Ethix serves as a link between decentralized finance and the real productive economy. EthicHub has operated a peer-to-peer lending service for coffee growers in Mexico for 30 months, securing 500K USD in funding with a 0% default rate.

DeFi remains largely a digital financial artifact because extending it beyond the online world presents difficulties. Supply chains and international credit have been left out of the DeFi movement due to the lack of a suitable tokenomics model to handle issues like financing unbanked farmers. The project claims to have solved this by allowing farmers to access funds without collateral, cutting their costs by 10x, while providing investors with protection against p2p loan risks.

Following more than two years of operation without a token to refine the design based on actual user feedback, Ethix was listed on Balancer on Dec 22nd last year.

The token functions to cover potential loan defaults on the platform, can be staked to act as a credit originator, grants governance power within the EthicHub DAO, offers discounts on premium coffee, and allows holders to share in platform fees, creating a balanced incentive structure.

Additionally, Ethix can be supplied to liquidity pools to generate extra yield for owners.

When EthicHub held its presale in 2018, raising 553 ETH at a rate of 1 ETH for 5.000 ETHIX, the initial supply was set at 100 MM tokens. The allocation breaks down as follows:

• 50 MM are designated for the compensation pool
• 25 MM will be issued asymptotically over the next 16 years
• 5 MM are assigned to token sale participants and completed bounties
• 10 MM are reserved for staking by Lending Dev SL in its role as credit originator
• 10 MM are held for the team and advisors, subject to a 4-year vesting period