Elyfi adds real estate to the DEFI concept. It is an extension of existing applications for converting crypto to cryptocurrency as ELYFI will introduce traditional assets to the open financial market.
Contents:
Description of the Elyfi project
For real assets to be recognized at their value in the chain and used as digital assets, not only the logic of a smart contract must be valid, but the relationship between the blockchain and tangible assets must also be carefully managed and monitored. Therefore, in order to maintain the ELYFI ecosystem correctly and sustainably, the structure and relationships between the participants must be logical and appropriate, which allows the stakeholders to draw a “fair and reasonable” conclusion about why ELYFI supports the ecosystem in a certain way. The developers are convinced that decentralized financial markets will achieve more significant growth and achieve more.
Key features of the coin defi project:
| 1 | ЕLYFI — a decentralized project that connects two capital markets in the banking and finance industry: real assets and cryptocurrencies. |
| 2 | Anyone can participate and contribute to the development of the project, if he agrees with the significance of the project. |
| 3 | Everyone is free to use and apply the crypto project, but the participants in the development are not responsible for the consequences of non-fulfillment of proposals. |
ELYFI operates through constant interaction between various participants. Participants make decisions by working remotely in different locations and are paid to participate in decision making.
ELYFI generates and destroys various types of tokens. They consist of: ABToken, AToken, LToken and DToken.
Other details of crypto defi work
In the case of bonds, backed by real assets, after the expiration of the maturity and an insolvent liquidation, ABToken tokens are purchased through the open market of NPL Management Ltd. An open market - a smart contract that exists at a different level than the money pool. Through the open market, ABTokens are sold, which are equivalent to insolvent bonds. In accordance with the liquidation process, sales of ABTokens, made on the open market, are automatically transferred to the money pool contract through which the loan, received from the money pool, is repaid.
An introductory document is available on the site. Thus, each participant can study the features of the project. From social networks, the community leads:
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