POWERCITY EARN Protocol
[active]
Decentralized borrowing protocol that allows you to draw interest-free loans against $PLSX used as collateralEcosystem of projects designed to improve PulseChain for both the community and developers alike.
Categories:
defi
, stable-coin
Description
EARN is a decentralized borrowing protocol that allows you to draw interest-free loans against PLSX used as collateral.
Loans are paid out in PXDC (a USD pegged stablecoin) and need to maintain a minimum collateral ratio of 110%.
In addition to the collateral, the loans are secured by a Stability Pool containing PXDC and by fellow borrowers collectively
acting as guarantors of last resort. Learn more about these mechanisms under Liquidation.
EARN as a protocol is non-custodial, immutable, and governance-free.
Related links
- Documentation: https://docs.powercity.io/earn-protocol/
- dApp: https://earn.powercity.io/
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