DeFa simplifies decentralized finance by providing a single-asset liquidity pool and mitigating the risks of traditional DeFi platforms through IOTA integration. Integration with IOTA also eliminates transaction fees, increasing efficiency and reducing costs for businesses and investors.
In the latest development, innovative decentralized factoring platform DeFa Primitive has officially joined the much-lauded IOTA grant program. DeFa is transforming the way businesses access liquidity by leveraging blockchain technology and invoice tokenization.
DeFa (Decentralized Factoring) is a new Web3 product recently launched by InvoiceMate that aims to bring real-world finance to the DeFi space. It also establishes a stable and secure alternative to Defi platforms by allowing businesses and investors to connect with each other for short-term funding. Additionally, DeFa leverages blockchain technology to enable transparent real-world economic transactions within the DeFi ecosystem.
DeFa brings a unique approach to decentralized finance (DeFi) by tying Annual Percentage Yield (APY) generation to actual invoice financing. Investors on this platform can profit by lending to creditworthy companies and reduce their dependence on the volatility of the crypto market. Additionally, DeFa’s model emphasizes stability and responsible financial practices, providing a safer alternative to the speculative nature of traditional DeFi platforms.
One of the great things about DeFa is its single asset liquidity pool, which simplifies the investment process for participants. Having all investors contribute a single type of asset simplifies the process and reduces the risks associated with dual asset pools. This approach also ensures a safer investment with returns associated with successful settlement of invoices, providing more predictable results for liquidity providers.
DeFa participates in IOTA grant program
As mentioned earlier, the DeFa platform allows businesses with unpaid invoices to tokenize them and turn these invoices into digital assets for instant funding. Instead of waiting months for payments, companies can sell tokenized invoices to investors, who earn revenue once the invoices are paid.
DeFa features the use of blockchain technology, which ensures that each invoice is traceable, verified, and secure. Integration with IOTA eliminates transaction fees, increasing efficiency and reducing costs for businesses and investors.
DeFa provides an alternative to traditional bank lending by offering decentralized factoring, giving businesses easy access to working capital, and providing stable returns to investors, all through smart contracts. The integration with IOTA strengthens DeFa’s position in the DeFi space, promoting financial inclusion and enabling smooth transactions for businesses of all sizes.
The IOTA Grants Program is part of the Foundation’s efforts to empower innovators within the IOTA ecosystem. We also help innovators turn their ideas into reality and go beyond financial aid to support research, education initiatives, open source development tools, and networking opportunities.
The IOTA Ecosystem DLT Foundation has announced its latest round of grants, awarding $3.6 million to support 29 innovative projects, CNF reports.
