Efficiency DAO (@EfficiencyDAO) header
Efficiency DAO (@EfficiencyDAO) profile picture

The liquidity and capital efficiency solution on @BNBChain Telegram: https://teapawt.org/t.co/1KraCfRE32 Discord: https://teapawt.org/t.co/dFx1fksRFl Blog: https://teapawt.org/t.co/TJeLHGBXBq

BNB Chain
Joined June 2022
Photo by Efficiency DAO (@EfficiencyDAO)Photo by Efficiency DAO (@EfficiencyDAO)Photo by Efficiency DAO (@EfficiencyDAO)Photo by Efficiency DAO (@EfficiencyDAO)Photo by Efficiency DAO (@EfficiencyDAO)Photo by Efficiency DAO (@EfficiencyDAO)Photo by Efficiency DAO (@EfficiencyDAO)Photo by Efficiency DAO (@EfficiencyDAO)Photo by Efficiency DAO (@EfficiencyDAO)Photo by Efficiency DAO (@EfficiencyDAO)
Efficiency DAO is a DeFi protocol targetting Long-tail assets and Fiat off-ramping services. We want to create a better, smarter, and more efficient money market by reviving all the tokens in your wallet.
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How to borrow on #EfficiencyDAO? 1. Go to the "Borrow" page. 2. Select the asset you want to borrow. 3. Ensure that you have deposited enough collateral. 4. Enter the amount you want to borrow.
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#EfficiencyDAO presents Euler: a permissionless lending protocol custom-built to help users lend and borrow more Ethereum-based tokens than ever before. Euler works at a high level & has new features & innovations that help to set it apart from other popular lending protocols.
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First Monday of the year! Time for a compilation of the ecosystem news from last week! 🧵
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5/ Gemini Co-Founder Accuses DCG’s Silbert of 'Bad Faith' Stalling in $900M Locked Funds Dispute Silbert responded, saying his firm submitted a proposal to Genesis and Gemini’s advisers last Thursday.
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At #EfficiencyDAO, we constantly monitor ecosystem activity, ensuring we provide the highest level of safety and security for users. Follow us for more updates about important developments in Web3! 🔔
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Here is an interesting thread from @davgarai on his thoughts about the future of #DeFi in 2023! 📈 What do you think? 👀
What's next for DeFi? Are we REKT? My predictions for 2023 A thread 🧵 /n
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Merry Christmas!🎄 May the Christmas season bring everyone happiness, success and joy!🔔
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#EfficiencyDAO's protocol also currently uses the 'Jump Rate Model'.🪙 This model is more efficient at incentivizing liquidity at a higher utilization rate! 📈
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#EfficiencyDAO's protocol's model dynamically adjusts the interest rates of each asset depending on the utilization rate.📈 A high ratio will incur higher interest payments from borrowers to suppliers, thereby encouraging suppliers to deposit more assets to the protocol! 🪙
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The Efficiency protocol calculates interest rates through what's known as 'Utilization Rate'. UR is the percentage of total assets borrowed against the total asset supplied. A high utilization rate means a lot of users have borrowed, while a low ratio equals the opposite.
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It's that day of the week! #EfficiencyDAO brings together a compilation of the ecosystem news from last week! 🧵
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5/ Crypto Storage Protocol Tokens Slide as Traders Short @FileCoin and @Storj 🪙 Filecoin saw record shorts over the weekend because it's down 28% over the past five days.📉 Storj is down 20% in the same time period.📉
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At #EfficiencyDAO, we constantly monitor ecosystem activity, ensuring we provide the highest level of safety and security for users. Follow us for more updates about important developments in Web3! 🔔
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