Efficiency DAO

The liquidity and capital efficiency solution on @BNBChain

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[Efficiency DAO @EfficiencyDAO]

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.

[Efficiency DAO @EfficiencyDAO]

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.

[Efficiency DAO @EfficiencyDAO]

#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.

[Efficiency DAO @EfficiencyDAO]

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! 🔔

[Efficiency DAO @EfficiencyDAO]

First Monday of the year!

Time for a compilation of the ecosystem news from last week! 🧵

[Efficiency DAO @EfficiencyDAO]

5/ Gemini Co-Founder Accuses DCG’s Silbert of 'Bad Faith' Stalling in $900M Locked Funds Dispute

Silbert responded, saying his firm submitted a proposal to Genesis and Gemini’s advisers last Thursday.

[Efficiency DAO @EfficiencyDAO]

Here is an interesting thread from @davidgarai on his thoughts about the future of #DeFi in 2023! 📈

What do you think? 👀

[DG @davidgarai]

What's next for DeFi? Are we REKT?

My predictions for 2023
A thread 🧵

/n

[Efficiency DAO @EfficiencyDAO]

Merry Christmas!🎄

May the Christmas season bring everyone happiness, success and joy!🔔

[Efficiency DAO @EfficiencyDAO]

#EfficiencyDAO's protocol also currently uses the 'Jump Rate Model'.🪙

This model is more efficient at incentivizing liquidity at a higher utilization rate! 📈

[Efficiency DAO @EfficiencyDAO]

#EfficiencyDAO's protocol's model dynamically adjusts the interest rates of each asset depending on the utilization rate.📈

A high ratio will incur higher interest payments from borrowers to suppliers, thereby encouraging suppliers to deposit more assets to the protocol! 🪙

[Efficiency DAO @EfficiencyDAO]

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.

[Efficiency DAO @EfficiencyDAO]

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! 🔔

[Efficiency DAO @EfficiencyDAO]

It's that day of the week!

#EfficiencyDAO brings together a compilation of the ecosystem news from last week! 🧵

[Efficiency DAO @EfficiencyDAO]

5/ Crypto Storage Protocol Tokens Slide as Traders Short @FileCoin and @Storj 🪙

Filecoin saw record shorts over the weekend because it's down 28% over the past five days.📉

Storj is down 20% in the same time period.📉