POWERCITY EARN Protocol
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
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.
- Documentation: https://docs.powercity.io/earn-protocol/
- dApp: https://earn.powercity.io/
User CommentsYou can comment on this project in the section below. Keep in mind that HEXPulse.info is not affiliated with this projects Any comment here is just opinion of the person who wrote it, it does not express the HEXPulse.info position.
Do not post spam, advertising or self-promotion. Do not post copyright-infringing material. Do not post “offensive” posts. Respect opinions of others. Posts abusing these rules may be deleted.