June 22, 2021

Deerfi’s permissionless flash loan marketplace now reside on Ethereum

2 min read

CryptoNinjas” Deerfi’s permissionless flash loan marketplace now reside on Ethereum

Deerfi, a lending procedure for Uniswap liquidity suppliers, has actually revealed that its Deer FlashLoan procedure, a permissionless flash loan marketplace, is now live on the Ethereum mainnet.

Flash loans are compelling with lots of usage cases such as carrying out arbitrage techniques, executing liquidations, swapping collaterals, and numerous other imaginative use cases.

However, the present flash loan market mishandles. Initially, not all token holders are willing to offer liquidity on DEX due to impermanent loss. Likewise, most tokens can not create passive income, like supplying liquidity on Uniswap. Even more, the lending protocol can decline all tokens due to volatility.

The Deer FlashLoan protocol makes flash loans available to all tokens. The essential features of the protocol are:

  • Permissionless: Like Uniswap, users are free to produce enormous property pools on the Deer Flash Loan protocol.
  • Low Fee: 0.05% per flash loan, adjustable through governance.
  • No Impermanent Loss: Guaranteed to be successful for liquidity service providers.
  • Passive income for unused tokens.

Contrast between Flashloan service providers: Aave vs. dYdX vs. Uniswap vs. Deer:

Governance and Liquidity Mining”Decentralization is the core worth of Deerfi. We utilize a two-phased governance model. In the existing stage, we utilize a 2-day TimeLock contract to handle all Deerfi procedure agreements. In the second phrase, Deerfi governance and liquidity mining will be up and running when there suffice users and liquidity in the protocol. This design guarantees our community forms a consensus about the value of our protocol and fairness of token circulation.”
– – The Deerfi Team

CryptoNinjas” Deerfi’s permissionless flash loan market now reside on Ethereum