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Relite Finance is a cross-chain lending protocol enabling users to lend and borrow all crypto assets in one place. We do this by utilising the latest Polkadot and Ethereum frameworks.
Advantages:
Cross-chain approach From day 1 Relite is building its solution around interoperability. We allow seamless communication between different chains.
Pools for dedicated Polkadot ecosystem tokens Holders of DOT and related Polkadot projects will have dedicated lending and borrowing pools enabling high liquidity. This is unique to the Relite protocol.
Lower fees and Interest Rates for borrowers Much lower fees for contract execution enabled by Polkadot scalability and pool flexibility. Reasonable interest and accessible collateral ratios for borrowers.
Relite's mission is to redefine and redesign the DeFi lending space and overcome the existing barriers:
Lack of Interoperability Fragmentation of assets within DeFi has evolved into a chronic issue. Users cannot utilise native BTC, ETH, DOT, and other assets currently segregated to their chain, from one protocol.
High Fees and Overcollateralization On average, users are required to surrender 180% minimum collateral and pay enormous fees for contract execution.
Lack of Usability There exists no simple, all-encompassing, intuitive UX required for accelerating mass adoption.
referencePosted on 01 May 2022, this text provides information on Miscellaneous in Cryptocurrency related to Cryptocurrency. Please note that while accuracy is prioritized, the data presented might not be entirely correct or up-to-date. This information is offered for general knowledge and informational purposes only, and should not be considered as a substitute for professional advice.
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