Vires.finance

Vires.finance is Defi on waves

#191 in Global Ranking #64 in Defi #1 in waves.

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About Vires.finance

Vires.finance is a decentralised non-custodial liquidity protocol based on Waves  blockchain, where users, wallets and dapps can participate as depositors  or borrowers. Depositors provide liquidity to the market to earn a  passive income, while borrowers are able to take a loan in an  overcollateralized manner.

Vires.finance utilises common pool-based mechanics where all the funds deposited  participate in interest-bearing activities equally. The greater the  demand for borrowing an asset is, the greater APY lenders get in return.  The detailed algorithm is described in the protocol whitepaper.

Users can lend and borrow the following tokens: WAVES, USDN, USDT, ETH, USDC, EURN and BTC.

To  borrow an asset, first, one needs to supply assets as collateral for a  loan. The debt can be repaid in any time, including the amount borrowed  and the accrued interest

WEB Site:  vires.finance 


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