Topic: 💎 AMPLIFY: Decentralized Financial Infrastructure 💎 - page 2. (Read 2625 times)

Community Testing Event Reminder

Don't forget that the Community Testing Event is in full swing! We have amazing news for all our supporters: we are moving to the testing phase and we invite everyone to join us!

🔻 Here is what you need to do:

1️⃣ Share a comment to this post with the tag #AMPT_testing and include your ERC20 wallet address;

2️⃣ We will send you testing ETH via the Rinkeby testnet - after all this is a borrowing and lending platform so you’ll need funds to test;

3️⃣ Go to https://rinkeby.ampt.tech, connect Metamask on Rinkeby testnet and test away;

4️⃣ Report your feedback and bugs on Holdex (https://holdex.io/x/amplify) in the relevant thread or in our other social media channels using the tag #AMPT_bugreport.

☑️ Every participant will be rewarded according to their efforts and their speed. So only the first one discovering a confirmed bug will be rewarded:

➡️ 100 AMPT reward for simple bug reporting in writing
➡️ 300 AMPT reward for bug reporting with a screen recording
➡️ 500 AMPT reward for bug reporting with a screen recording and a solution

✉️ We are waiting for your bug reports!

Fellows, what are your thoughts on the future of crypto?

what is the transaction fee?

In your opinion, how is this project attractive for users?

DeFi Digest: Main Stories This Week

☑️ 29.03.2021 - 04.04.2021

After slouching to $40B at this point last week, the DeFi’s total value locked (TVL) rebounded quickly to its current position of +$45B. The upswing in activity notably coincided with the BTC and ETH prices roaring back near all-time highs in recent days. And it is monday today, so we want to share last DeFi stories with you:

🔘 Sushi First Course — 2021 Q1 Update
Popular DeFi trading protocol SushiSwap outlines all the advances its infrastructure and community made in the first quarter of 2021.

🔘 5 Ways Uniswap V3 Changes the World for Liquidity Providers
The Sommelier Finance team breaks down how the coming Uniswap V3 system is going to change the way LPing works in DeFi.

🔘 Exploring New Frontiers with Aave
DeFi lending project Aave kicks off its New Frontiers program, which will entail the protocol integrating with multiple scaling solutions starting with Polygon.

🔘 Announcing xU3LP: Fungible, Convenient Liquidity Provision for Uniswap V3
The xToken team unveils xU3LP, a solution that will bring fungibility to a selection of Uniswap V3 NFT LP positions.

🔘 What you should know about Fei
The Fei Protocol team explains the inner workings and nuances of the FEI stablecoin system, like how the project handles collateral risk.

🔘 Element Finance Raises $4.4M to Bring Liquidity to Fixed Rate Income and Interest Markets
New DeFi fixed rates project Element Finance announces the details of its seed round, completed in Dec. 2020.
The DeFi market continues growing and we will continue watching it for you! AMPLIFY believes in keeping track of the market.and staying up to date with trends.

This is a new project. Just started recently but moving at a good pace.

Thanks. In your opinion, is this project safe?

https://t.me/ampttoken

yes

Are there any programs to attract users?

Please give me a telegram link?

Follow the news. We will definitely tell you about it.

Nizam Ismail Speaks To Bloomberg

In a new Bloomberg article, AMPLIFY advisor Nizam Ismail has shared his opinion on the current situation on the cryptocurrency market. Nizam spoke about the world's regulators’ changing approach towards cryptocurrency.

Read the entire article at the link: https://www.bloomberg.com/news/articles/2021-04-01/rich-crypto-investors-going-it-alone-pulls-goldman-off-sidelines

when will you be listing on uniswap?

using crypto as basis for supply chain financing, so far none. But we hv competitors for supply chain financing using fiat.

Market Problems, AMPLIFY Solutions

Now is the time to remind you why we have decided to launch our project and what problems of the market we are going to solve. Today’s post will be discussing exactly that. So, what do global markets look like today?

A huge portion of the supply chain cannot get credit. Financial institutions hardly grant credit down the value chain (2nd and 3rd level suppliers). Why? Traditional credit-grating mechanisms rely on the credit rating of the 1st level enterprises (also called core enterprises) - If and when non-core enterprises get credit, the costs associated with the grant are too high.

Another problem is that it is difficult to verify the authenticity of trading transactions. Supply chain finance is based on the credit rating of core enterprises. However, financial institutions must verify the authenticity of the whole trade flow, which is expensive, inefficient and unreliable.

As a result, the financing and risk costs are high. The capital liquidity is poor. Traditional financial institutions’ model is very centralized and limited to core enterprises. Non-core enterprises — especially SMEs —suffer therefore of inefficiency in credit granting, difficulties in clearing settlement, backward multi-party cooperation system and review system.

💡 What does AMPLIFY propose? A decentralized supply chain financial B2B2C infrastructure providing contract credit or asset mortgaged credit to companies that normally are left out of the traditional credit granting system. We will achieve this by bringing together the benefits of on-chain protocols (governance, liquidity, traceability) with off-chain stakeholders (legal & accounting firms, financial institutions, etc.) to ensure the value safety and legitimacy of the on-chain assets.

 You have any competitors? And how do you fight the competition?

Unlike others, which is purely yield farming purely on the crypto speculation. For amplify, it is going beyond that — it’s going to be for real business applications. This is the main difference.

Would you lend to an SME?

In 2020 small and medium businesses received loans worth tens of millions of dollars from global financial organizations. The lending volume was growing 20-25% on average from quarter to quarter. As a result, the amount of debt small and medium businesses owe financial institutions has increased by more than 50%, while delinquency rates dropped by just 2%.

Small business loans serve as a great source of profit for a lot of people, but here at AMPLIFY we believe that lending to businesses shouldn’t turn into debt bondage, and instead be simple and understandable to all parties. This is why we are creating a unique project that you can join right now. In our system, businesses will be able to:

🔹 Borrow and lend easily
🔹 Tokenize off-chain assets for collateralization
🔹 Sell and buy invoices
Individuals Will Be Able To:
🔹 Earn by lending
🔹 Decide who qualifies for loans

💬 What do you say? On what terms would you lend to an SME?

This project pleases with its functions and characteristics.