Timvi is a socially oriented project consisting of TMV portal, DeFi market and forming TimviDAO.
Originally, TIMVI project was supposed to resolve the issue of a centralized printing press that keeps on producing unsecured currencies. The issue procedure of TMV stablecoin is fully decentralized at the level of smart contracts. In other words, no one can just print TMVs and bring coins to the market. To get the price of ETH Timvi uses Chainlink’s decentralized oracle.
TMV is a collateralized over-secured ERC20 token that always gravitates to a stable rate (~$1) it’s done within TBox and always free of commissions. As well as various p2p services for working with TMV and earning a user such as TBond, Leverage, 1by1 – they all work without any fees.
TBox, the core platform instrument and the only tool to issue TMV stablecoins.
TBond is the p2p service involving TBond Issuer and TBond Holder. The former needs a loan against a collateral in the same currency (ETH). The Issuer is ready to pay an annual interest to the Holder and creates an issue request. A Holder gets TMV equivalent of the ETH loaned to the Issuer, as well as the right to get an annual interest for the TBond. Leverage is a p2p service that allows you to get a termless zero-interest loan in ETH against a collateral in your ETH. 1by1 is a p2p service that allows you to convert your ETH to TMV.
It is a handy tool working on a one-stop-shop principle. Detailed statistics of your ETH wallet, as well as connected protocols AAVE, Compound and Uniswap allow users to invest, lend and borrow choosing the best offers. What’s more, Timvi returns to users all funds received from referral programs in the form of cashback – and this significantly differs them from other similar projects. Work on connecting other DeFi products continues. Even more benefits for users!
Timvi maintain that the DAO principle stands for 1 vote per 1 person. More and more questions arise about a DAO where a fat cat or a group of fat cats steer a project and force decisions through relying on their financial dominance. DAO is not about the money, it is about peer management when everyone can speak up or vote for an initiative they support. An organization where votes are for sale can hardly be called a DAO. Timvi want to build a DAO together with the community, with those who are interested; every member will have a say and will impact the way the platform develops.
Decentralized Finance (DeFi) imply a complete absence of influence by the developer or any affiliates on the system. DeFi platform Timvi tries to distance itself from personalities to give the users an opportunity to stay unbiased. The open-source code and documentation are to be the basis for project evaluation. Also Timvi conducted an independent audit of smart contracts, more here Social networks: Twitter, Telegram & Facebook.