For the second week in a row, the ERC-20 token, EQIFi (EQX), has made it into the biggest gainers of the week chart. EQIFi ranks third on the biggest gainers’ list for week 22, moving up 7,485 spots to rank 667 on the overall list. EQIFi has skyrocketed 11,592 places from its 12,259 spot three weeks ago in two weeks. These numbers recorded have shown that the 18Digits community has taken a deep interest in the token. So, what is the thrill about? In this article, we shall give a brief analysis of the token and what took place over the last seven days to give you an insight into why so many people have voted EQIFi (EQX) for the second week running.
Before reading, please be aware that this material is not intended to provide financial advice. DYOR (Do your own research)
What is EQIFi?
EQIFi is a decentralized system that allows users to pool their ETH, ERC-20 tokens, stablecoins, and fiat currencies for lending, borrowing, and investing. EQIFi is the first DeFi protocol created in partnership with a global digital bank (EQIBank). EQIFi allows cryptocurrency traders, investors, developers, exchanges, and app users to borrow against various assets without selling them.
EQIFi token (EQX) Information
EQX currently has a price of $0.04025954 per token, with its market capitalization worth $7,256,242. EQX price has been down -0.9% in the last seven days, with a seven-day high of $0.04441156 and a low of $0.03675659. The token has a circulating supply of 180 million EQX coins out of a total supply of 500 million EQX. (Price index from the 4th of June,2022, according to Coingecko)
Where can EQIFi be traded?
EQIFi (EQX) can be traded on popular exchanges like KuCoin, Gate.io, and BKEX with the popular trading pair EQX/USDT and Uniswap (V2) with the trading pair EQX/WETH.
What makes EQIFi Unique?
EQIFi stands out due to the products that it offers its users, which include;
- Fixed-rate products: The Fixed-rate product will allow investors to get pooled loans at a fixed interest rate.
- Yield aggregator: The yield aggregator’s job is to automatically allocate cash to numerous liquidity pools and deliver the best possible returns at all times, making yield farming simple.
- Interest rate swaps: Interest rate swaps are forward contracts that allow users to exchange one stream of interest for another based on a predetermined principal amount.
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