Torque

Basics

• DeFi platform for fixed-rate, indefinite term loans.
• From Token Economy mailinglist #107:

"Really interesting approach to defi fixed-rate lending, powered and brought to you by the bZx network. 3 month worth of interest are escrowed upfront and held inside the protocol by borrowing more than the requested loan amount, then loans run indefinitely until a margin call is triggered. An incentivized network of keepers monitor and extend the life of loans that are close to running out of interest.

The cool thing from a UX perspective is that a loan can be initiated by simply sending collateral to a ENS address like dai.tokenloan.eth"