Trava Finance Ecosystem Discovery: The 5 main Elements
In the past few weeks, we have been going on a journey to rediscover Trava Finance and its products. These include from Trava lending services and governance, Trava analytics tools, to Trava Knight NFTs, Trava Capital and Trava Tickets. This article will be a brief summary of those contents, so that you can better understand our ecosystem and come up with good ideas for our ongoing Idea Contest.
Trava Finance Ecosystem
Trava Finance is a decentralized finance (DeFi) ecosystem that aims to revolutionize the traditional finance industry by offering decentralized, transparent, and secure solutions. It consists of several products and services, such as Trava Lending services and governance, Trava analytics tools, Trava Capital, Knight NFTs, and Tickets. Each of them is designed to provide users with unique, innovative and user-friendly financial solutions alternative to traditional finance. The use of blockchain also ensures high-speed and low-fee transactions.
The five critical elements in Trava Ecosystem
Trava lending services and governance
Trava Finance offers decentralized services through its Trava Lending system, which allows users to deposit, borrow assets, or create and manage their pools. The last usage is what makes Trava Finance stand out from other DeFi lending platforms — users can create and manage their pools with Trava Pool Creation and gain more benefits in the system. This unique feature helps Trava Finance become a Decentralized Lending Marketplace with a multi-pool ecosystem, combined of the Trava lending pool and user-owned pools.
Trava Finance also aims to apply the DAO model to the entire system of Trava Finance with Trava Governance, which allows users to take control of the ecosystem. They can propose and vote on changes to the ecosystem, such as the addition of new products or the allocation of funds for development. Users can stake their TRAVA, rTRAVA, TRAVA/BNB in Trava Governance Vault and receive veTRAVA — voting power proportional to their stake. This allows for a more decentralized governance system, especially with the recent launch of veTRAVA Marketplace, a platform for the community to exchange veTRAVA.
Trava analytics tools
Trava Finance also offers a suite of analytics tools to support users in the decision-making process, such as Trava Scoring Service, Aggregator - BRicher and Lending Analytics. Such tools provide inclusive data and insights on the creditworthiness of different actors in the market, as well as trends and news. Trava analytics tools help users identify the benefits and opportunities, avoid the risks and make the right investments on multiple chains.
Trava Scoring Service
- Credit Score is a Trava rating technique to evaluate the creditworthiness of an account, giving you various information from your own credit score, to credit score distribution, histogram, top lists, etc.
- Token Health is an index to evaluate the creditworthiness and stability of tokens, which give users a comprehensive overview of tokens in the Cryptocurrency world, thus avoiding risks in investments.
- Wallet Reputation is a Trava parameter to evaluate the activeness and loyalty of token holders in the Trava ecosystem, so users can level up their ranks to receive more benefits and special offerings.
BRicher
This is a unique aggregator in the Trava Finance Ecosystem, which assists you in investing using various methods such as providing liquidity, swapping, staking, depositing, and borrowing in the lending pools, etc. With BRicher, you can track your own investment process, as well as get transparent information and composite strategies.
Lending Analytics
With the goal to give you a better experience in Trava Marketplace, Lending Analytics has been created, including user monitoring, pool monitoring and user analysis. With its help, you will gain insights into the Trava Lending Market, different tokens, market trends… as well as track your investment status, your pools’ status, transactions, and so on.
Trava Knight NFTs
This is a collection of collateralization-oriented products launched by Trava Finance with the ultimate goal of achieving NFT-collateralization in Trava lending pool system. Inspired by medieval knights, Trava Knight NFTs have unique designs and different rarity levels, determined by its scarcity.
Each of them represents a unique digital collectible that can be bought, sold, rented and put on auction on Knight NFT Marketplace, as well as Armory NFTs. You can also get rewards by playing the Battle Hand Mini-Game or joining in a Mission, including NFT Farming, Heuristic Farming, Expedition or Treasure Map. Trava Knight NFTs can be used in various ways not only within the Trava Finance ecosystem, as there’s a plan for NFT Bridge and Dilution launching very soon.
Trava Capital
This is an important pillar of the Trava Finance Ecosystem, focused on implementing various blockchain and cryptocurrency investment strategies for the community’s benefit. Trava Capital provides strategic support to its users through 2 main investment modes, including Treasury Investing Model and Crowdfunding. TOD holders and normal users play different roles in each strategy, but both Trava Capital’s models involve the community in decision making in general, pursuing Trava Finance’s goal of Decentralization.
Trava Tickets
They are special exchangeable assets of Trava Finance, which allow users to own additional perks or access to products in the Ecosystem. There are three types of tickets with different usages, namely Counter Ticket, Presale Ticket and Incentive Tickets. Trava Tickets provide users with access to a range of services and products, including Trava Knight NFT, Trava Lending, Trava Capital, and the Mini Game Series. Users can exchange tickets on two platforms: Trava Counter — trading with the protocol, and Ticket Marketplace — selling or buying peer-to-peer. Thanks to this model, by owning tickets then applying them in trading and accessing the functions in Trava Ecosystem, you can earn and optimize your benefits.
Idea Contest for the Growth of Trava Finance’s ecosystem
At the bear market, Trava Team has plans to focus on building more features and products to expand the Trava Ecosystem. Since Trava Finance follows the DAO model and aims for Decentralization, the community plays a critical role in giving opinions. We'd love to hear more from Trava Knights, and see the different flow of ideas. So with the ultimate goal of building a robust and diverse Lending protocol, we decided to start this Idea Contest.
Participants:
Any member of the Trava Community, who has ideas for developing products in the Trava Finance Ecosystem.
How to join:
All you have to do is create a Topic in Trava Forum with #IdeaContest in the title, raise your thoughts, and submit it in any of the following categories:
Remember that Trava is Decentralized, so the ideas do not have to be limited to the above, or any technology, community or country. The Trava Team will listen to everyone's opinions, sifting through ideas from varying degrees of plausibility, in charge of evaluation and debate. But ultimately the development of these services/products is entirely decided by Trava Knights, through the process of discussion and voting. The contributions from the Trava Community will be a huge strength for the Trava Finance ecosystem.
Timer:
We will be accepting your ideas until 10 A.M. UTC on May 5, 2023.
After that, a voting snapshot will be opened, then the best ideas selected for implementation will be rewarded with 500,000 TRAVA.
About Trava.Finance
Trava Finance is the world’s first decentralized marketplace for cross-chain lending. While existing approaches provide only one or a few lending pools with their own parameters such as borrow/supply interest rate, liquidation threshold, Loan-to-Value ratio, or a limited list of exchangeable cryptocurrencies, Trava Finance offers a flexible mechanism in which users can create and manage their own lending pools to start a lending business. Trava Finance is deployed on the Binance Smart Chain and allows for lending with BSC tokens first; we then enable cross-chain lending with various tokens on Ethereum and other blockchain networks.
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