Press Release

BitMax.io Announced the Primary Listing of FIN to Support Secure DeFi Lending

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Press Release

BitMax.io Announced the Primary Listing of FIN to Support Secure DeFi Lending

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BitMax.io (BTMX.com), an industry-leading digital asset trading platform built by Wall Street quant trading veterans, has announced the primary listing of DeFiner's FIN token (FIN) under the trading pair of FIN/USDT on October 12th at 10:00 a.m. EDT. Deposit and withdrawal were opened 48 hours in advance.

DeFiner is a decentralized finance network for digital savings, loans, and payments. Its FIN token is an ERC 20, Ethereum-based, cryptographic token connecting all parts of the DeFiner ecosystem. FIN's core use cases include distributed profits, proof of premium (POP), and voting rights.

In contrast to its competitors, DeFiner features a deposit strategy that centers on yield farming and expanding collateral options for its users. The revenue generated from 10% interest sharing and the auto-insured deposit insurance set DeFiner apart from other decentralized finance networks. DeFiner’s suite of tools also includes a yield aggregator, making the platform appealing for retail investors, institutions, and sophisticated yield farmers.

DeFiner is designed to be a solution to the broad spread between borrowing and lending rates. The platform successfully bridges this gap by depositing excess capital to DeFi money markets like Compound, optimizing DeFiner's capital utilization to remain above 85%. This gives depositors on DeFiner an average advantage of 2.46% interest greater than those deposited with Compound.

The DeFiner team brings together expertise from the technology and finance industries, with team members coming from the Federal Reserve and companies like Microsoft and Google. After the platform launch, DeFiner plans to release a wallet, savings product, and mobile application. The team engaged Trail of Bits and Consensus Diligence, the firms with proven track records of thorough, successful audits, to audit the security of the platform.

"The primary listing of DeFiner on BitMax.io will be beneficial for all involved – DeFiner, BitMax.io users, as well as users of the DeFiner platform," remarks Shane Molidor, Global Head of Business Development at BitMax.io, "DeFiner provides an optimized solution to capital utilization. The listing collaboration advocates and stimulates the development of this solution, and at the same time, brings the solution directly to BitMax.io users."

About BitMax.io 

Launched in August 2018, BitMax.io is a leading digital asset trading platform with a broad range of financial products and services for both retail and institutional clients, with robust design ranging from innovative volatility products to margin trading, derivatives trading, staking products, and other investment solutions.

For more information and updates, please visit:

Website: https://bitmax.io
Twitter: @BitMax_Official
Telegram: @BitMaxioEnglishOfficial
Medium: @bitmax-io

About DeFiner

As its name suggests, DeFiner aims to define the future of open finance by becoming the safest DeFi lending network in the crypto space. The platform empowers users to embrace the new digital economy and unlock instant value from their crypto assets through earning, lending and borrowing. In the next two quarters, DeFiner will inaugurate its wallet launch, savings product launch, and mobile application launch.

The DeFiner team consists of experts with a robust background in the tech and finance industry, who gained expertise from former Federal reserve and fortune 500 companies like Microsoft, Google, and Symantec

For more information and updates, please visit:

Website: https://definer.org
Twitter: @DeFinerOrg
Telegram: @definer
Blog: https://blog.definer.org
Medium: @definerorg

Featured image from Freepik

Updated 06:32 PM UTC+8, 15 Nov 2020
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