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Pelith, as a blockchain tech solution startup, builds a DeFi ecosystem - Hakka finance to help people pursue financial sovereignty by crafting a series innovative and efficient DeFi protocols.
Throwback to 2017, the whole world was crazy and FOMO about ICO, so people have known the power of blockchain since then. But after the ICO bubble burst, people didn't believe in the blockchain anymore. Meanwhile, a group of young people who believe in the blockchain co-founded Pelith, devoted themselves to building "meaningful" products on the "real" blockchain. Pelith provides the enterprise with all-inclusive blockchain technical solutions, consulting services, and blockchain education and integration.
In 2019, Pelith saw the potential of DeFi on the blockchain and started to research on DeFi protocols and build product prototypes. Until the summer of 2020, Pelith published a DeFi brand, “Hakka Finance”, and launched the ecosystem. Hakka Finance is dedicated to building a set of decentralized derivatives & original financial instruments, forming an all-inclusive ecosystem of tools that allow users to pursue financial sovereignty.
We found the opportunity of advanced financial instruments by reviewing the history of finance. Finance is born from central banks issuing money with gold guarantees, then commercial banks offering deposits, loans, and foreign exchange to the general public. Next, investment banks design derivative financial products to meet the needs of risk management and arbitrage. History is surprisingly similar, and we can see the same path in DeFi. Hence, we dedicate ourselves to developing “decentralized” and “derivative” financial products to lead liquidity to the right position in the “more efficient” and “lower friction” way.
We hope to take adventures in the blockchain world with communities and partners who have the same desires and targets with hardworking, thrifty, brave, revolutionary Hakka spirit.
iGain - Interest Rate Synth (IRS) is the first DeFi interest rate derivative providing lenders and borrowers a platform to hedge against the risk of future changing interest rates. It empowers users to lock future interest rates, by purchasing Long and Short tokens of interest rates. Besides, it also provides a speculation opportunity on interest rate changes.
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