Qiro Finance’s deployment of its Private Credit Marketplace on the Aptos Testnet marks its first non-Ethereum Virtual Machine (EVM) integration, expanding its reach into a layer-1 blockchain known for scalability and user-friendly DApp development.
To Participate users can do the following:
- Visit http://testnet.qiro.fi
- Select Aptos Testnet
- Connect Wallet
- Claim Faucet: Get USDC and APT from faucet to be able to invest in pools
- Invest/Redeem into the lending pools on the Aptos Testnet (Currently only senior pools are allowed)
- Manage your positions using the investment portfolio
This deployment aligns with a broader trend in the crypto industry of tokenizing real-world assets (RWAs) on blockchain platforms to create new yield opportunities, as traditional DeFi yields have declined, according to Coingecko’s analysis from 2024.
Qiro Marketplace connects on-chain investors with emerging market asset originators, leveraging DeFi rails and regulatory compliance to offer fixed-yield opportunities, as detailed on its website and testnet platform.
The Aptos Foundation’s recent proposal to integrate Aave Protocol v3 onto its mainnet, announced in July 2024, signals growing interest in non-EVM blockchains for DeFi applications, potentially enhancing Qiro’s ecosystem compatibility.
Community members can participate in the Qiro Marketplace - Aptos Testnet Campaign and complete tasks to get points on Galxe !
Read more about this below
https://x.com/Qiro_Finance/status/1893090609977548970