Borrowing & Lending Against Collateral in Stakes
DeFi has created a number of very unique implementations on being able to use and spend money in a decentralized manner, including lending/borrowing assets based on some collateral. We are bringing said concept to YDF by allowing stakers to put their sYDF or slYDF up as collateral and borrow liquid assets against the principal.
Borrowers will be able to put up their sYDF or slYDF stake NFTs as collateral to borrow against the principal.
Lenders will be able to earn on borrow fees from borrowers by providing capital that can be leant out to borrowers.
Last modified 4mo ago