loan Terms: We offer various loan durations to suit your financial needs, including 12, 18, 24, and 36-month options. This flexibility ensures that you can choose a repayment schedule that aligns with your financial strategy.

1. Competitive Loan-to-Value (LTV) Ratios: Our LTV ratios range from 60% to 70% depending on the loan term. This means you can borrow a significant portion of your crypto assets’ value.
2. Non-Recourse Structure: Our loans are non-recourse, which means you are not personally liable beyond the collateral you have provided. In case of default, only the collateral is at risk, not your other assets.
3. Low-Interest Rates: We offer competitive interest rates starting from as low as 3% per annum, depending on the loan duration and collateral value. This ensures you get the best possible terms for your loan.
4. Wide Range of Acceptable Collateral: We accept major cryptocurrencies such as Bitcoin (BTC), Ethereum (ETH), and others among the top five by market cap. This provides you with the flexibility to use your preferred digital assets as collateral.

Benefits of Crypto-Backed Loans

• Access to Liquidity: Crypto-backed loans provide immediate access to funds without the need to liquidate your digital assets. This is ideal for meeting short-term financial needs or taking advantage of investment opportunities.
• Preserve Potential Gains: By using your crypto assets as collateral rather than selling them, you can retain the potential upside from future price increases in the crypto market.
• No Credit Checks: Our loans are secured by your crypto collateral, so there’s no need for credit checks. This makes the process quicker and more straightforward.
• Privacy and Security: We ensure that your personal and financial information is kept secure and confidential throughout the loan process.

How to Apply

Getting started with a crypto-backed loan at EQIFi is simple and straightforward:

1. Initial Inquiry: Contact our team to express your interest in a crypto-backed loan. We will guide you through the initial steps and provide detailed information about the loan process.
2. Collateral Assessment: Choose the cryptocurrency you wish to use as collateral and we will assess its value based on current market prices.
3. Loan Application: Complete the loan application form, providing necessary personal or corporate information as required.
4. Loan Approval: Once your application is reviewed and approved, the loan terms will be finalized, and you will receive your funds in the agreed fiat currency.

EQIFi’s crypto-backed loans are a smart way to leverage your digital assets, providing you with liquidity while preserving the potential for future gains. Whether you need funds for personal use, business expansion, or investment opportunities, our flexible loan terms, competitive rates, and secure platform make it easy and advantageous for you to access the funds you need.

Contact us today to learn more about our new crypto-backed loan offerings and how you can get started.

Dive into the world of OTC cryptocurrency trading with EQIFi's OTC Crypto Desk. In this blog post, we delve into the mechanics of OTC trading, providing insights into its efficiency and benefits over traditional exchange platforms. Whether you're an individual investor, a corporate entity, or a crypto enthusiast, EQIFi's OTC desk offers tailored solutions to suit your needs. Explore how OTC trading can streamline your asset management processes and elevate your trading experience. Get all the essential details in just 3 minutes!

What is an OTC Crypto Desk?
An Over-The-Counter (OTC) trading desk, like EQIFi's, enables direct buying and selling of cryptocurrencies between parties, bypassing centralized exchanges. It's ideal for executing large or specific transactions not easily available on public exchanges. EQIFi's OTC desk provides a personalized, secure environment, complementing our crypto-friendly banking services for a seamless asset management experience. Prioritized privacy ensures confidential transactions aligned with client preferences.

How does EQIFi OTC Trading Work?
At EQIFi, our OTC trading service makes dealing with cryptocurrencies straightforward and hassle-free. We ensure there's always an abundance of cryptocurrency available for both individual traders and larger institutions, maintaining stability and reliability throughout. When you partner with us, you'll connect directly with an EQIFi trader who will guide you through each step of the transaction process. Moreover, our pricing is entirely transparent – no hidden fees. With a straightforward fee structure of 1% or lower, you can trust that what you see is what you get. Rely on EQIFi for personalized support and seamless, worry-free transactions in the cryptocurrency market.

OTC Trading vs. Crypto Exchange Trading
While cryptocurrency exchanges are popular among retail investors, EQIFi's OTC trading offers a compelling alternative, marked by high-touch service, deep liquidity, and personalized support.

Who Might Want to Trade Over OTC?
OTC trading caters to diverse entities seeking customized solutions and smooth execution. This includes crypto enthusiasts, employees receiving cryptocurrency payments, and large corporations handling significant transactions. Additionally, traders worldwide rely on OTC trading for personalized service and strong liquidity. At EQIFi, individual accounts start trades from $1000, while corporate accounts require a minimum trade of $10,000.

Benefits of OTC Trading
• Direct contact with seasoned traders for personalized assistance

• Deep liquidity and transparent pricing for seamless execution

• Access to over 10 fiat currencies and more than 70 cryptocurrencies, expanding investment opportunities

• Prioritized privacy, ensuring confidential transactions aligned with client preferences

• Settlement directly onto our debit card for enhanced convenience and global access to funds.

When to Use Crypto OTC Desks

Meet Alex, a manager responsible for managing financial transactions for his remote team spread across the globe. Facing the challenge of efficiently managing his assets while navigating cross-border payments, Alex explores the use of EQIFi's OTC desk to streamline his financial operations.

In scenario one, Alex contemplates converting a significant amount of cryptocurrency into USD to facilitate payroll payments. He reaches out to EQIFi's OTC desk, expressing his intent, and is promptly assisted by a dedicated EQIFi trader. With EQIFi's direct fiat trading support, Alex's request is efficiently processed, offering him the flexibility to execute the trade immediately or wait for optimal market conditions.

For scenario two, Alex considers a unique use case: paying a contract that involves a diverse mix of fiat and cryptocurrency payments. In this scenario, a crypto influencer who prefers receiving payments in a combination of fiat currency, stable crypto, and ETH for their work with the company. EQIFi's OTC desk provides Alex with the flexibility to facilitate such complex transactions seamlessly, ensuring timely and tailored payments to meet the influencer's preferences.

As Alex explores his options, he acknowledges the advantages of choosing EQIFi's OTC desk for various financial transactions, including payroll payments and unique contractual agreements. The personalized service, transparency, and flexibility offered by EQIFi's platform empower Alex to efficiently manage his financial operations with confidence and ease.

In conclusion, EQIFi's OTC desk emerges as a versatile solution for Alex's diverse financial needs, offering both convenience and customization in handling cryptocurrency transactions. By leveraging EQIFi's expertise and resources, Alex can navigate the complexities of cross-border payments and unique payment preferences with efficiency and peace of mind.

If you already have an EQIFi bank account please use:
OTC Request form              otcrequest.eqifi.com

If you do not have an EQlFi bank account yet, please use the following links to apply and start your onboarding process today:

Individual account               apply.eqifi.com/individual
Corporate account              apply.eqifi.com/corporate

Got questions or ready to apply? Contact us.

