Binance Smart Chain-deployed Eco Defi is the first lending platform to launch in Korea and has already received backing from several renowned fintech companies based in the country. The team has established a trio of cornerstone services to accelerate adoption in their local home grounds through the Eco DeFi platform, Eco Market, and ECO NFT Market.
The current Eco DeFi platform beta is gearing up for a full launch later this month and enables users to supply and lend across nine tokens following the recent addition of XRP alongside USDT, BUSD, DAI, USDC, BTC, ETH, WBNB, and SOL.
With ESG compliance a key objective behind the team’s vesting procedures, Eco DeFi will deploy capital for renewable energy projects with a proven track record. The platform provides a sorely needed moat for projects and prospective investors by reducing capital barriers to spur wider involvement and opportunities.
The ECO NFT Market effectively facilitates revenue sharing by tokenizing renewable energy as NFT tokens to provide a transparent line for increased participation and monetization opportunities in the renewable energy market.
The team will feature flexible staking options for LP and ECOP tokens while the NFT Market provides staking yield features for NFT holders.
Along with the launch of the Eco DeFi governance token ECOP, Eco Defi has established a pair of renewable energy products consisting of a gasoline vapor recovery and liquefaction system as well as an eco-friendly biomass boiler that incorporates natural pellet energy for cleaner, more efficient output and carbon neutrality.
ABOUT ECO DEFI
Eco DeFi platform is the first Korean lending platform being developed with the Binance Smart Chain. It is divided into general Defi Lending Market, Eco Market where you can invest in new and renewable energy, and Eco NFT Market. Also on November 16, Dcoin and Eco DeFi signed a strategic marketing agreement.
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