EDINAR DeFi — an algorithm-based money market system, designed to bring a complete decentralized finance-based lending and lending system to the Multi Chain system. EDRDeFi differs from other money market protocols in the ability to use the collateral provided to the market not only for borrowing other assets, but also for minting overly collateralized synthetic stablecoins that protect the protocol. These synthetic stablecoins are not supported by a basket of fiat currencies, but by a basket of cryptocurrencies.
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Description of the EDINAR DeFi
EDRDeFi allows users to leverage their tokens by providing collateral to the network that can be borrowed by collateralized cryptocurrencies. This creates a safe lending environment, where the lender receives an annual accrued interest rate (APY), paid per block, while the borrower pays interest on the borrowed cryptocurrency. These interest rates are set by a yield curve protocol, where rates are automated, based on the demand of a particular market, such as Bitcoin.
Project capabilities:
| EDR MINT |
This is the Binance smart chain and the digital asset of the binance network.
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| NETWORK STAKE | Cryptocurrency betting is becoming a common way to generate returns on capital. |
| EDR LIQUIDITY FARM | BNB, BTT, JST, WIN, USDT, BUSD are expected to be supported for agriculture. |
EDinarToken («EDRDeFi») — an algorithm-based money market system, designed to bring a complete decentralized finance-based lending and lending system to the Multi Chain system.
This creates a safe lending environment, where the lender receives a high yield annual interest rate (APY), paid per block.
Additional information
At the moment, White Paper and RoadMap are not available on the site. The developers provide only a brief description of the platform on the main page. The community has not conducted social networks yet.