Noetsi

Lend and borrow crypto assets on your terms

Testnet live: our discord:

[Noetsi @NoetsiFinance]

@sud0bug thank you - it has been fixed
https://t.co/6MTGeuhtLO

[Noetsi @NoetsiFinance]

Have ever had your collateralized debt position liquidated on one of the lending protocols (e.g. Aave, Compound, Maker)?

[Noetsi @NoetsiFinance]

How can one use Noetsi to borrow against their crypto worry-free?

Let’s look a hypothetical example of Alice who is a long time believer in ETH and has a majority of her crypto holdings staked in stETH. Alice has done well with her crypto and wants to finance a home purchase down payment through taking some of her funds off-chain, however she doesn’t want to sell her crypto and wants to maintain exposure to ETH. Alice doesn’t want to bear any liquidation risk using Aave, Compound or other money market protocols and discovers Noetsi which offers her a liquidation-free borrowing solution.

Alice submits a request for a 1-year USDC-denominated loan using stETH as collateral, sets a collateral factor of 150% and an interest rate of 10% (Alice believes it’s well below ETH’s annual appreciation). Once she finds a counterparty, Alice will receive her USDC and will be able to claim back her stETH collateral once she pays back the loan + interest at maturity in a year. If stETH price dips and collateral factor goes below 100%, her collateral won’t get liquidated as the payback only occurs at maturity.

Bob is a crypto-native who lives off the on-chain yield from his stablecoins. Lately he hasn’t been able to find good yield farming opportunities in DeFi above low single digits without substantial protocol risks. He comes across Noetsi which offers lending opportunities with simple smart contracts without reliance on oracles. Bob sees Alice’s request and is comfortable with the collateral value - he realizes that in the event of Alice’s default he will be able to essentially buy stETH at a 35%+ discount to current price, and he is getting compensated for this risk with an attractive APR of 10%.

In the event that Bob needs liquidity prior to the 1-year maturity, he can list his loan for sale on the marketplace at a price of his choice (i.e. he could even lock in a profit if the collateral factor went up thus making the loan less risky). Potential buyers are able to either buy the loan outright or submit bids for the loan.

In a nutshell the above is a typical use case for Noetsi. The team is working on adding multiple additional features that would help bridge the bid-ask spread including: fractionalized loans, rate auctions, coupons, collateral staking, buyer-seller on-chain chat and others.

We launched our MVP on the testnet - come try it today and let us know what you think in our discord. We are keeping track of our early users and appreciate everyone helping us streamline the product.

Mini-guide to testnet:
- Claim our test tokens here: https://t.co/KvB0FWDglW
- Create a loan request
- Share it on twitter (hit a twitter icon next to your loan on the dashboard page and it will pre-populate a tweet for you)
- Buy a loan on the marketplace
- Sell the loan you bought
- Make a bid to any loan on a secondary market
- Join our discord: https://t.co/BJVR9c1jx5

[Noetsi @NoetsiFinance]

@Tuda0612 Thank you sir for pointing it out - just updated the link.

https://t.co/VOH8NI7xOX

[Noetsi @NoetsiFinance]

Test our app on the testnet and join our discord to share feedback!

https://t.co/DYo3nmR4S8

[Noetsi @NoetsiFinance]

We are looking forward to hearing your feedback!

https://t.co/mxpKHoaxSY

[Noetsi @NoetsiFinance]

Exciting news here - we are launching our public testnet! We recorded a quick video with a basic functionality walkthrough.

https://t.co/OwkcFjhxTg

[Noetsi @NoetsiFinance]

Below are the key features you can test today:

1. Claim our test tokens here: https://t.co/uqhnV4L9C6
2. Create a loan request
3. Share it on twitter
4. Buy a loan on the marketplace
5. Sell the loan you bought
6. Make a bid to any loan on a secondary market
7. Join our discord

[Noetsi @NoetsiFinance]

@euler_mab @NoetsiFinance is building such liquidation free fixed interest lending platform without oracles. We are going to use auctions for interest rate discovery and will have a marketplace to make loans tradable increasing liquidity and efficiency for lenders.

[Noetsi @NoetsiFinance]

Added a feature to make it easier to post your loan request on Twitter and get it filled quickly. One step closer to the public testnet - stay tuned!

[Noetsi @NoetsiFinance]

A quick overview ahead of our upcoming testnet launch 🔜:
https://t.co/MMEJHvcMwJ

[Noetsi @NoetsiFinance]

@Alpha_princess_ should be open now, please try again

[Noetsi @NoetsiFinance]

DeFi lending has a problem: liquidations. Would you buy a house if the lender could demand repayment at any time? Probably not. Why would DeFi lending be any different?

[Noetsi @NoetsiFinance]

Check out our medium article for more detail: https://t.co/Pr2qEdl2SA

[Noetsi @NoetsiFinance]

Noetsi solves two key issues in today's DeFi lending:

Enables fixed term/interest loans without liquidation risk.
Lets lenders sell loans for flexibility.
#Noetsi is redefining DeFi loans. Join us on this journey to reshape finance's future!