{"id":4457,"date":"2021-05-10T15:37:15","date_gmt":"2021-05-10T15:37:15","guid":{"rendered":"https:\/\/afluxcoin.com\/37\/project-rundown-interview-with-bifi-a-lending-and-borrowing-platform-with-lending-pooling-and\/"},"modified":"2021-05-10T15:37:15","modified_gmt":"2021-05-10T15:37:15","slug":"project-rundown-interview-with-bifi-a-lending-and-borrowing-platform-with-lending-pooling-and","status":"publish","type":"post","link":"https:\/\/afluxcoin.com\/pt\/37\/project-rundown-interview-with-bifi-a-lending-and-borrowing-platform-with-lending-pooling-and\/","title":{"rendered":"Project Rundown Interview with BiFi: A Lending and Borrowing Platform with Lending, Pooling, and\u2026"},"content":{"rendered":"<p>Disclaimer: The Capital has received payment in exchange for writing this articleHey guys! Happy to connect today and learn more about BiFi! Can you tell us more about the founding of BiFi and what the problem is that you were addressing?In 2016, we initially began the development of Bifrost, a multichain middleware platform that allows for blockchains to communicate with each other. While the technology was ready for initial commercialization, we realized that Bifrost was too early for the blockchain industry. With most DApps built on Ethereum and without other strong mainnet protocols DApp developers did not have an option of leveraging a multichain environment to build. At the same time, we took note of the surge of DeFi projects and saw the potential in enabling a truly multichain DeFi ecosystem.Gradually, we decided to develop our own DeFi called BiFi. BiFi is the Multichain DeFi Project built on BIFROST, the Universal Multichain Middleware. BiFi aims to create a decentralized financial infrastructure that connects all the capital markets currently isolated on each blockchain, and creates new products and services that interoperate across multiple blockchains.Could you please give us a rundown of the most important things about the BiFi?BiFi is a lending and borrowing platform with three main services (Lending, Pooling, Staking). It incentivizes users with interest and BiFi tokens for using the service.Lending (on Ethereum &amp; BSC): Users can deposit and borrow BEP-20 and ERC-20 assetsPooling (on Ethereum): Users can become a liquidity provider for BFC-ETH and BiFi-ETH pool on Uniswap, then stake LP tokens on BiFiStaking (on Ethereum): Users can stake BFC tokensSo going forth into 2020 and beyond, how will BiFI make an impact in the crypto space, or on the world?Without interoperability, the DeFi markets remain isolated on each blockchain, competing for users and assets. Leveraging BIFROST, BiFi\u2026<\/p>","protected":false},"excerpt":{"rendered":"<p>Disclaimer: The Capital has received payment in exchange for writing this articleHey guys! Happy to connect today and learn more about BiFi! Can you tell us<span class=\"excerpt-hellip\"> [\u2026]<\/span><\/p>","protected":false},"author":0,"featured_media":2796,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[35],"tags":[],"_links":{"self":[{"href":"https:\/\/afluxcoin.com\/pt\/wp-json\/wp\/v2\/posts\/4457"}],"collection":[{"href":"https:\/\/afluxcoin.com\/pt\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/afluxcoin.com\/pt\/wp-json\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/afluxcoin.com\/pt\/wp-json\/wp\/v2\/comments?post=4457"}],"version-history":[{"count":0,"href":"https:\/\/afluxcoin.com\/pt\/wp-json\/wp\/v2\/posts\/4457\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/afluxcoin.com\/pt\/wp-json\/"}],"wp:attachment":[{"href":"https:\/\/afluxcoin.com\/pt\/wp-json\/wp\/v2\/media?parent=4457"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/afluxcoin.com\/pt\/wp-json\/wp\/v2\/categories?post=4457"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/afluxcoin.com\/pt\/wp-json\/wp\/v2\/tags?post=4457"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}