EpsiLoan ELN
Live Epsiloan Protocol is a decentralized borrowing platform that allows users to secure zero-interest loans using their Liquid Restaking Tokens (LRTs) as collateral. By minting our novel stablecoin, yUSD, users can obtain credit (an Epsiloan) at absolutely Zero fees!
Project Description
Epsiloan Protocol is a decentralized borrowing platform that allows users to secure zero-interest loans using their Liquid Restaking Tokens (LRTs) as collateral. By minting our novel stablecoin, yUSD, users can obtain credit (an Epsiloan) at absolutely Zero fees!
Key Highlights:
- Zero Interest Loans: Secure an Epsiloan; a loan provided with your LRT of choice as collateral, with absolutely no accruing interest.
- Zero Fees: Absolutely no charges on the minting of the world's first stablecoin backed by LRTs, $yUSD (1:1 USD hard-pegged).
- Lowest MCR in the Industry: Enjoy the industry's lowest Minimum Collateral Ratio (MCR), a meagre 120%.
- Utility & Liquidity: Whether users' assets are of the native, staked or restaked nature, utility is upheld without having to unlock assets.
- Top partners: Upon Launch we will be partnering with the top LRT Protocols on EigenLayer, i.e. Etherfi, Renzo, Puffer Finance and KelpDAO. We will thereafter expand our horizon to merge with more platforms.
To achieve this vision, we are currently seeking to onboard a select group of Angels, Key Opinion Leaders (KOLs), and investors who can add substantial value to our project (in addition to our community at large).