Prestare Finance (Prestare) is a lending protocol that offers a lower collateral ratio and can even support under-collateralized loans with almost any assets, without using off-chain information. Compared with other lending protocols, we bring greater capital efficiency to catalyse DeFi growth and adoption.
Under-collateralized borrowing is achieved by allowing the borrower to use a portion of the previously accumulated interests as collateral to borrow more funds next time. SoulBound Token containing credit scores for all users need to be minted if users want to borrow on Prestare. Users with higher credit scores can have a loan with a lower collateral ratio.
Unpermissioned listing is introduced to Prestare by adopting isolated asset tiers. Prestare allows its users to determine which assets are listed. Assets on Prestare are divided into different tiers according to their risk. Users putting certain tier assets as collateral can only borrow the money from the corresponding tier pool out. If prices of low-tier assets are manipulated, only deposits in the particular tier will be affected. Risks are minimized.
Useful Links
Twitter: https://twitter.com/PrestareFinance
Discord: https://discord.gg/BYWs5HFpNV
Telegram: https://t.me/prestarefinance
Medium: https://medium.com/@prestare.finance
Mirror: https://mirror.xyz/prestare.eth
Company Details
- Address
- Hong Kong, Hk
- Industry
- Blockchain Services
- Website
- https://prestare.finance/
- Keywords
- DeFi Lending protocol that allows users to make under-collateralized loans with almost any asset..
- HQ
- Hong Kong
Prestare Finance Questions
Prestare Finance's website is https://prestare.finance/
Prestare Finance's LinkedIn profile is https://hk.linkedin.com/company/prestarefinance
Prestare Finance's industry is
Blockchain Services
Prestare Finance's top competitors are
Wanderboat Ai,
Absolute New York,
Kor Protocol,
Twindly Ai,
Nicka K New York,
Heyboss,
Synthetix,
Stealthex,
Synthetix,
Twindle.
Prestare Finance's categories are Blockchain Services
