Loans.fun

On-Chain Lending simplified to buying a token

Launching Soon On Robinhood Chain

[Loans.fun @Loansdotfun]

$LOX launch details

When: tomorrow, 1pm ET
Where: Robinhood Chain, https://t.co/HfwsiaHXg0
Collateral: AAPL, TSLA, NVDA. More coming.

Launch tax on buys: 90% at open, zero by 1:30. It all stays in the pool. Sells untaxed.

Borrowing live at launch.

Buy to lend. Sell to leave.

[Loans.fun @Loansdotfun]

P=B

[Loans.fun @Loansdotfun]

@DYORnerdz No, no token is currently live.

[Loans.fun @Loansdotfun]

A quick explainer on how the $LOX pools lending engine works

[Loans.fun @Loansdotfun]

Launch Information will be posted soon, there is no token currently beware of any copycats.

The pool is the bank

[Loans.fun @Loansdotfun]

The Pool is the Bank

[Christian @crisislarper]

Permissionless lending onchain doesn’t have to be a complex machine with a million moving parts.

If we rethink lending from the ground up, the entire system can be compressed into the most fundamental primitive in DeFi:

A simple liquidity pool.

This is @Loansdotfun

[Christian @crisislarper]

I’m incredibly excited to keep building this out and will be sharing launch details through the official @Loansdotfun account soon.

There is NO $LOX token live right now. Please do not trust any copycats or unofficial contract addresses launched in the meantime.

Thank you all for the interest. This is going to be a lot of fun.

[Christian @crisislarper]

Any USDG not currently deployed through https://t.co/ROggeHczpj can earn additional yield through Morpho instead of sitting idle.

The pool is designed to work 24/7: external yield when borrowing demand is low, and lending yield when demand is high.

[Christian @crisislarper]

The “trick” behind @loansdotfun is using the cash side of its liquidity pool to fund overcollateralized loans.

Buying $LOX lends USDG to the pool no separate vault, receipt token, or lending position. When a borrower removes that USDG, $LOX reprices downwards creating a discount.

The discount attracts buyers, whose USDG replenishes the pool and creates capacity for more loans.

When existing loans repay principal plus interest, the pool is refilled at a higher baseline and the loop begins again. Now able to give out even more loans.

[Christian @crisislarper]

Permissionless lending onchain doesn’t have to be a complex machine with a million moving parts.

If we rethink lending from the ground up, the entire system can be compressed into the most fundamental primitive in DeFi:

A simple liquidity pool.

This is @Loansdotfun

[Loans.fun @Loansdotfun]

@saintniko I ❤️ hooks

[Christian @crisislarper]

Been working on this idea for a while now can’t wait to drop it. Let’s get in debt together.

[Loans.fun @Loansdotfun]

https://t.co/O0eOMZniHQ