🙋♂️ InvestFi FAQs
What are Ordinals?
Ordinals introduce a novel concept in the digital asset space, akin to NFTs, but uniquely integrated within the Bitcoin blockchain. These assets give individual satoshis—a fraction of a Bitcoin—a distinct identity through unique numerical assignments. Ordinals can carry a variety of inscriptions, including images, text, or even executable code, with a size limit of up to 4 MB. This innovation opens new avenues for creativity and value within the Bitcoin ecosystem.
What are BRC-20s?
BRC-20 tokens represent a specialized adaptation of Ordinals, establishing themselves as the leading fungible token standard on the Bitcoin blockchain through the innovative use of ordinal inscriptions. They are designed to facilitate a wide range of applications, from digital currencies to utility tokens, within the Bitcoin network, mirroring the versatility and functionality of ERC-20 tokens in the Ethereum ecosystem.
What’s different about using BRC-20s as collateral?
Leveraging BRC-20s as collateral on InvestFi offers a user experience analogous to using ERC-20 tokens on platforms like AAVE, but with the foundational support of the Bitcoin blockchain. When you deposit BRC-20s (along with potentially other assets), you receive a cumulative borrow limit, enabling you to secure loans denominated in Bitcoin or other supported assets. To streamline the process, InvestFi is implementing backend solutions to facilitate the bridging of BRC-20s, ensuring a seamless and efficient user experience for all participants.
How do I engage in governance with $INVF?
$INVF token holders play a pivotal role in shaping the future of InvestFi. By holding $INVF, you're empowered to propose and vote on key governance decisions, from feature enhancements to protocol upgrades. Your voting power is directly proportional to the amount of $INVF you stake, ensuring a democratic and equitable governance model that values the voice of the community.
How can I earn fees and rewards with $INVF?
Active engagement with the InvestFi platform—be it through borrowing, lending, or participating in governance activities—entitles $INVF holders to rewards. These rewards, distributed from a dedicated pool, may be in the form of $INVF emissions or other tokens, incentivizing continuous and meaningful interaction with the ecosystem.
How does future whitelisting work with $INVF?
Holding $INVF not only grants you governance capabilities but also serves as a key to exclusive access within the InvestFi ecosystem. This includes priority access to select products, services, and special features, as well as opportunities to engage in marketing partnerships and priority participation in events with strategic partners. This exclusive access highlights $INVF's role as a gateway to premium experiences and opportunities on the platform.
How are BRC-20s bridged for use on InvestFi?
To accommodate the use of BRC-20s as collateral and ensure a fluid experience for our users, InvestFi integrates sophisticated bridging mechanisms behind the scenes. This process, managed at the backend, facilitates the conversion and use of BRC-20 tokens within the InvestFi ecosystem, mirroring the simplicity and efficiency of engaging with native Bitcoin assets while leveraging the unique advantages of BRC-20 tokens.
InvestFi is dedicated to providing a comprehensive, user-friendly investment and lending platform within the Bitcoin ecosystem. Our commitment to innovation, security, and community empowerment guides our continuous development, ensuring InvestFi remains at the forefront of digital finance.