AvaxFi

AvaxFi operated as a decentralized finance (DeFi) lending platform, established in 2021 with its headquarters in Dubai, United Arab Emirates. The company is now considered inactive. In June 2022, the firm secured an undisclosed amount in a seed funding round from Zen Capital, a venture capital fund focused on Web3.

The platform was developed on the Avalanche blockchain, a network known for its high-performance infrastructure. AvaxFi's core business was to facilitate crypto lending through a decentralized and automated system. This allowed users to obtain instant loans by using their digital assets as collateral, with all transactions managed by smart contracts to ensure security. The business model was designed to generate revenue through transaction fees on its network, which were structured to be lower than those on competing blockchains.

AvaxFi's service was built to be a user-friendly and scalable solution for crypto lending. Key features included instant loan approvals, automated collateral management, and trustless custody of assets. By leveraging the Avalanche ecosystem, the platform offered benefits such as low transaction fees and high throughput. It was designed to support multiple assets through cross-chain bridges, connecting with other blockchains like Ethereum to allow for the use of various cryptocurrencies. The platform also planned to utilize a native ERC-20 token, AVFI, for governance and to pay for transaction fees, with a capped supply of 800 million.

Keywords: decentralized finance, DeFi lending, crypto lending, Avalanche blockchain, smart contracts, digital asset collateral, automated lending, cross-chain bridges, crypto-backed loans, Zen Capital, AVFI token, trustless custody, financial software, peer-to-peer lending, blockchain finance, digital currency loans, collateralized loans, Web3 finance, automated collateral