IOLEND has emerged as a prominent player in decentralized finance, offering innovative lending solutions on the IOTA network's Ethereum Virtual Machine (EVM).
IOLEND Features
IOLEND stands out from other DeFi platforms with the use of $ETH, $USDT, and $IOTA as collateral. Built on the RDNT Capital fork, the protocol ensures reliability and security, enabling users to deposit and withdraw assets with interest rates set by market forces. IOLEND also offers some of the lowest APRs in the market, allowing users to receive 250% APR on $ETH and 275% APR on $USDT, further boosted by native $IOL rewards. These rewards make the platform an attractive option for yield farmers.
Bridging and Liquidity Pool Options
IOLEND integrates bridging options through Stargate, enabling users to seamlessly move $USDT and $ETH to the IOTA EVM. Once assets are bridged, users can participate in liquidity pools such as the IOL-IOTA LP. By staking their IOL-IOTA LP tokens, users can earn real yields in $USDT, $ETH, and $IOTA. The lockup period ranges from one month to a year, with returns up to 100% APR. The platform encourages LP interaction by offering $IOL token rewards to ensure user activity and liquidity. Recently, the European Commission has been setting the stage for scalable and secure blockchain solutions across the EU. The Iota Foundation has completed the final stage of the EU's blockchain Pre-Commercial Procurement, involving seven other entities. This achievement allows Iota to participate in future blockchain infrastructure development under the new European Digital Infrastructure Consortium for Blockchain.
IOTA Listed on MEXC
As previously reported, MEXC recently announced the listing of IOTA in its Assessment Zone, with trading set to begin today using the IOTA/USDT pair. Launched in 2020, the Assessment Zone lists projects recommended by users, undergoing a 60-day evaluation period. Upon conclusion, tokens may be suspended or removed until community approval via voting. In the last 24 hours, IOTA's price decreased by 4%, reaching $0.1285, while trading volume increased by 3%, totaling $7.6 million at the time of the report.
IOLEND continues to solidify its position in DeFi through innovative solutions and attractive conditions for users. The integration of bridging and liquidity pool options and success in pre-commercial procurements open new opportunities for the platform.
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