We are excited to announce our partnership with AZUR Special Economic Zone, introducing a new phase of financial innovation and investment opportunities for businesses of all sizes. Our partnership offers an exceptional package of benefits, designed to optimize your operations and achieve greater success in today's competitive business landscape.

AZUR Special Economic Zone provides a unique opportunity for businesses to cut operating costs and boost profits with no income tax, corporate tax, import/export duties, or value-added tax. With the policy of 100% foreign ownership and 100% capital repatriation, AZUR offers a highly competitive global market advantage.

With EQIFi's proficiency in decentralized financial platforms and AZUR's state-of-the-art facilities, businesses can take advantage of a unique opportunity that will help them thrive in the world-renowned AZUR Special Economic Zone. EQIFi's native cryptocurrency token, EQX, can unlock an array of benefits that enhance financial management and propel business operations to greater heights, with businesses receiving a 20% discount on fees by paying in EQX.

If you interested in joining the world-renowned AZUR Special Economic Zone, now is the perfect time to do so. This is a fantastic opportunity for businesses looking to establish themselves in the tax-exempt SEZ and achieve unprecedented levels of success. To buy EQX there are several options available:

Buy or Swap directly on the EQIFi Platform

All you need is a basic EQIFi account in order to purchase EQX through the Simplex integration. Alternatively, EQIFi account holders can swap ETH, WBTC, USDC or USDT into EQX directly within our platform.

Buy EQX through EQIBank's OTC desk

EQIBank customers can secure EQX directly with fiat or numerous other crypto currencies with the help from our colleagues at EQIBank's OTC desk. To have access to the OTC service, you need to have a bank account with EQIFi or EQIBank.

Secure EQX through our CEX/DEX partners

Last but not least EQX can be secured through our CEX/DEX partners in order to benefit from the 20% discount when signing up for AZUR's Special Economics Zone.

This partnership is a game-changer for businesses of all industries and sizes, offering simplified financial management, tax exemptions, and access to world-class facilities. We are excited to offer this incredible opportunity to businesses looking to establish themselves in the tax-exempt SEZ and achieve unprecedented levels of success. Act now and unlock the many benefits that await your business in this world-class facility.

Here is to the future of finance!

Until next time,

The EQIFi Team.

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📢About us Website | Mobile App | Platform | Blog

Friday, the 16th of December 2022, our CEO and Co-Founder Brad Yasar held an Ask Me Anything session on our Telegram channel.

The series of AMAs on the EQIFi official Telegram channel is intended to foster better communication between the EQIFi executive team and our community.

For those in our community who could not attend the live event, we have compiled the complete list of questions and Brad’s responses in this blog post.

Below are the questions our team and community admins have been gathering from the community and users in the week prior to the AMA:

Q1. When will EQIFI be ISO 20022 compliant?

Brad Yasar: Well the standard that is referenced here is not an official certification by an ISO authority so although we hold ourselves to the highest standards when it comes to data safety and security, there are no current plans to adopt this repository standard.

Q2. Are the Commercial Loans live now? If so, has there been much interest in it?

Brad Yasar: Yes, commercial loans are available now. Yes, there is interest in them and we are working with the interested parties to extend those facilities to them. I do want to make a distinction here. These loans are available to qualified clients and we do want to ensure that the onboarding and due diligence processes take their courses so we are not rushing to push a bunch of loans out. We want to ensure the program works well, both for our liquidity providers/lenders as well as clients looking for funding.

Q3. Can you share with us what plans EQIFi have in 2023, expansion-wise and product-wise?

Brad Yasar: We have shared our roadmap since day 1 so I will just recap here what we are working on and will continue to work on in 2023:

- Merger or DeFi and Banking is our number 1 priority. We want to make EQIFi the NeoBank that will mark our 2023 so that is the main focus;

- Acquisition of additional banking/financial licenses is the other area that we will pursue in 2023. We are doing everything we can to reduce the cost and settlement times of our banking products and services and will continue to do so;

- New blockchains and assets will also come to the EQIFi platform and expand our product suite and supported assets;

- UI/UX improvements both for the desktop and mobile versions of the platform are an ongoing concern and as we get more use cases and feedback from our community we will continue to make them better.

These are really broad initiatives that come with a lot of work in the background both from a technology and human resources perspective so we will make more detailed announcements when the timing is right.

Q4. Is EQIFi working on any new partnerships at the moment?

Brad Yasar: Yes, we are. Of course, the question is not whether we are or not but who are those partners.

In case anyone here hasn't heard of our ESG initiative, I think it is worth mentioning that since day 1, we have been very environmentally conscious and green, however, we did not talk about it much. The next wave of partnerships is going to focus on growing our ecosystem with ESG impact partners that EQIFi can materially support on top of our internal ESG goals.

An example of this partnership is going to be the launch of new yield pools that are sponsoring certain nonprofit/impact organizations so we are going to allow our users to support environmental causes not by donating, but by investing in products that create streams of revenue for those organizations and that is just the beginning.

Q5. When will we see the Native Banking Access inside the EQIFi ecosystem? What will that mean?

Brad Yasar: The original plan was to release the banking integration by the end of 2022 since we are almost at the end of the year, it will be safe to give the dev teams a little bit more time to finalize and test the integration so we are pushing that milestone to Q1 of 2023.

There is no one on this planet who wants to see that integration finished more than me, however, because it is such a major update and undertaking we are going to err on the side of delaying deployment as much as needed to get it right. Given the market conditions and the events of 2022 that challenged all of us this year, we see no benefit in rushing anything that may compromise the stability and security of our platform.

I think we ALL had enough bad news with Terra, Celsius, 3AC, Voyager, FTX and the list goes on.

Q6. What other blockchains will be supported, and when could we see them?

Brad Yasar: Well that list is being reviewed and adjusted every quarter. As you know our next suite of products is being tested for BSC and we have had BSC integration since day 1 so that is coming. We also launched a BTC product and expect to increase our native support for BTC and lightning. However, what blockchain comes next is still in the works.

We are monitoring the communities of newer L1s/L2s and looking for ways we can serve those chains well. Once something is finalized in testing we will definitely make the announcements. So far we have started looking into three new ones that we will go live within 2023.

Q7. What's next for EQIFI development? Any partnership in the future?

Brad Yasar: I think this is a combination of previously answered questions. I did briefly mention what is being worked on from the tech side and partnerships so let's open the floor for audience questions, please.

The live participants had the chance to ask questions live, you can check them out below:

Q8. What is the roadmap for EQIfi advertising? When will we reach more people?

Brad Yasar: As this year has unfolded and turned into the mess that we are in today, we took measures to contain our expenses and that reflected in the advertising budgets as well.

We will closely monitor market conditions and our internal budgets and start a new marketing push when the market is ready for such activity. Unfortunately, we thought that time would be Q4 of this year but the FTX debacle pushed it to next year.

Q9. What kind of pros or cons do you think the possible recession expected around the world will be for us?

Brad Yasar: Great question!

Pros: A bear market and recession will weed out the weak/fraudulent projects so it will be better for us to build and grow.

