Revolutionizing fixed-income in DeFi, Egoxify leverages the power of blockchain technology to tokenize real-world assets like machinery, factories, and inventories. Operating on the robust Avalanche blockchain and seamlessly connecting to seven others, Egoxify bridges the gap between traditional finance and the DeFi ecosystem. Manufacturers can now benefit from real-world yield generation by borrowing against their tokenized assets, unlocking unprecedented financial flexibility.
Connecting Investors and Manufacturers:
Egoxify bridges the gap between investors seeking yield and manufacturers needing capital. This is achieved through a unique tokenization process:
- Real-world assets: Machinery, factories, and inventories are tokenized and locked as collateral in liquidity pools.
- Investor participation: Investors provide liquidity to these pools, financing the underlying assets.
- Manufacturer access: Manufacturers can borrow funds from the pool against their tokenized assets, meeting their capital requirements. This can be done directly or indirectly through partnerships with banks.
Dual-Token Structure:
Egoxify offers two distinct tokens for investor participation, catering to different risk appetites:
- eUSD: A stablecoin representing a lower-risk, senior tranche. eUSD holders earn fixed daily interest and enjoy greater liquidity.
- XIFY: A token representing a riskier, junior tranche. XIFY holders earn higher, variable yields but face potential losses if an asset defaults. XIFY holders also govern loan generation, influencing the platform’s direction.
Key Features:
- Asset-backed lending: Real-world assets provide security for investors and manufacturers.
- Flexible participation: Manufacturers can choose direct or indirect access, while investors have diverse risk-reward options.
- Dual-token structure: eUSD and XIFY cater to different preferences and incentivize active participation.
- Governance: XIFY holders play a role in shaping the platform’s direction.
Egoxify Token (XIFY): Powering the Protocol
The XIFY token is the lifeblood of the Egoxify ecosystem, residing on the Avalanche blockchain with convenient access through wrapped versions on Polygon, Fathom, Celo, and others. XIFY serves multiple crucial roles:
- Governance: XIFY holders wield the power to shape the platform’s future, voting on critical decisions like protocol upgrades and partnerships.
- Staking: By locking their XIFY tokens in designated pools, investors contribute to the stability and security of the ecosystem, earning attractive staking rewards in return.
- Transaction fees: XIFY fuels all transactions within the Egoxify platform, including borrowing, lending, and governance participation.
Token Distribution:
A total of 280 million XIFY tokens have been allocated to various stakeholders, ensuring a robust and sustainable ecosystem:
- Community Drop (5%): Rewarding early adopters and incentivizing community engagement.
- Core Contributors (5%): Recognizing the efforts of those who built the platform.
- Staking Rewards (20%): Encouraging active participation and securing the network.
- Marketing (20%): Fueling strategic growth and user acquisition.
- Liquidity (25%): Ensuring smooth market operations and facilitating efficient token exchange.
- Research & Development (15%): Driving innovation and advancing the platform’s capabilities.
- Team (10%): Aligning the team’s interests with long-term success.
Questions? Connect with Us
