Soil, an Innovative Defi Platform for Corporate Loans, Wins

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War­saw, Poland, Dec. 05, 2022 (GLOBE NEWSWIRE) —  Soil, an orga­ni­za­tion spe­cial­iz­ing in an inno­v­a­tive, self-bal­anc­ing DeFi 2.0 pro­to­col that aims to build a bridge between bor­row­ers who are main­ly tra­di­tion­al busi­ness­es and lenders (cryp­to hold­ers) fin­ished third in the pitch com­pe­ti­tion at the NBX con­fer­ence in Berlin on Novem­ber 23rd and 24th. They were also award­ed $30,000 for their hard work and valu­able con­tri­bu­tion to the space which will be used towards the devel­op­ment and enhance­ment of the platform. 

Soil aims to enable direct cryp­to loans between mar­ket par­tic­i­pants by com­bin­ing a cryp­to loan pro­to­col with a cor­po­rate debt mar­ket­place. The main focus of Soil is to bring the pow­er of the tril­lion-dol­lar cor­po­rate debt mar­ket to blockchain and De-Fi. The cryp­to lend­ing fea­ture aims to pro­vide lenders with sta­ble and com­pet­i­tive yields pow­ered and secured by cash flows gen­er­at­ed by busi­ness­es rep­re­sent­ing var­i­ous sec­tors oper­at­ing out­side the blockchain industry. 

‘We are thrilled to have fin­ished third in the pitch com­pe­ti­tion at the NBX con­fer­ence. Regard­less of what is going on in the mar­ket, we are proud to say that our prod­uct thrived dur­ing the con­fer­ence and drew the atten­tion of many poten­tial investors. At Soil we are con­stant­ly inno­vat­ing to pro­vide an easy path for cryp­to projects and tra­di­tion­al econ­o­my com­pa­nies to get easy and flex­i­ble access to cryp­to financ­ing’ said Jakub Bojan, CEO of Soil. 

Soil has a sea­soned invest­ment team with over $1b in trans­ac­tion expe­ri­ence in Pri­vate Debt. With­in the past year, Soil has secured some top-notch part­ner­ships such as Mount, which is a lead­ing pri­vate debt fund in the CEE region. The project believes that con­tract­ing cash flows to repay loans and inter­est to a scal­able, sus­tain­able, and cryp­to eco­nom­ic-cycle proof busi­ness mod­el work­ing in the cash world will enable them to pro­vide pro­grammed fixed yield in vari­able mar­ket circumstances. 

Soil’s native token- “SOIL” with an eco­nom­i­cal­ly rea­son­able in-build floor price mech­a­nism will cap­ture the protocol’s scale veloc­i­ty and give its hold­ers unique pro­to­col usabil­i­ty. 
  
About Soil: 

Soil, a Pol­ish start-up found­ed in 2021, is build­ing a liai­son between bor­row­ers (tra­di­tion­al busi­ness­es) and lenders (cryp­to hold­ers). They are build­ing a debt mar­ket­place where estab­lished busi­ness­es of var­i­ous indus­tries may raise funds by apply­ing for loans pro­vid­ed by sta­ble­coin holders. 

To learn more about Soil, visit:

Web­site | Twit­ter | LinkedIn 


        

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