George Town, Cayman Islands, July 18th, 2024,
Chainwire
Zivoe, a Real-World Asset (RWA) credit
protocol, is thrilled to announce its upcoming launch with a
targeted launch date of July 31st. This event marks a significant
milestone in leveraging blockchain technology to democratize access
to credit.
Zivoe aims to broaden credit access by linking on-chain
liquidity with real-world borrowers. Initially, Zivoe will issue
on-chain loans to a strategic lending partner, who will then use
that capital to originate more affordable fiat loans to consumers.
In the long term, Zivoe plans to engage directly with consumers,
further bridging the gap between on-chain finance and traditional
financial (TradFi) systems.
The launch coincides with Zivoe’s Initial Tranche Offering
(ITO), a unique liquidity bootstrapping mechanism designed to
attract initial Total Value Locked (TVL). Liquidity providers (LPs)
can deposit stablecoins into either Zivoe’s senior or junior
tranche, receiving Tranche Tokens in return. These tokens aim to
offer risk-stratified exposure to Zivoe's loan portfolio, which is
secured by a special purpose vehicle (SPV) backed by the cash flows
from consumer loans and can be staked to earn yield.
ITO participants will also be eligible to receive $ZVE, the
platform's native governance and utility token, which will be
airdropped upon the completion of the ITO. The ITO is scheduled to
begin on July 31st and will run for up to 30 days.
Led by a team with extensive experience in both TradFi consumer
lending and decentralized finance (DeFi), Zivoe has successfully
raised $8.35 million in a funding round featuring prominent
investors such as Andrew Keys, Iceberg Capital, Concave, and
others.
“We are grateful to reach this significant milestone
and blessed to introduce an innovative solution to the traditional
lending industry,” said Kristal Gruevski, Founder and General
Counsel of Zivoe. “Our ITO will provide DeFi users (US Accredited
Investors and Non-US persons only) with unprecedented access to the
consumer credit market. This is just the beginning of a new era
where blockchain technology and real-world lending converge. We are
beyond excited to help millions of underserved individuals around
the world while bringing a new RWA product to DeFi.”
Disclaimer: For non-U.S. persons and U.S. accredited investors
only. Providing liquidity involves risks, including complete risk
of loss. Please review terms and conditions and consult with a
professional advisor as needed.
For more information about Zivoe and its upcoming Initial
Tranche Offering, please visit https://www.zivoe.com/.
About Zivoe:
Zivoe is a Real-World Asset credit protocol set
to disrupt the multi-billion dollar high-interest consumer lending
market. By connecting global DeFi liquidity to private credit
markets, Zivoe aims to channel much-needed capital into underserved
areas, making credit more accessible and affordable for everyone.
Additionally, Zivoe seeks to introduce consumer loans as a new
source of Real-World Assets in DeFi markets, enriching the
ecosystem with yield opportunities derived from real economic
activity.
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Contact
Kristal
Gruevski
inquire@zivoe.com