Cons: Funding sources and trust in DeFi have eroded so we have a harder time attracting funding, clients, and partners because everyone is worried.

Q10. Why doesn't the EQIFi App support more cryptocurrencies? I want to keep my cryptocurrencies in the EQIfi App. When will that be?

Brad Yasar: It is just a question of prioritizing. Every asset we add becomes our responsibility so it is not just a question of adding the asset from a development perspective but also making sure their tokenomics are sound, the project is viable and reliable so on and so forth so it takes time that we have not had much of this year. More will be added soon.

This year has been very tough. We saw many billion and multi-billion dollar projects collapses and take down the market with them. I consider EQIFi to be well prepared with a bit of luck that we had zero exposure to any of those massive failures. We had zero exposure to UST, Terra, CEL, and FTX because we chose the path of no leverage, no heavy debenture, and minimal market exposure. So given the circumstances, a small, young platform like ours surviving such violent fluctuations and system shocks proved to me and hopefully our community that we are here to stay and grow and we are going to do everything in our abilities to accelerate that growth when and where we can.

Q11. How many $EQX tokens will we have to hold for Corporate Loans? What percentage will be for which type of loan? And what will our total loan size be in 2023?

Brad Yasar: Tier 3/4 can apply for Loans. So you'd get the best deals if you are a Tier 4 user with 1M EQX staked. We expect the initial loan pool to be $10M if that gets fully allocated, and we have plans to increase it as needed.

Q12. Why can't we see the current lock amounts in the system? And why do minor errors in the system persist?

Brad Yasar: We work diligently on all bugs and errors that are reported.

I am tagging our CTO for this one @ioanafrincu. CMC has been very difficult to work with. We have advised them and given them correct information almost weekly and they do not do what needs to be done on their end to fix things which we have no control over so I'd suggest reaching out to them.

Our CEO ended the AMA by thanking all participants and and the EQIFi community for their continuous support and interest in the EQIFi project and its vision and mission to help people reach their financial goals through providing innovative DeFi and traditional banking services!  

The team is delighted for every chance to speak with and get closer to our community!

Stay tuned and keep an eye on our social media channels for future AMAs and other announcements!

Until next time,

The EQIFi Team

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📢About us Website | Mobile App | Platform | Blog

DISCLAIMER

The following is a transcript of a live AMA session held in Telegram and represents the opinions of members of the team and has not necessarily been approved by legal counsel. Transcript and all content therein (this “Transcript”) is for information purposes only and may be subject to change. The transcript is of a live event and, as such, errors and omissions are accepted. This Transcript does not constitute an offer or solicitation to sell securities. Any such offer or solicitation will be made only by means that are in compliance with applicable securities and other laws. No information or opinions presented herein are intended to form the basis for any purchase or investment decision, and no specific recommendations are intended. Accordingly, this Transcript does not constitute investment advice or counsel or a solicitation for investment in any security. As such, this Transcript does not constitute or form part of, and should not be construed as, any offer for sale or subscription of, or any invitation to offer to buy or subscribe for, any securities, nor should it or any part of it form the basis of or be relied on in any connection with, any contract or commitment whatsoever. The full list of disclaimers can be found at https://eqifi.com/legal/disclaimers?locale=en-US  

CAUTION REGARDING FORWARD-LOOKING STATEMENTS

Certain statements in this Transcript constitute “forward-looking information” under applicable securities laws. In some cases, these forward-looking statements can be identified by words or phrases such as “may”, “will”, “expect”, “anticipate”, “aim”, “estimate”, “intend”, “plan”, “seek”, “believe”, “potential”, “continue”, “is/are likely to” or the negative of such terms, or other similar expressions intended to identify forward-looking statements. Forward-looking statements are provided to allow potential purchasers the opportunity to understand the Company’s beliefs and opinions in respect of the future, including forward-looking statements related to the Company’s proposed operating model. The proposed operating model speaks to the Company’s objectives only and is not a forecast, projection, or prediction of future results of operations. The forward-looking statements are not guarantees of future performance, and undue reliance should not be placed on them. Forward-looking statements are based on certain assumptions and analysis made by the Company in light of its experience and perception of historical trends, current conditions, and expected future developments and other factors it believes are appropriate.

These forward-looking statements involve known and unknown risks, uncertainties, and other factors that may cause the actual future results, performance, or achievements of funds, cryptocurrencies, or the Company to be materially different from any future results, performance or achievements expected, expressed or implied by such forward-looking statements. These factors include, but are not limited to: (a) changes in political, social, economic, and cryptocurrency market conditions, and the regulatory environment in the jurisdictions in which the Company conducts its businesses and operations; (b) the risk that the Company may be unable or execute or implement its business strategies and future plans; (c) changes in exchange rates of fiat currencies and cryptocurrencies; (d) changes in the anticipated growth strategies and expected internal growth of the Company; (e) changes in the future capital needs of the Company and the availability of financing and capital to fund such needs; (f) war or acts of terrorism; (g) occurrences of catastrophic events, natural disasters, and acts of God that affect the businesses and operations of the Company; (h) other factors beyond the control of the Company; and (i) any risk and uncertainties associated with the Company and its business and operations.

Although forward-looking statements contained herein are based upon what the Company believes are reasonable assumptions, forward-looking statements may prove to be inaccurate, as actual results and future events may differ materially from those anticipated in such statements. The Company undertakes no obligation to update forward-looking statements if circumstances or the Company’s estimates or opinions should change, except as required by applicable laws.

USER CONTENT DISCLAIMER

We do not own, control or endorse any User Content that is transmitted, stored, or processed in our Telegram Group. We are not responsible or liable for any User Content. Although we have no obligation to screen, edit or monitor User Content, we reserve the right, and have absolute discretion, to remove, screen or edit User Content posted at any time and for any reason.

As a leading DeFi platform, we are dedicated to pushing the boundaries of innovation and providing our users with the best possible products and services. This blog post will give you a sneak peek at some of the new features and improvements we have been working on.

Keep reading to learn more about what we have in store!

Updates

There is a lot to be excited about, from adding new technology to user-friendly design updates. Listed below:

1. The EQIFi Referral Program

Our team has been working on designing a referral system where you will get rewarded for every friend, peer, or family member that joins EQIFi and starts using our platform. As we get closer to launching it, you will get all the details to be able to share the good news, so keep an eye out for these!

2. The Staking Systems

The community’s feedback is essential to us, which is why our technical team has decided to separate the Web Staking and Mobile App Staking Systems to make it easier and faster to stake or unstake. This means that if you stake on the mobile app, you will only be able to unstake from the mobile app, and if you stake on the web you will only be able to unstake on the web.

It is worth mentioning that unstaking on the Mobile App only works on the ETH blockchain, so if you wish to stake BSC $EQX tokens on Mobile, you will automatically be given ETH coins if you unstake, so if you wish to remain on the BSC blockchain you need to both stake and unstake on the Web Platform.

