Difference between revisions of "Torque"
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wiki_crypto>Zeb.dyor (Created page with "== Basics == * DeFi platform for fixed-rate, indefinite term loans. * From Token Economy mailinglist #107: "''Really interesting approach to defi fixed-rate lending, power...") |
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Latest revision as of 09:01, 23 January 2022
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"
