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.