EquiFi

🧠 Project Name

EquiFi

Do more with your stocks. On-chain.

🔍 Description

Background

• Increasingly clear convergence between TradFi and DeFi
  • TradFi accessing on-chain through DATs 
  • DeFi accessing TradFi through T-Bills (stables)
    • Tokenised RWAs and stocks in particular, is a growing segment
• Tokenized stocks brings
  • Global permissionless access
  • 24/7 liquidity
  • On-chain composability 'money legos'
• The use case of stocks (beyond price speculation) will be replicated on-chain
  • Collateral/leverage
  • Shorting 
  • Derivatives/structured products

Tokenized stocks enable you to trade stocks 24/7, DeFi's the way to enable its extended use case 24/7.

🛠️ How It Works

Our MVP, the money market for tokenized stocks, has implemented a custom pricing and liquidation logic to better enable tokenized stocks as collateral:

Tokenized stocks have dual liquidity sources with clashing times (TradFi market open/closes, on-chain is 24/7)

We developed a custom pricing logic that takes into account both TradFi liquidity and on-chain prices (for afterhours trading) with a drift parameter

Liquidation is a byproduct of pricing

Tokenized stocks will be actively market made between TradFi and DeFi, and orderbooks will be a primary on-chain venue, so we natively support liquidations via HyperCore (in addition to HyperEVM) 

Powered by:

• HyperEVM <> HyperCore
• Euler's EVK
• Customized Pyth feeds

💻 Demo

YouTube

What's next

• MVP (hackathon): money market supporting tokenized stocks
• Credit delegation: to bootstrap supply-side liquidity
• Full mint/redeem access liquidation bots: improve liquidation efficiency
• Index basket: generalized index for tokenized stocks to reduce liquidity fragmentation
• Vertical expansion: becoming the liquidity engine for tokenised stocks
• Horizontal expansion: increasing offerings to structured products

📂 Project Links

TG: @LexLoot0x | https://x.com/0xLexLoot

X: https://x.com/EquiFiXYZ

https://equifi.xyz/