For more information on this you can also check out our Help Center Article on this topic:

https://eqifi.zendesk.com/hc/en-gb/articles/7909071436445-Unstaking-on-the-Mobile-App-ERC-vs-BEP

3. Mobile App

a. Add BUSD on Mobile Wallet

In addition to the existing tokens supported on the mobile app, we are excited to announce that we will soon be adding support for BUSD, Binance Dollar. This means that you will be able to easily deposit, withdraw, and make peer-to-peer transfers using BUSD, all directly from your mobile device. And that's not all - we are also working on adding the ability to invest in BSC Portfolios using BUSD, so you can easily manage your investment portfolio on the go.

b. Redesign of the Yield Screen

The Yield Aggregator screen on our mobile app will soon get a new look. This new design will make it more intuitive and user-friendly, making it easier for you to find and invest in the best yield farming opportunities.

4. Native Banking Access with EQIBank

Coming very soon is a fully integrated ecosystem between the EQIFi platform and online banking at EQIBank. You will be able to make use of banking products such as custody, wealth management, and OTC transactions, as well as continue enjoying the EQIFi product suite, all in one place!

Moving Forward

EQIFi strives to provide a seamless experience for people new to crypto and experienced investors alike. We want to make DeFi accessible to everyone and help people reach their financial goals. This motivates us to improve our products and services continually.

As we look into some of next year’s plans for us, it is worth mentioning:

1. BSC Portfolios

We will be adding investment portfolios on the BSC Chain soon after we integrate $BUSD. This new feature will allow you to easily invest in a range of new assets and take advantage of the many benefits of the BSC Chain.

2. Fixed Rate Products

We want to make the process of lending and borrowing money with EQIFi as easy and seamless as possible, which is why we will be implementing reminder for payment emails for those users who are borrowing with EQIFi, to make sure they don’t miss any due payments.

Conclusion

Several other exciting updates are brewing behind the scenes, so make sure you keep an eye out and be the first to know!

If you haven't already, make sure to follow us on social media and join our Telegram channel to stay up-to-date on all of our latest news and developments. We can't wait to show more!

Banking and DeFi. EQIFi.

Here’s to the future of finance!

The EQIFi Team.

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🗨️Contact us Support | Telegram

📢About us Website | Mobile App | Platform | Blog

Our top priority is to offer more and better services to our users. This is why we are happy to announce our partnership with HYVE! This collaboration enables their native token, $HYVE, to be supported as a cryptocurrency option in our suite of products, and $EQX will be included as a form of payment in their ecosystem.

This comes as an ideal addition to both our communities. HYVE aims to offer its clients and freelancers more payment options and encourage them to discover new projects and protocols. We look to expand the $EQX token utility further, enable token holders to do more with their crypto investment, and encourage them to explore the DeFi space further.

Partnership

Through this partnership, HYVE integrates the $EQX token into their ecosystem, expanding the selection of cryptocurrencies freelancers can transact with on the platform. EQIFi has integrated $HYVE in the mobile app to facilitate ZERO fee payments between EQIFi users. Furthermore, $HYVE will be added as an option to invest in our Yield Aggregator and to deposit or borrow with our Fixed Rate Lending products.

This brings benefits to both user bases. EQIFi empowers freelancers on both platforms to earn in $EQX and offers them a chance to seamlessly invest, save or withdraw those funds. HYVE offers its users yet another way to get paid for their work in crypto by introducing our token as a payment method.

Already signed up on HYVE? Cool! You can now perform your work as usual but get paid in $EQX. Whether you offer work or seek work, you won’t need to offramp crypto. You can use $EQX in EQIFi’s ecosystem and get yield, staking bonuses, or even a low-interest rate crypto loan. Work in exchange for crypto and, in return, let the crypto work for you!

About HYVE

HYVE’s long-term goal is to offer optimal and endless payment options for tasks, jobs, and offers on their platform and offer the lowest possible fees out of all freelancing platforms!

HYVE’s cross-chain, decentralized ecosystem redefines the future of work through three main products, HYVE App, and soon with HYVE Launch, and HYVE Bazaar. Their project incubator, which will help match investors with projects, Launch, will soon go live alongside HYVE Bazaar, an e-market for digital items to be bought and sold.

Ranging from 1% to 9% fees depending on the type of job and the crypto, our partner prides itself on the transparency of its practices and the simple yet innovative business model.

Deciding to use $HYVE in their ecosystem can reduce fees by up to 50%, and staking it produces an APR of up to 24%. Moving forward, they wish to include additional features and payment options and make the whole experience of using their platform smoother, so if you have not signed up yet, to offer or look for jobs, make sure you do so!

About EQIFi

We are building a global DeFi gateway for you, simplifying the complex world of DeFi. Our vision is to expand the options of digital asset owners, who today have limited options for secure custody and banking-level access to their digital assets. We are building our platform for everyone to have access to DeFi.

The Mobile App, together with the Web Platform, creates a next-generation, high-level user experience. A secure, yet convenient and user-friendly environment.

We strive to make your financial life easier, which is why partnering up with a freelancing service in the crypto realm, and offering $EQX as a payment option, fits well into our vision and goals!

Conclusion

Whether you are a crypto-savvy freelancer or a beginner in the world of the crypto gig economy, EQIFi & HYVE have covered your needs within the crypto realm.

Work, earn, invest. All in $EQX and $HYVE!

Stay tuned to HYVE’s and EQIFi’s socials, so you don’t miss out on upcoming exciting news and plans!

Until next time,
The EQIFi Team.

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🗨️Contact us Support | Telegram
📢About us Website | Mobile App | Platform | Blog

In an evermore competitive landscape, the crypto space, and with more players becoming relevant in this market by the day, staying relevant and striving for a constant push forward is the best, and frankly, only way to move forward.

That is why EQIFi is glad to take you through what we have achieved in the latest months and provide you with an overview of what we are working on for the next period.

Looking Back

Product Updates

As we have announced, our Interest Rate Swaps (IRS) product has now been deprecated alongside Variable Rate Deposits and Loans, in EQIFi’s pursuit to offer a more focused product suite and continue developing those aspects of our platform which have seen most engagement from the community.

Our bank account application infrastructure has seen significant improvements in the past months, following the latest and most secure standards, thus strengthening our close relationship with EQIBank, the global fully licensed and regulated bank.

Partnerships

We have partnered up with Buff Games, tokenized gaming platform rewarding the gaming community around the world for playing the games they love. EQIFi now addresses a community of millions of gamers around the world, offering them the opportunity to get educated about the world of crypto and Web 3.0 by offering easy to understand content and encouraging their community to join the crypto community.

In our pursuit to boost the $EQX economics, our Shopping.io integration also went live in September, offering $EQX holders the chance to directly spend it on the products they love from ecommerce giants Amazon, Walmart and more. We have offered $EQX a real life utility through this.

Moving Forward

Product Development

As we look towards improving our product suite, we are glad to announce that some BNB Portfolios are being implemented on the Backend of the platform and soon in production, to offer our Yield Aggregator investors yet another option to generate yield with their digital assets.

