
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
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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.
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.
#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.
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.
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! 🔔
#EfficiencyDAO's protocol also currently uses the 'Jump Rate Model'.🪙
This model is more efficient at incentivizing liquidity at a higher utilization rate! 📈
#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! 🪙
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.
It's that day of the week!
#EfficiencyDAO brings together a compilation of the ecosystem news from last week! 🧵
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! 🔔
