Hey there.
06 Dec 2022, 13:29
Hey there!
We’re excited to announce the launch of Borrow protocol (https://borrow.is/), a decentralized finance (DeFi) platform that lets you lend and borrow assets without the need for intermediaries. You can use your ERC-20 assets as collateral to borrow liquidity, while lenders can earn yield in the form of interest by lending their assets.
Borrow offers a wide range of token pair combinations (any ERC-20 for any ERC-20) and allows you to set your own parameters for loans, including the type of collateral, the amount of borrowable assets, the loan period, and the minimum and maximum annual interest rates.
And the best part? Borrow protocol is available on multiple networks, so you can choose the one that works best for you. Our smart contracts have also been audited to ensure their security and compliance with industry standards.
So why not give Borrow a try and see how easy it is to lend and borrow assets in a decentralized manner? We think you’ll love it!
Key features:
* Ability to use any ERC-20 token as collateral and any ERC-20 token as a loan
* Dynamic interest rate based on an auction model
* Any loan term
* Fully decentralized platform
* The protocol is deployed on 15 most popular EVM-compatible networks
* No price oracles
Audit: