Relite Finance: A Cross-Chain Crypto Asset Lending Platform

What is Relite Finance

Friends, imagine that we usually use banks to deposit and borrow money, right? In the blockchain world, there are similar services, which we call “Decentralized Finance” (DeFi). Relite Finance was originally such a project—it’s like a “bank in the crypto world,” aiming to let you conveniently deposit and borrow various crypto assets like Bitcoin, Ethereum, etc., all in one place, and even earn some yield. It particularly emphasizes “cross-chain” capability, meaning it allows assets on different blockchains to circulate and be used with each other—just like different countries’ currencies can be exchanged and traded in the same bank, which was a big challenge at the time. However, on June 16, 2023, this project underwent an important “transformation” and officially changed its name to KALLIS. Just like a company shifting from traditional banking to tech products, KALLIS now focuses on helping enterprises leverage “Non-Fungible Tokens” (NFTs). You can think of NFTs as unique collectibles or certificates in the digital world, such as a piece of digital art, a game item, or even a digital proof of ownership for a physical product. KALLIS’s goal is to make it easier for enterprises to create, manage, and distribute these NFTs, helping them attract customers, enhance brand value, and even achieve product traceability and anti-counterfeiting. So, simply put, Relite Finance transformed from a “crypto bank” into an “enterprise NFT solution provider,” helping traditional businesses catch the Web3 (next-generation internet) wave.

Project Vision and Value Proposition

Relite Finance’s original vision was to solve some pain points in the DeFi space. It noticed that many crypto assets were “trapped” on their respective blockchains and couldn’t circulate freely—just like money from different countries couldn’t be spent in the same market, which was very inconvenient. At the same time, borrowing costs were high, collateral requirements were steep, and operations were complex, making it hard for ordinary users to participate. Relite Finance hoped to break down these barriers through “cross-chain” technology, providing a low-fee, low-collateral, easy-to-use lending platform so more people could enjoy the benefits of DeFi. After transforming into KALLIS, its value proposition was also upgraded. KALLIS is now committed to becoming a “one-stop service platform” for enterprises entering the NFT world. It saw the huge potential of NFTs in brand marketing, customer loyalty, and product digitization, but many enterprises struggled with high technical barriers and complexity. KALLIS’s vision is to “empower enterprises to embrace NFTs” by providing easy-to-use tools so businesses can issue and manage NFTs without specialized Web3 knowledge, opening up a $300 billion market. Its core value lies in lowering the threshold for enterprises to use NFTs, making NFTs no longer the exclusive domain of a few tech geeks, but a powerful tool for businesses to enhance competitiveness.

Technical Features

During the Relite Finance phase, its technical core revolved mainly around “cross-chain.” It leveraged the Polkadot and Ethereum blockchain frameworks, aiming to achieve interoperability of assets across different chains. Imagine Polkadot as the “internet of blockchains,” allowing different blockchains (“parachains”) to connect and communicate. Relite Finance used this approach to let users operate Ethereum ERC-20 tokens and assets in the Polkadot ecosystem, even including Bitcoin, all from one interface. To reduce lending risk and collateral requirements, it also introduced a “reserve pool” mechanism, similar to a bank’s risk reserve, enhancing platform stability. After transforming into KALLIS, the technical focus shifted to NFT creation and management. KALLIS provides an “NFT creation machine” that allows enterprises to create NFTs with zero code (no coding required). It also offers users a “seamless wallet,” accessible via email and password, greatly simplifying the complexity of Web3 wallets and making it easy for ordinary people to own and manage NFTs. This wallet uses “Multi-Party Computation” (MPC) technology, a cryptographic method that splits the private key (like your bank card PIN) into several parts stored separately, so even if one part is leaked, your assets remain safe, while also achieving non-custodial (users control their own assets, the platform cannot access them) features. In addition, KALLIS supports fiat on/off ramps (such as USD, EUR), making it easier for enterprises and consumers to buy or sell NFTs with fiat, further lowering the Web3 barrier.

