Zivoe, a real-world asset (RWA) credit protocol, is set to launch its mainnet on July 31. This significant milestone aims to democratize access to credit within the decentralized finance (DeFi) space.

The announcement follows Zivoe’s successful fundraising of $8.35 million from investors. This coincides with the platform’s Initial Tranche Offering (ITO), a liquidity bootstrapping mechanism designed to attract initial Total Value Locked (TVL).

Zivoe’s Mainnet Launch and Funding Round

With the funds raised and the upcoming mainnet launch, Zivoe plans to expand its credit features to more users in the DeFi ecosystem. The protocol aims to achieve this by connecting on-chain liquidity to borrowers in the RWA market.

“Our ITO will provide DeFi users (US Accredited Investors and Non-US persons only) with unprecedented access to the consumer credit market. This is just the beginning of a new era where blockchain technology and real-world lending converge. We are beyond excited to help millions of underserved individuals around the world while bringing a new RWA product to DeFi,” said Kristal Gruevski, Zivoe founder and general counsel.

On-Chain Loans and Strategic Partnerships

Upon the mainnet launch, Zivoe plans to introduce its on-chain loans feature to a key lending partner. This partner will use the loans as capital to originate fiat loans for consumers. In the long term, Zivoe aims to engage directly with consumers in the RWA market.

Initial Tranche Offering (ITO)

Zivoe’s ITO allows liquidity providers (LPs) to deposit stablecoins and receive Tranche Tokens. These tokens can be used to access the protocol’s loan portfolio. Additionally, token holders can stake their tokens to earn yield.

Native ZVE Token

Zivoe will launch its native token, ZVE, following the ITO, which will run for 30 days starting July 31. Participants in the offering will be eligible for a ZVE airdrop, scheduled to go live at the end of the 30-day ITO.

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