EQIBank as our long-term partner is constantly working alongside EQIFi to offer more integrated and interoperable information systems.

This means that in the near future EQIBank’s services will become easily accessible through the EQIFi platform and viceversa, thus bringing us one step closer to becoming the perfect bridge between the DeFi world and the traditional banking realm.

Future Partnerhips

Increasing the use cases for $EQX which is one of our main strategic goals means we will be launching the HYVE Token Integration with our partners HYVE Works, the decentralized labour exchange which offers people the chance to get paid or pay their workers in cryptocurrencies.And many more to come.

Conclusion

We hope you have enjoyed this brief glimpse into our plans, and we look forward to helping you reach your financial goals!

Here is to the future of finance!

Until next time,

The EQIFi Team.

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EQIFi is proud to announce the shaking of hands with Buff Games - a gaming loyalty platform supporting over twenty of the world’s most played gaming titles on both desktop and mobile.

This partnership will focus on introducing Buff’s gamer community to the world of Crypto and DeFi. The gaming community will learn how they can level up their financial future, all while earning Buff points in the process.

Gaming is about earning points, passing levels, and climbing tiers. Buff offers precisely this: a platform where gamers accumulate points as they unlock gaming achievements. The world of Decentralized Finance is similar in the sense that people are grinding for better gains and on the lookout for more efficient ways to improve their personal finances. DeFi, just like gaming, thrives when new technologies are thrown into the mix.

Therefore, EQIFi and Buff Games are joining forces in this long-term partnership, whereby gamers from the Buff platform will get a chance to be rewarded by gathering more insights in the DeFi space and the products EQIFi offers.

From this perspective, EQIFi and Buff Games are glad to announce that we are joining forces in a long-term partnership! EQIFi will entice the gaming community to discover more about decentralized finance and introduce the tools to level up gamers’ personal finances. As gamers learn more about passive income streams and the EQIFi products that can allow them to achieve this, they will earn Buff points to spend on gaming equipment and other game-related products on the Buff platform.

The Partnership

These are some of the most important points of collaboration between EQIFi and Buff:

1. Gamers can learn more about the opportunities that DeFi, gaming worlds & metaverses have to offer now and in the near future as these worlds collide.
2. An incredible tech-savvy audience will have a chance to learn about creating passive income streams through EQIFi’s product suite and will be given access to the right tools to do so.
3. Rewards to be earned in Buff points that can easily be redeemed for gaming products & discounts on the Buff platform, such as gaming keyboards, headsets, redeem codes for gaming titles, coupons for in-game points, and other discounts.
4. Introduction of EQIFi’s technology & product suite to a highly international and incredibly tech focused community of over 7.5 million registered users.

Working with the same principles of gamer’s tech-savvy mindset, deep understanding of rewarding & earning tokens, and love for the grind to improve the ultimate high score, EQIFi & Buff will team up and Rush B!

About Buff

Buff is a Gaming platform that issues loyalty rewards to players of triple-A games such as Fortnite, Valorant, Counter-Strike, and League of Legends, among other titles.

The platform is tailored to the needs of gamers. Issuing real-life and loyalty rewards to gamers based on their in-game actions have helped establish global social communities for these games. Buff allows gamers of all skill levels, competitive and non-competitive, to be rewarded for playing the games they love.

EQIFi strives to make people's financial lives easier, which is why we are now partnering up with such a large international gaming community. Introducing new communities in the DeFi space and offering them the right tools to improve their finances is the next step in EQIFi’s growth story.

Make sure to keep an eye out for updates about this partnership, and don’t hesitate to check out Buff.game to earn some real rewards while playing the games you love.

Until next time,

The EQIFi Team.

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One of the risks associated with DeFi, or decentralized finance, is impermanent loss. If you have ever provided liquidity to a liquidity pool and noticed that some of your funds disappeared, chances are that you have been experiencing impermanent loss. But what exactly is impermanent loss, how does it happen, and most importantly, how can you mitigate the risk associated with it?

What is Impermanent Loss?

Impermanent loss represents a temporary loss of funds that can occur when providing liquidity to a liquidity pool.

To fully understand how impermanent loss happens, we must first understand how a liquidity pool works. Automated market makers, such as Uniswap, use liquidity pools for exchanging one asset for another. A liquidity poll is a  reserve of a decentralized exchange that is available for users to exchange tokens with.

Automated market maker, or AMM, is a term used for a class of decentralized exchanges that gained significant popularity with the rise of DeFi.

One type of automated market maker is the constant product market maker that the equation can describe: x * y = k,

where x and y represent the amount of each asset in the liquidity pool, and k is the total amount of the liquidity.

The most basic type of liquidity pool is one that holds two tokens. Nevertheless, other variants of liquidity pools with multiple tokens exist, but those are beyond the scope of this blog post.

For a liquidity provider (LP) to contribute liquidity to a pool, they must provide an amount equal in the value of the two assets. LPs are incentivized to provide liquidity because they get in return Liquidity Provider tokens (LP tokens), proportional to their share in the liquidity pool.

The LP tokens can be staked in the platform to obtain the native token of the platform. Such programs incentivize the creation of liquidity around the protocol’s native tokens and allow users to trade those tokens on decentralized exchanges easily.

However, whenever the initial price of the tokens that the LP provided to the pool deviates from the current global price of those tokens, an instant arbitrage opportunity arises, resulting in lost capital for the LP, or impermanent loss.

Impermanent loss happens when traders rebalance the pool to correct the value of its underlying assets at a rate to their advantage. In turn, this proves to be suboptimal for the liquidity providers because the price of their assets fluctuates very often.

How Does Impermanent Loss Happen?

To have a better understanding of the phenomenon, we can illustrate it with an example:

Let us suppose a liquidity pool with two digital assets, ETH and USDC, on an automated market maker (e.g: Uniswap, Pancakeswap).

The total pool contains 10 ETH and 1000 USDC. The ETH and USDC maintain a 1:1 ratio in value, meaning that 1 ETH = 100 USDC (we chose these numbers for the sake of simplicity).

Therefore, the total value of the pool is 2000$.

You deposit 1 ETH and 100 USDC to the pool, which means that the value of your deposited assets is 200$, and you own 10% of the share of the pool.

Now suppose that the ETH price rises to 400 USDC. The formula that stands at the core of constant product market makers is that the product of the asset quantities must remain constant (x * y = k).

In this case, the constant k must always be equal before and after a transaction in the pool (10 ETH * 1000 USDC= 10 000). Considering this, and that the price of ETH in the pool is still 100 USDC, an arbitrage opportunity arises.

At this point, arbitrageurs can buy ETH from the liquidity pool at a lower price until the price is in line again with the external price.

If we do not consider the transaction fees, there would be 2000 USDC and 5 ETH in the liquidity pool, while their product, k, remains 10,000.

