Why AFP DeFi and why now?

(note: AFP stands for Arbitrage Farming Pool)

The total locked value in the DeFi ecosystem has reached an astonishing number of $4 billion dollars. And this number continues to grow exponentially with more and more innovative products being launched every day.

A lot of new market players recognize the value behind the DeFi ecosystem and keep joining every day, moreover, decentralized exchange Uniswap even surpassed Coinbase in daily volume on Aug. 30 as investors flock to DeFi and decentralized exchanges as a final proof that the “new player” is here to stay.

Despite the shocking growth of the DeFi market, a lot of cryptocurrency enthusiasts were not able to join the party due to the wide dominance of Ethereum-based projects. In order for these users to participate in this new and exciting ecosystem, they need to convert their non-Ethereum stable coins into the Ethereum ones.

If they convert their non-ERC-20 digital assets into ERC-20 based coins, they risk losing their staking rewards or any capital gains on their non-ERC-20 portfolio. Currently, the value locked in the PoS staking is 13 billion USD. This capital is not accessible to the Ethereum-based DeFi projects.

AFP DeFi team came up with an innovative solution to unlock these assets, and allow users both to enjoy the staking rewards, get possible capital gains on their non-ERC-20 portfolio, and simultaneously join the Ethereum-based DeFi party.

All the non-ERC-20 staked capital can be used as collateral to issue an ERC-20 based stablecoin rUSD (on Ethereum blockchain). Users of the Ethereum blockchain can also mint eUSD by depositing their Ethereum-based stablecoins.

rUSD and eUSD holders can exchange, borrow, lend their rUSD and eUSD freely on and off-ramp.

— Immediate access to the global DeFi ecosystem
— Increased staking ratio by utilizing the native tokens
— Farming of AFP tokens done via collateralizing stable digital assets
— Receive staking rewards on AFP tokens by using the collaterals in the Arbitrage Farming Pool.

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