Trava.Finance strengthens consumer loan pools with increased support for seven new assets
The Trava Lending Pool – a software product derived from Aave adding other unique functions – will support the use of USDT, USDC, DAI, WBTC, WETH, BNB and BUSD as assets that users can take advantage of. and allow financial flexibility when creating their pools. Support for more tokens is underway, and users can expect more in the future as the new loan pool grows.
Make the difference
Trava also offers the W1 Liquidity Mining program as an incentive to celebrate the monumental occasion. All transactions involving deposits or loans will see users rewarded from a pool of $ 5,250,000 WORKED between September 16 to September 23 To 3 p.m. UTC.
Trava prides itself on serving users first, with the speed of transactions, gas fees, and robustness brought by the Binance Smart Chain network being key, with cross-chain lending an imminent possibility on other networks, such as ‘Avalanche, Polygon and Fantom in the near future.
Besides tailor-made loan pools with parameters defined by the users themselves, Trava also provides users with a credit score, which helps reduce loan risks and allows those with higher credit scores to ” achieve a high loan-to-value ratio. In addition, non-fungible tokens (NFTs), stock tokens, and other digital assets are considered possible collateral.
Trava can already identify wallet addresses of users using different strings, making consolidation transparent when collateral is required for loans. More statistical functions and data analysis features are on the way, which will improve the whole ecosystem for users and the platform.
âDeFi has great potential, especially as blockchain technology continues to improve. Trava helps realize this potential. Thanks to Trava, we can observe user needs and create unique functions to better support them, âsaid CEO and co-founder of Trava.Finance, Dr. Minh nguyen Explain.
Trava.Finance (or Trava) is the world’s leading decentralized marketplace for cross-chain lending and offers a flexible mechanism where users can create and manage their loan pools to start a lending business.
Deployed on the Binance Smart Chain, Trava allows lending with BSC tokens in the initial stages, with cross-chain lending with various tokens on Ethereum and other blockchain networks activated afterwards. Established in 2018 with more than 20 initial members, the team has brought together exceptional specialists and individuals in the fields of blockchain, security, finance, risk management and law to facilitate its growth. You can find out more about the team at https://trava.finance/.
Mrs Quinn Pham
E-mail: [emailÂ protected]