Tokenomics

The original token of the Relite Finance project was RELI. According to 2021 information, the total supply of RELI was 182 million. RELI played multiple roles in the Relite Finance lending protocol: * **Governance:** RELI holders could participate in community governance and vote on major project decisions, similar to a company’s shareholder meeting. * **Rewards/Liquidity Mining:** Users could earn RELI tokens as rewards by providing liquidity (depositing assets) or participating in lending. * **Staking:** Staking RELI tokens could earn additional yield and help reduce collateral requirements, enhancing system stability. However, with the project’s rebranding to KALLIS, the team has announced the launch of a new KALLIS token and plans for RELI holders to receive the new KALLIS token via snapshot (recording holder info at a specific time) and exchange. This means the RELI tokenomics will gradually transition to the new KALLIS token. As of now (December 2025), the detailed tokenomics of the new KALLIS token (such as total supply, allocation, specific uses, etc.) have not been fully disclosed, so it’s necessary to follow KALLIS’s latest official updates. Note that another project called “KALICHAIN” also appeared in search results, whose token is also called KALIS, with a total supply of 200 million, mainly used for physical goods authentication. Please distinguish carefully; here we are discussing the KALLIS project formerly known as Relite Finance.

Team, Governance, and Funding

The founders of Relite Finance are Evald-Hannes Kree and George Groshkov. George Groshkov once stated that the inspiration for creating Relite was not just for economic gain, but to allow more people fair access to financial products. Evald-Hannes Kree is also the founder of two other companies, Swapin and Piixpay. In 2021, the team also brought in several advisors, including industry experts from Master Ventures and PAID Network, to provide strategic and partnership advice. In terms of governance, Relite Finance’s original roadmap planned to establish an initial governance structure in Q1 2022 and achieve full DAO (Decentralized Autonomous Organization) implementation in Q4 2022. A DAO is a model where projects are managed via smart contracts and token holder voting, aiming for decentralized community decision-making. However, with the project’s transformation into KALLIS, its specific governance mechanism may have been adjusted, so it’s necessary to follow KALLIS’s latest announcements. In terms of funding, Relite Finance raised $1.5 million in its IDO (Initial DEX Offering) on May 17, 2021. In addition, it raised funds in other rounds, totaling $2.01 million. Investors included Cryptomeria Capital and Nakheel Capital.

Roadmap

The Relite Finance roadmap can be divided into two phases:

Relite Finance (Lending Protocol Phase) Roadmap (2021-2022)

* **Q1 2021:** Initial deployment of Ethereum (ETH) and Polkadot (DOT), providing ETH and DAI supply, lending, and liquidity rewards, implementing staking and reserve pools, and conducting external contract audits. * **Q2 2021:** Gradual migration to bridges and parachains, adding assets such as USDC, UNI, SNX, COMP, AAVE. * **Q3 2021:** Achieve full interoperability between Polkadot and ERC-20 tokens, add DOT, KSM, ACALA, USDT, YFI, REN, and introduce NFTs as collateral. * **Q4 2021:** Achieve full interoperability between Polkadot and Bitcoin, add Bitcoin, LTC, and launch fixed-term pools and maturity contracts. * **Q1 2022:** Establish initial governance structure, add SNX, 0X, REP, etc. * **Q2 2022:** Launch credit insurance and flash loan features, add ATOM, EOS, etc., and plan to support NFT collateral and mobile apps. * **Q3 2022:** Achieve credit transferability, margin lending, and swaps. * **Q4 2022:** Full DAO implementation, introduce synthetic assets and real-world assets.

KALLIS (Enterprise NFT Empowerment Phase) Roadmap (Q2 2022 to Present)

* **Q2 2022:** Concept creation, business model development, system architecture, MVP (Minimum Viable Product) prototype, and product design. * **Q3 2022:** Launch MVP, including NFT collectible creation/minting tools, seamless wallet creation, fiat on/off ramp payment gateway, and RELI token staking. * **Q4 2022:** Launch platform v1, expand management modules, support fiat purchase of RELI tokens, release Relite consumer app, and provide tax reporting features. * **Q1-Q2 2023:** Launch new distribution module, community management system, intranet integration, and provide NFT collectible marketplace for consumers. * **Q3-Q4 2023:** Launch platform v2, provide advanced minting and additional features, aiming for 500 enterprise clients and 50,000 Relite APP users, minting 1 million NFTs.

