TRAVA Finance is a new project which recently launched on Pancakeswap. Trava is the first ever fully decentralized lending protocol in the crypto space. Before Trava, other lending protocols all consisted of only one lending pool with strict rules defined by the company themselves. TRAVA is a revolutionary lending platform which has built a market where users can start their own lending business.
Trava.Finance is the preeminent decentralized market for cross-chain lending. Current lending protocols, for example, come up with only a limited numer of pools with their own boundries. This includes borrow/supply interest rate, liquidation threshold, or a fixed catalog of fungible cryptocurrencies. TRAVA has introduced a an open-ended implementation where TRAVA users will be allowed to institute and control their own lending pools.
Features of TRAVA Finance
Trava will have many features included in their protocol. An influencer on Twitter, Wave Jumper, explains what these state of the art features include in a tweet below.
One neat feautre that TRAVA brings to their network are NFT auctions. One current issue with NFTs is that they are difficult to value and are relatively illiquid. However, TRAVA will be the first blockchain platform that will allow lenders to collateralize non-fungible tokens. TRAVA introduces an avant-garde utility that values non-fungible tokens based on auctions. Also, users can use TRAVA tokens as mortgages. And TRAVA also includes a credit check evaluation which ensures the safety of the lending process to reduce risk for lenders. Trava analyzes date currently from the Binance Smart Chain in order to do this. However, they do hint in the whitepaper that TRAVA might be looking into evaluating other chains for credit worthiness in the future.
TRAVA partnered with Oraichain, the world’s first AI oracle for blockchains. Oraichain will be able to share off chain data with the TRAVA network to enhance the network’s lending pools.
Final thoughts
TRAVA Finance launched on August 5th at Pancakeswap. TRAVA has already a large ground swell of support with a Telegram group of more than 10,000 members before the launch. With a strong team of developors and marketers, as well as free and open ended lending program, it’s possible TRAVA will become a big player in the DeFi community in the months and years to come.
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Aaron is passionate about blockchain and has been an investor in cryptocurrencies for the past years. He enjoys engaging with other people in the cryptocurrency community online, particularly on Telegram, and learning from experts.