If you withdraw your funds from the liquidity pool, based on your share of 10% of the pool, you would be able to withdraw 0.5 ETH and 200 USDC, which means that the value of your assets is 400$ (not considering fees).

However, if you had simply adopted a holding strategy instead of providing liquidity, you would now have your initial 1 ETH and 100 USDC worth 500$ at this point.

This means that if you exit under these circumstances, you can lose 100$ (500$-400$), which is called impermanent loss. However, sometimes the gains that result from the fees you collected as a liquidity provider surpass the loss, but there is no guarantee.

What are the Risks Associated with Impermanent Loss?

When providing liquidity to a liquidity pool, the price of the tokens can deviate in any direction. The greater the divergence of the prices, the more impermanent loss the liquidity provider experiences.

The phenomenon is referred to as “impermanent” loss because the losses become permanent only when the LP closes their position and the price ratio relative to the time of the deposit has changed (it does not matter which direction the price changes).

However, if the LP does not exit and waits until the price comes back to its initial value because of volatility (assuming it does come back at some point), the loss is removed, thus it is not permanent. However, it can also happen that the impermanent loss becomes permanent.

This occurs when the liquidity provider withdraws their funds, taking in the losses, or when the price continues to diverge, resulting in an even more significant loss of tokens. Especially in the short term, losses can become permanent due to volatility. This can negatively affect a user’s investment in a pool and lead to negative returns.

How to Mitigate Impermanent Loss?

A couple of strategies can be adopted to mitigate impermanent loss.

Avoid Volatile Liquidity Pools

In contrast to stablecoins that are pegged to the value of an external asset, the price of crypto assets such as ETH fluctuates depending on the market demand. When it comes to impermanent loss, the greatest risk comes from volatile assets. If you think that a coin like ETH is volatile, then think twice before considering smaller coins that have even greater price swings.

Provide Liquidity for Liquidity Pools Pegged to the Same Asset

Stablecoins such as Tether (USDT) or USC coin (USDC) are pegged to the USD dollar. This means that their price is always around $1, with very little room for volatility compared to other crypto assets.

Also, theoretically, since they are pegged to the same asset, even the small volatility that they experience should be in the same direction, but this is not always the case. Stablecoin liquidity pools are usually in high demand, thus they do not offer great returns in comparison to more exotic pools.

Usually, the more exotic the tokens from a liquidity pool are, the greater returns they produce, but they also come with a bigger risk for impermanent loss.

That is why, if you want to be on the safe side, you should consider larger pools despite bringing smaller returns, since those are not hit so hard from fluctuations. After all, the more assets are pooled together, the harder it is for price swings to occur within that pool.

We hope you have now gained a better understanding of what impermanent loss is and how to avoid it. Finally, please make sure to:

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The eagerly anticipated Ethereum Merge will revolutionize the cryptocurrency industry by introducing a new, less carbon-intensive method of blockchain transaction verification.

TL;DR

• The Ethereum Merge is anticipated on or around September 15, 2022;
• EQIFi fully supports Ethereum’s Proof of Stake upgrade;
• During the Merge, EQIFi will suspend for  48-72 hours new ETH and ERC-20 token transactions as a precaution and to guarantee the security of money;
• BNB Chain may also suffer from operational suspension during the Merge;
• Your assets will remain secure, as always. Our users are not required to take any action.

The Ethereum Network (ETH1/Execution Layer) will soon be merging with the Beacon Chain (ETH 2/Consensus Layer) to become Ethereum 2.0. The Beacon Chain is a separate network running in parallel to Ethereum. Currently, Ethereum uses a proof of work model to validate blocks, a paradigm, where validators compete in order to produce the next block. After The Merge, Ethereum’s blocks will be produced only through the Beacon Chain leveraging a proof of stake model. Ethereum’s proof of work model will be discontinued permanently. All block validating work will be actively coordinated by the Beacon Chain, which will choose validators at random.

Image source: https://blog.ethereum.org/2022/08/24/mainnet-merge-announcement

Why is Ethereum swapping from PoW to PoS?

PoW requires miners to solve complex cryptographic functions, a process famous for being hardware and energy-intensive. On the other hand, PoS requires validators to hold and deploy ETH tokens to secure the network. Ethereum's transition to proof of stake will bring numerous benefits, including improved efficiency, scalability, and security, as well as reduced centralization.

Increased energy efficiency

By removing the requirement for specialized hardware and decreasing the entry barriers for validators, the switch to a PoS consensus process is anticipated to cut network energy usage by 99.95% while also enhancing network decentralization and security.

Less dependency on performant hardware

Currently, Ethereum's proof of work algorithm heavily relies on graphics cards with high output. In addition to being expensive to replace, reliance on them results in unforeseen supply chain dynamics dependencies. On the other hand, following The Merge, anyone with a regular laptop may take part in safeguarding the network, making the necessary gear far more accessible.

Decreased centralization risk

Anyone may become a staker without the need for specialized technology, therefore the the more stakers the chain has, the more durable it becomes. Thus, scaling becomes a minor factor due to lower power consumption and simpler hardware needs.

More robust against attacks

Economic sanctions for misconduct in the form of "slashing" make it considerably more expensive for bad actors to undertake assaults compared to proof of work. Attackers can be removed from the staker pool, and can only be added back after a few weeks.

New scalability possibilities

With the foundation for sharding in place, it will enable a more coordinated environment that opens up new opportunities for scaling.

Until the following Shanghai update permits withdrawals from the staking contract, anyone who wants to operate their own validator client in exchange for ETH-denominated payouts must stake and lock at least 32 ETH (about $50,000 at the time of writing). Validators had frozen a total of 13,190,533 ETH as of August 1, 2022 to secure the network.

How will it affect you as an EQIFi user?

EQIFi has taken the following steps to ensure the safety of users' funds during the Merge and a potential hard fork:

Deposits & Withdrawals

EQIFi will take a similar approach to other crypto exchange platforms. We will suspend deposits and withdrawals for ETH and ERC-20 tokens for 48-72 hours while the Merge takes place.

Please note that the BNB Chain may also incur deposits and withdrawal suspensions during the Merge.

Before we halt withdrawals and deposits, please make sure you give your ETH and ERC-20 token transactions enough time to complete. For users holding ETH and ERC-20 tokens on EQIFi, we will handle all technical requirements.

Regarding the Merge

If no new coin is formed, EQIFi will promptly reopen ETH and ERC-20 token deposits and withdrawals. In-app notifications will keep you updated in the event of any modifications you need to be aware of.  

In the event of a fork and a new generated token, the “ETH” ticker will be used for the Ethereum PoS chain.

Please be advised that, should the chain split actually happen, EQIFi may change how the chain split is processed moving forward.

We believe in the Ethereum network and feel that the crypto industry is going to benefit from the revolutionary shift from Proof-of-Work to Proof-of-Stake. Although we may go through some growing pains, we are on the path to becoming the solution to all global financial needs.

Thank you for your support in building the future of finance!

The EQIFi Team

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This announcement may be modified, changed, or canceled at any moment and for any reason without previous notice at EQIFi's sole discretion.

