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Home Blockchain News

TRAVA.FINANCE Partners With DFYN

Fred Fulton by Fred Fulton
August 3, 2021
in Blockchain News
0
TRAVA.FINANCE Partners With DFYN

TRAVA.FINANCE has finally entered into a partnership with DFYN to employ the multi-chain infrastructure of AMM along with the Router Protocol of DFYN that enables cross-chain transfers and swaps. Through the partnership, the two platforms seek to cooperate in providing the lending platform of TRAVA with the cross-chain solutions of the ecosystem of DFYN. TRAVA enables cross-chain lending based on parameters that include Loan-to-Value ratio, exchangeable cryptocurrencies, liquidation threshold, and borrow/supply interest rate. As a part of the agreement, TRAVA shall offer a credit score rating service to DFYN. This credit score is estimated based on various factors that include transaction history, total assets, circulating assets, loan ratios, and reliability of possessing assets in wallet addresses. The credit score rating helps the users by providing them with optimal benefits.

Through the partnership, TRAVA shall receive support from DFYN for the launch of lending pools by the application of Layer-2 DEX technology to pool creation. The lending pools shall enable the users to engage in gasless transactions across multiple Blockchains at super-fast speed. More incentive programs will be launched soon as DFYN is looking forward to helping with farming activities at TRAVA. At present, TRAVA Finance shall employ the Router Protocol to enable the mortgaging of assets at different Blockchain networks, including Polygon, Matic, ETH, and BSC. Created by the team of developers at DFYN, Router Protocol is a protocol for cross-chain liquidity transactions.

As a part of the strategic agreement, the ecosystem of DFYN is going to employ the NFT-collateralized facility of TRAVA finance very soon. The multi-chain AMM DEX platform of DFYN is currently functional at the Polygon Network. The DFYN nodes serve as the points of entry and exit for liquidity at various Blockchain networks, leading to creating a super mesh of cross-chain liquidity powered by Router Protocol.

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Fred Fulton

Fred Fulton

Fred Fulton holds 10+ years of experience in news writing, and he recently joined BitcoinNewsUpdates as a news editor. His writing and analytical skills are very sharp, and he always tries to cover all the necessary information in the articles, which helps the reader a lot.

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