DeFi
Zivoe to Launch Real Asset Lending Protocol Democratizing Access to Credit
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George Town, Cayman Islands, July 18, 2024, Chainwire
Zivoea Real-World Asset (RWA) credit protocol, is excited to announce its upcoming launch with a planned launch date of July 31. This event marks a significant milestone in leveraging blockchain technology to democratize access to credit.
Zivoe aims to expand access to credit by connecting on-chain liquidity to real-world borrowers. Initially, Zivoe will issue on-chain loans to a strategic lending partner, who will then use this capital to extend more affordable fiat loans to consumers. In the long term, Zivoe plans to engage directly with consumers, further bridging the gap between on-chain finance and traditional financial systems (TradFi).
The launch coincides with Zivoe’s Initial Tranche Offering (ITO), a unique liquidity seeding mechanism designed to attract initial total value locked (TVL). Liquidity providers (LPs) can deposit stablecoins into Zivoe’s senior or junior tranche, receiving tranche tokens in return. These tokens are intended to provide risk-stratified exposure to Zivoe’s loan portfolio, which is collateralized by a special purpose vehicle (SPV) backed by consumer loan cash flows and can be staked to generate yield.
ITO participants will also be able to receive $ZVE, the platform’s native governance and utility token, which will be airdropped at the end of the ITO. The ITO is scheduled to begin on July 31 and will last up to 30 days.
Led by a team with extensive experience in TradFi consumer lending and decentralized finance (DeFi), Zivoe successfully raised $8.35 million in a funding round that included leading investors such as Andrew Keys, Iceberg Capital, Concave, and others.
“We are pleased to have reached this milestone and excited to introduce an innovative solution to the traditional lending space,” said Kristal Gruevski, Founder and General Counsel of Zivoe. “Our ITO will provide DeFi users (US accredited investors and non-US persons only) with unprecedented access to the consumer credit market. This is just the beginning of a new era where blockchain technology and real-world lending are converging. We are beyond excited to help millions of underserved people around the world while bringing a new RWA product to DeFi.”
Disclaimer: For non-U.S. persons and U.S. accredited investors only. Providing liquidity involves risks, including the risk of total loss. Please review the terms and conditions and consult a professional advisor if necessary.
For more information about Zivoe and its upcoming initial tranche offering, please visit https://www.zivoe.com/.
About Zivoe:
Zivoe Zivoe is a real-world asset lending protocol set to disrupt the multi-trillion dollar high-interest consumer lending market. By connecting DeFi’s global liquidity to private credit markets, Zivoe aims to channel much-needed capital to underserved areas, making credit more accessible and affordable for all. Additionally, Zivoe seeks to introduce consumer lending as a new source of real-world assets to DeFi markets, enriching the ecosystem with yield opportunities derived from real economic activity.
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Contact
Kristal Gruevski
[email protected]