Oct 26, 2021
CRYPTO SME LOAN GOES GREEN AS BROKOLI PARTNERS WITH CREDEFI
Brokoli Network announces its partnership with Credefi, a platform aimed at connecting crypto lenders with SME borrowers from the fiat economy.
Before we dive into what this Partnership holds for both parties, let's take a look at what Credefi is all about.
What is Credefi?
Credefi is a DeFi platform that connects crypto lenders with SME borrowers from the fiat economy.
It was born to address the major issues that DeFi and TradFi are now facing. DeFi yields are volatile, unstable, and disappear in downturn markets. DeFi borrowers are speculative and fickle, and there isn't enough DeFi lending to go around.
Traditional banks have historically underserved SMEs, forcing them to borrow at excessive interest rates on a regular basis. Because there aren't enough lenders to meet SME borrowing demand, SMEs are forced to turn to other credit options. SMEs need reliable lending sources, and DeFi needs reliable creditworthy borrowers and that is why Credefi was created, to bring SMEs and DeFi together in a win-win solution.
The Brokoli-Credefi Partnership
In order to adopt green DeFi, Credefi has entered a strategic Partnership with Brokoli.
The income earned via Credefi protocol lending, Credefi platform users would be able to achieve climate positivity through the Brokoli partnership.
When the stipulated interests exceed the peak, the surplus interest from platform users will be used to fund climate-positive projects, courtesy the Brokoli API integration.
Brokoli will present Credefi to its climate partners for low-interest SME finance as a result of this partnership.
Brokoli will also integrate some of Credefi's projects to its DAO as decentralized offsetting partners, even though some of the projects Credefi funds are working to combat climate change.
For BRKL token holders;
A share of the revenue from Brokoli product adoption will be used to incentivize $BRKL holders in airdrops from climate fee revenue if you participate in governance.
- More $BRKL supply to be bought back from the market
- More token burn.
- More money will be spent to buy back $BRKL tokens.
- Possibilities for future collaboration with top DeFi lending platforms.
About Brokoli Network
Brokoli is the ultimate sustainability layer of multi-chain DeFi.
Brokoli combines DeFi and GameFi to reward users for creating, owning, and trading good influence. The project is divided into three stages, each with a single goal: to rapidly expand Brokoli's user base while reducing DeFi's carbon footprint.
- Brokoli’s core: Environmentally friendly gateway into the most popular DEXs and dApps.
- API: Any blockchain platform (centralised or decentralised) can implement Brokoli API to allow users to opt-in to a small climate fee that offsets their transaction’s footprint.
- Digital Forest / Brokoli Impact Credits: Users receive NFTs based on trees they have funded the planting of by using our products and completing daily quests.
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