DMX-Tera to cooperate with Defy Service

2019-11-27 11:11:14

Receive interest in terra loan

Tera, which issues cedar subsidiaries DMS and Stablecoin, agreed to expand the DeFi decentralized financial services ecosystem in Korea.

Tera said on Dec 27 that it will provide the deposit and loan service of won-based stablecoin 'Terra KRT' in Trinito's blockchain reward wallet.

The service can earn interest by depositing StableCoin Terra in Trinito.

You can also borrow Tera as collateral for major cryptocurrencies in the market such as Bitcoin and Ethereum.

Interest rates vary organically with market demand and supply.

The higher the deposit, the lower the loan interest. Conversely, the larger the loan, the higher the deposit interest.

Currently, interest on Tera KRT deposits is 5.83% annually and 0.0159% daily.

Loan interest is 8.46% per year and 0.0231% per day.

Trinito is a service provided by DMX.

It provides a blockchain personal wallet that can deposit and loan crypto contract assets based on smart contracts.

Trinito is implemented in the Orbit chain and all transactions are transparent.

Wallet assets can be controlled with 100% user rights.

Thera plans to spur on its Depay service with this Trinito service.

Defy is currently being identified as a key vehicle for the revival of the cryptocurrency market.

Remittances, settlements, and loans performed by traditional banks will be linked to cryptocurrency as digital asset financial services.

We are building a new paradigm in the financial market, including low fees, benefits, and investment value combined with multiple derivatives.

"The terra is suitable for use in next-generation financial activities such as defy service by eliminating existing cryptocurrency price volatility."