Common Risk Reminders

Investing in any blockchain project carries risks, and Relite Finance (now KALLIS) is no exception. Here are some common risk reminders: * **Technical and Security Risks:** Although the team may have taken security measures, blockchain technology is still evolving. Smart contract vulnerabilities, network attacks, and system failures could all lead to asset loss. The complexity of cross-chain technology and MPC wallets may introduce new security challenges. * **Economic Risks:** The cryptocurrency market is highly volatile, and the price of RELI tokens (or future KALLIS tokens) may fluctuate sharply. Project transformation may lead to uncertainty in the value of the original token, and the value of the new token also depends on market acceptance and real-world use. If the new tokenomics fail to effectively incentivize users and enterprises, it may affect long-term development. * **Project Transformation Risks:** Relite Finance’s shift from a lending protocol to an NFT solution is a major transformation and carries inherent risks. The original community and users may not adapt to the new direction, and competition in the new market may be fierce. The launch and exchange process of the new KALLIS token may also have technical or operational risks. * **Market Competition Risks:** The NFT and Web3 enterprise service sectors are increasingly competitive. KALLIS needs to keep innovating to stand out. If its products or services fail to gain enough enterprise and user adoption, project development may be hindered. * **Compliance and Operational Risks:** Global regulatory policies on cryptocurrencies and NFTs remain unclear, and stricter regulations may be introduced in the future, affecting project operations and development. In addition, team execution, marketing effectiveness, and other operational factors directly impact project success or failure. * **Information Opacity Risks:** Given the project’s major transformation and the fact that the detailed tokenomics of the new KALLIS token have not yet been fully disclosed, investors may face information asymmetry risks. **Please note: The above information is for project introduction only and does not constitute any investment advice. Please be sure to conduct thorough independent research and risk assessment before making any investment decisions.**

Verification Checklist

* **KALLIS Official Website:** Visit the KALLIS official website (relite.finance or kallis.app) for the latest information and announcements. * **Block Explorer Contract Address:** Look up the RELI token’s contract address on Ethereum (ERC-20) and check its holder distribution, transaction records, etc., via Etherscan or other block explorers. * **GitHub Activity:** Check the KALLIS or Relite Finance code repositories on GitHub to assess development activity and community contributions. Currently, no direct KALLIS GitHub repo was found in search results, but there is GitHub info for other projects. * **Social Media and Community:** Follow KALLIS’s official Twitter, Medium, Telegram, and other social media channels for the latest project updates and community discussions. * **Audit Reports:** Look for smart contract audit reports to understand security assessment results. Relite Finance’s Q1 2021 roadmap mentioned external contract audits.

Project Summary

Relite Finance is a project that has undergone significant evolution. It initially entered the DeFi space as a “cross-chain lending protocol,” aiming to solve asset interoperability, high fees, and complexity by integrating blockchains like Polkadot and Ethereum, providing users with a more convenient, low-cost crypto asset lending platform. However, in 2023, the project underwent a strategic transformation and rebranding, becoming KALLIS and focusing its core business on “empowering enterprises to leverage NFTs.” KALLIS now aims to greatly lower the barriers for enterprises and consumers to enter the NFT market by providing zero-code NFT creation tools, seamless Web3 wallets, fiat on/off ramps, etc., helping brands use NFTs for marketing, customer engagement, and product digitization. This transformation reflects the team’s judgment of market trends, namely the huge potential of NFTs in the business sector. The original RELI token will transition to the new KALLIS token via exchange, but the detailed tokenomics of the new token are yet to be announced. This major transformation brings new opportunities as well as challenges, including market acceptance, value support for the new token, and differentiation from existing competitors. In summary, KALLIS is a project that shifted from DeFi lending to Web3 enterprise NFT solutions, aiming to simplify NFT adoption and promote its popularity in the business world. For those interested, it is recommended to study KALLIS’s latest official materials in depth, especially regarding the new KALLIS token’s tokenomics and future development plans, and to fully assess related risks. **Remember, the above content is for information sharing only and does not constitute any investment advice. The cryptocurrency market is high risk—please proceed with caution.**