Risk Warning: Digital asset prices are subject to high market risk and price volatility. The value of your investment can go down or up, and you may not get back the amount you invested. You are solely responsible for your investment decisions, and EQIFi is not liable for any losses you may incur. Past performance is not a reliable predictor of future performance. You should only invest in products you are familiar with and where you understand the risks. You should carefully consider your investment experience, financial situation, investment objectives, and risk tolerance and consult an independent financial adviser prior to making any investment. This material should not be construed as financial advice. For more information, see our Legal Page.

We are celebrating one year since the launch of our platform. As the first DeFi project backed by a fully licensed and regulated digital bank, EQIBank, we promised to provide a seamless bridge between DeFi and traditional finance and to create a community around this goal.

It’s time to look at our past year's achievements, the completed timeline, and our plans for the future.

Year in Review

Our initial product offering proved that we had identified a market need, created a strategy and built a great starting point for what will become a one-stop shop for all your financial needs. The original product suite included: the Yield Aggregator, Fixed and Variable Rate Deposits and Loans, Interest Rate Swaps, and the EQIFi Visa Card (powered by EQIBank).

As we continued to upgrade and improve on our community’s feedback, our community was ready to welcome the EQIFi Mobile app by the end of Q2 2022, alongside new functionalities, features, and integrations detailed below.

Building an Ecosystem

DeFi is all about decentralizing, but a trustless ecosystem means both robust infrastructure and capable partners that help you build forward. Subsequently, our main strategic focus was nurturing partnerships for more accessibility, functionality, and utility. EQX was listed on over 17 exchanges and wallets (naming just a few: Kucoin, Gate.io, XT.com, Changelly, PancakeSwap, 1Inch, BKEX, ZT Global, HitBTC, Freewallet, LUMI, iMe, and SimpleSwap), EQIFi was the first DeFi project to be listed on the Nasdaq, Bloomberg, and Refinitiv Terminals, and managed to be one of the first DeFi branches in the Metaverse!

Our team continued to seek more utility and ways for our community to interact with DeFi, so in 2022, we shook hands with Simplex, and Shopping.io, and prepared a few more partnerships that are in the pipeline.

How are we doing it all?

The Yield Aggregator

Our signature product is the Yield Aggregator - an automated aggregator of leading external yield farming products that automatically assigns capital between different liquidity pools, seeking the optimum profit margin.

The Analytics Engine powering the Yield Aggregator scans farming products all across the DeFi industry. It leverages machine learning, predictive analytics, and signal processing, among other factors, to analyze market conditions and maximize returns.

We believe it deserves a separate article explaining in more detail how it works - and you can check it out here - Yield Aggregator

Deposits and Loans

Our Fixed Rate Deposits and Loans make lending and borrowing easier than traditional finance and provide better interest rates simultaneously!

With the EQIFi deposits, you set your terms and earn accordingly! You can choose to make a deposit over 2 to 12 months and get a fixed interest rate of up to 10%. There is more! If you stake EQX, that number can increase by up to 12.5%, depending on the Staking Tier.

Once you have made a deposit, you will be able to take advantage of the loan offer! For example, you can have interest rates starting at 6% and LTV (loan-to-value) ratios up to 75%. Depending on your Staking Tier, you will receive preferential rates, and LTV.

The Mobile App

Together with the Mobile App, zero fees for peer-to-peer transfers were introduced, meaning you can send and receive crypto to and from your contacts with no fees. You can also access your EQIFi investment portfolio directly from your mobile phone and track your earnings on the go for both the ETH and BNB blockchains!

We want to give users and the people around them more financial freedom, and the mobile app helps us do just that! More features are coming really soon, so stay tuned for those!

Banking with EQIFi & EQIBank

Interoperability with a fully licensed and regulated bank has been one of the foundation stones of our ecosystem. With a fully KYC-ed account on the EQIFi platform, you also benefit from top-tier digital banking services offered by our partner, EQIBank!

Whether you are looking for OTC (over-the-counter) services, an EQIBank Visa Card, loans, custody of assets, or even wealth management services, you can enjoy the best services an awarded global digital bank can provide. All your banking and DeFi needs will be taken care of!

EQIFi and EQIBank are licensed and regulated institutions, ready to provide transparent, secure, and seamless services, but most importantly, peace of mind!

Moreover, by signing up directly through EQIFi, you can access the EQIFi Visa Card, a hybrid card that enables you to spend crypto in over 44 million locations worldwide, wherever Visa cards are accepted!

Pay for your groceries, a dinner out, your Amazon order, and the taxi home - all powered by EQIFi and EQIBank!

Expanding our reach

More than 30,000 users worldwide have enjoyed using EQIFi since our platform's launch in August 2021. We plan to have sustainable growth, listen to our community’s preferences and needs, and always come forward to meet them at the highest possible standard.

If you've read this far and you’re not a user yet, make sure to sign up here!Our users are the ones who help us grow and expand, but along the way, we want to spread the word about DeFi, and our mission on a worldwide scale! This is why we create educational content, giveaways, and events to connect with communities in over 180 countries. This has allowed us to engage with more than 200,000 people online and offline.

Moving Forward

We have come a long way since last year. We went through a bull market, and are traversing a bear market in a highly competitive industry where, in our opinion, striving for excellence and stellar performance is the only way to outperform competitors.

As we look toward the future, we have some essential plans in mind:

• Add 2 BNBChain portfolios to the Yield Aggregator, starting September 2022. The minimum investment for this will be $100 instead of the $1000 minimum for Ethereum.
• Integrate more blockchains and tokens into our ecosystem, such as Avalanche and Elrond;
• Offer more and more use cases for the EQX token;
• Migrate towards a Mobile First approach: Fixed Rate deposits and loans on the mobile app, plus other programs and features;
• Native Banking Access in the mobile app for seamless crypto to fiat transactions.

Thank you for being our partners on this journey!

Here’s to the future of finance and many more rewarding years ahead!

The EQIFi team.

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As 2021 Blockchain Trailblazers Award winners, it was our pleasure to accept the invitation to the Founders on Fire 2022 podcast by Tech Trailblazers.

Our CEO - Brad Yasar - had a great time discussing ideas and plans with Rose Ross, Trailblazers Award founder. In it, Brad unfolds how he became a well known global leader in technology, an investor, and an entrepreneur.

He shares the story of how EQIFi came into being. From identifying the gap in the market to the idea and developing EQIFi to what it is today. Furthermore, Brad walks through the journey of creating the bridge between DeFi and the traditional banking world, emphasizing how important choosing the right people for your business’s success is!

Check out the podcast below and visit the Tech Trailblazers website for the full interview transcript!

From everyone at EQIFi, thank you and don’t forget to follow us on social media for more stories and exciting news about our upcoming initiatives!

The EQIFi Team.

