WavesVires.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
