Zivoe is gearing up for a major milestone with the launch of its mainnet on July 31, aiming to revolutionize access to credit through its real-world asset (RWA) protocol. This launch, coined as the “Zivoe Mainnet Launch,” is set to democratize credit access and bring significant advancements to the decentralized finance (DeFi) space.
According to news reports, Zivoe has successfully raised $8.35 million from investors. This funding is crucial as it coincides with the platform’s Initial Tranche Offering (ITO), a liquidity bootstrapping mechanism designed to attract initial Total Value Locked (TVL). The funds raised and the upcoming Zivoe Mainnet Launch will be instrumental in expanding the protocol’s credit features, connecting on-chain liquidity to borrowers in the RWA market.
Kristal Gruevski, Zivoe’s founder and general counsel, emphasized the transformative potential of their solution. He stated, “Our ITO will provide DeFi users with unprecedented access to the consumer credit market. This is just the beginning of a new era where blockchain technology and real-world lending converge. We are beyond excited to help millions of underserved individuals around the world while bringing a new RWA product to DeFi.”
On the day of the Zivoe Mainnet Launch, Zivoe plans to extend its on-chain loans feature to a key lending partner. This strategic partner will use the on-chain loans as capital to originate fiat loans for its consumers. In the long run, Zivoe aims to tap into the RWA market through direct engagements with consumers, furthering its mission to democratize credit access.
Zivoe Mainnet Launch: A New Era for DeFi and Traditional Lending Integration
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The Zivoe Mainnet Launch also marks the start of its Initial Tranche Offering (ITO). During the ITO, liquidity providers (LPs) can deposit stablecoins to receive Tranche Tokens. These tokens grant access to Zivoe’s loan portfolio, and holders can stake them to earn yield. This innovative approach ensures that participants can benefit from the protocol’s growth while supporting its liquidity needs.
In addition, Zivoe will launch its native token, ZVE, after the ITO. The ITO will run for 30 days from July 31, and participants will be eligible for a ZVE airdrop at the end of the 30-day period. This initiative is part of Zivoe’s strategy to build a robust community and reward early supporters.
Further news coverage emphasizes that the Zivoe Mainnet Launch is not just another event in the crypto world; it’s a significant step towards integrating real-world assets with blockchain technology. By bridging the gap between traditional lending markets and the DeFi space, Zivoe is poised to offer unprecedented opportunities for both investors and borrowers.
As the Zivoe Mainnet Launch approaches, the anticipation within the crypto community is palpable. With its innovative approach and strong backing, Zivoe is set to make waves in the DeFi space and beyond.
In conclusion, the Zivoe Mainnet Launch represents a groundbreaking moment for the protocol and the wider DeFi community. By bringing real-world assets onto the blockchain and democratizing access to credit, Zivoe is paving the way for a new era in finance. Keep an eye on The BIT Journal as the Zivoe Mainnet Launch unfolds, promising exciting developments and opportunities for all involved.
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