Efficiency DAO is a DeFi protocol targetting Long-tail assets and Fiat off-ramping services. We want to create a better, smarter, and more efficient money market by reviving all the tokens in your wallet.
How to borrow on #EfficiencyDAO?
1. Go to the "Borrow" page.
2. Select the asset you want to borrow.
3. Ensure that you have deposited enough collateral.
4. Enter the amount you want to borrow.
#EfficiencyDAO presents Euler: a permissionless lending protocol custom-built to help users lend and borrow more Ethereum-based tokens than ever before.
Euler works at a high level & has new features & innovations that help to set it apart from other popular lending protocols.
At #EfficiencyDAO, we constantly monitor ecosystem activity, ensuring we provide the highest level of safety and security for users.
Follow us for more updates about important developments in Web3! π
5/ Gemini Co-Founder Accuses DCGβs Silbert of 'Bad Faith' Stalling in $900M Locked Funds Dispute
Silbert responded, saying his firm submitted a proposal to Genesis and Geminiβs advisers last Thursday.
#EfficiencyDAO's protocol also currently uses the 'Jump Rate Model'.πͺ
This model is more efficient at incentivizing liquidity at a higher utilization rate! π
#EfficiencyDAO's protocol's model dynamically adjusts the interest rates of each asset depending on the utilization rate.π
A high ratio will incur higher interest payments from borrowers to suppliers, thereby encouraging suppliers to deposit more assets to the protocol! πͺ
The Efficiency protocol calculates interest rates through what's known as 'Utilization Rate'.
UR is the percentage of total assets borrowed against the total asset supplied.
A high utilization rate means a lot of users have borrowed, while a low ratio equals the opposite.
At #EfficiencyDAO, we constantly monitor ecosystem activity, ensuring we provide the highest level of safety and security for users.
Follow us for more updates about important developments in Web3! π
5/ Crypto Storage Protocol Tokens Slide as Traders Short @FileCoin and @Storj πͺ
Filecoin saw record shorts over the weekend because it's down 28% over the past five days.π
Storj is down 20% in the same time period.π