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Trading and investing take time and effort on top of our regular lives. We know that the steep learning curve, keeping up with the market, and gaining consistent returns can take away much of your energy. This is why, a year ago, we came up with the yield aggregator, our flagship product aimed at making your crypto investments as seamless as possible.

Those who are new to the cryptocurrency investment realm tend to risk large amounts of money in hopes of instant profit, therefore they are more susceptible to the volatility some crypto assets hold.

EQIFi offers a solution for beginners and advanced investors alike - An automated protocol built by a team of professionals that could save you money and safeguard your assets from the bear market sentiment.

Find below more details about the product earning +30% for investors even in a bear market.

What is EQIFi’s Yield Aggregator?

When it comes to crypto, there’s no shortage of ways to make money. With a little knowledge and the right tools, investing in cryptocurrencies can be as simple as choosing the right portfolio, or as complicated as trading algorithms and market predictions. But where do you start?

If you’re looking for a way to accelerate your growth or simply want to diversify your portfolio, it’s important that you choose the best option for your needs. That’s why EQIFi has created the Yield Aggregator, a tool that makes it simple for anyone—whether they’re new to crypto or an experienced investor—to invest their funds in yield-generating assets.

The EQIFi Yield Aggregator is designed to be accessible to those familiar with DeFi and yield farming and those entirely new to the sector. The Yield Aggregator automatically assigns capital between different liquidity pools, seeking the optimum profit and margin.

Why invest using the Yield Aggregator?

The user experience is greatly streamlined due to the many benefits of yield aggregators. When yield farming, a typical user experience looks like this:

• Swap token
• Deposit into the liquidity pool
• Stake into a distribution contract
• Claim rewards
• Sell rewards
• Repeat

Whenever these steps are carried out repeatedly, it takes up valuable time and expensive gas money, especially when using Ethereum.

Yield aggregators help to pool deposits together and transform this process into an enjoyable experience. You just need to worry about deposits and withdrawals; the yield aggregator takes care of everything else, including interest accumulation and selling the farmed returns.

If you want to get started with our yield aggregator or want to learn more about how it works, check out the next section of this article or dive deeper into our Help Center.

How to use it?

Create an account on our Mobile App or Web Platform.

By signing up for an account, you can use the Yield Aggregator from home or on the go.

Top up

Buy crypto or transfer your assets to the crypto wallet linked to your account

Select a Portfolio

Choose one of EQIFi’s Yield Portfolios based on different liquidity pools and APY percentages.

At the moment, you can invest in one or more of the following portfolios:

• Stablecoins Balanced Liquidity
• Stablecoins & Ethereum Liquidity
• Ethereum Liquidity

Enter Token & Amount

Pick which token you want to deposit into and enter your desired amount. Currently, the minimum investment is $1,000 worth of the desired token. You can deposit USDT, USDC, DAI, wBTC, ETH & EQX.

Earn and Withdraw

Watch the portfolio performance in the EQIFi app and monitor your earnings. You can withdraw at anytime after the minimum 7 days of investment have passed. Your maximum withdrawal time will be 72 hours as we need to perform complex operations on DEXs and AMMs.

If you've been holding off on opening an account because you didn't know where to start, this is definitely a great way to get started!

Wrapping up

As DeFi continues to grow and mature, yield aggregators can help you seek the best yield available on the market and the safest ones without the manual work.

And if you've read this far, we have a sneak peek for you. We cannot say more, but get ready for a new Yield Aggregator portfolio. It will be a new opportunity to diversify your portfolio, with the same market exceeding performances, but this time with a lower entry limit. Stay tuned.

The EQIFi Team

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We, at EQIFi, strive to make the financial lives of our clients easier and more convenient, and have made it our mission to build a global DeFi gateway for people, businesses, and institutions to easily onramp and offramp the crypto world, and earn industry leading returns while doing so! Our main strategic goal for our native EQX token is to offer more real-life utility so we can better serve our community.

It is therefore our great pleasure to announce that we have partnered up with Shopping.io and EQX will be available to spend through them!

Shopping.io is the first fully interoperable bridge between the cryptocurrency realm and large e-commerce websites. Founded by a veteran group of dropshippers, crypto-developers and creative marketers, Shopping.io aspires to forever change how we purchase things online.

With them, you can choose to order some of your favorite products from the likes of Amazon, eBay, Walmart, or HomeDepot and pay directly with your crypto!

They are working towards launching a Chrome extension and integrating more and more e-commerce shops onto their platform, and are preparing to launch a ShoppingVerse shopping mall in the Metaverse.

How to Shop

Step 1: Go to the Shopping.io official website.

In the upper right-hand corner, click the Login button. If you’re a new member, click the Register button. Those who are members already, kindly proceed to Step 3.

Step 2: Login/Sign Up

Once you click "Register," a list of pricing plans will appear. Select the plan that fits your needs, making sure to read the benefits of each plan. In this demonstration, we will use the Free Plan. Click the "Sign Up" button and fill in your email and password.

A 2FA process is required to complete the registration. The 2FA code may be sent to your spam folder.

Step 3: Set up your Account Details, Billing, and Shipping Address

Now you can set up your billing and shipping address.

Step 4: Start Shopping!

You’re all set now with your details. Now, you can start shopping!

On the Shopping.io homepage, you will see a search bar where you can search for any product available on Amazon, eBay, Walmart, and Home Depot by name or ASIN number. The platform will give you options from all of Shopping.io’s available stores, allowing quick and easy price comparison.

Step 5: Add to Cart.

To add items to your cart, click the small cart icon under the desired product.

Step 6: Checkout Order.

In the top right corner of the page, click the Cart button to view your cart and place your order. Upon clicking the Cart button, you can Proceed to Checkout; making sure to check your shipping address and cart contents before continuing.

After clicking Proceed to Checkout , you need to review your Billing Address and select a Form of Payment.

In order to pay with EQX, select Shopping Pay, accept the terms & conditions, and click the Proceed to Shopping Pay button.

Almost finished!

Last Step:

Shopping Pay will open and prompt you to select a token to pay with. Select EQIFi (EQX) and complete the payment by sending the token value displayed to the wallet shown on the next screen.

Always remember to double-check your account details, billing, shipping address and of course, whether your wallet is on the correct network when making the payment.

Well done! You’ve made your first purchase using EQX !

Promotions

Additionally, because we want to celebrate this partnership and encourage the EQX-holder community to take advantage of this new functionality we brought to them, if you order a product through Shopping.io and checkout with EQX, you get FREE international shipping from August 15th until August 21st.*

On top of that, starting August 11th and until September 14th, all orders paid for in EQX will get a 2% discount.*

Later update: The FREE international shipping and 2% discount promotions have been extended until September 25th.

Shopping.io and EQIFi are very glad to be working together to create a world in which crypto and fiat are fully interoperable and where having to invest a lot of money to take advantage of the crypto world is not the case!

So, what will be your first EQX purchase? Let us know!

*Please note that EQX checkout & discounts are not available in the US. US citizens can use Shopping.io with other payment options.

Until next time,

The EQIFi Team.

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