“Someone's sitting in the shade today because someone planted a tree a long time ago.”
~ Warren Buffett
Blockchain technology has tremendously shaped the world's system of finance not precluding other essential contributions it has offered, chiefly, its corrections in the flaws of the Traditional Banking system.
Especially in the crypto verse, it has paved way for a near impeccable financial system characterized by trustlessness, fairness, transparency & privacy.
And this has led to the advent of many cryptocurrencies which in one way or the other have a unique purpose and contribute towards the development of Blockchain technology.
Most cryptocurrencies mirrored the primitive form of banking by redesigning its flaws into a more decentralized and anonymous manner thus offering the same fiscal services traditional banks offer such as Borrowing, Lending, Yield Farming etc.
Irrespective of these mind-blowing innovations, there still exists strings of flaws in the system which can pose a vulnerability and bring great damage to Blockchain technology.
Why ZkLend?
You may have probably heard of the industry big shots like Aave & Compound which are modeled towards offering users the ability to deposit, borrow, lend and earn passive income through these services.
Extending the backdrop of the money-market protocols, zkLend looks to redefine the existing trends in money-market protocols by studying and eliminating the defects in their design and bringing into reality ground-breaking innovations in DeFi.
What is zkLend ?
zkLend is an open source money market [borrowing & lending] protocol built on StarkNet Ecosystem combining zk-rollup stability which has two core products:
Artemis: a permissionless service built for DeFi users. This provides amazing features like; development of interest rate curves, incentive rewards, prosperity risk control on assets.
Apollo: a permissioned service for Institutional firms like Hedge funds, SME etc. It offers an uncollateralized lending for these firms on a substantial KYC/KYB based criteria.
There are several zkLend Uses Cases which includes leveraging, shorting, LP, DeFI protocol funding e.t.c
If you want to read my detailed thread on zkLend, see below
Also, Testnet is still live for whitelisted users and for those experiencing lag on the protocol, the issue is from starkNet Network, so always be patient while testing the protocol.
Expect to see mainnet launch on Q4 2022 or Q3 2023 and i’ll be keeping a close eye on this for the Testnet and the Airdrop play.
I gave 30 WL spots for my followers and for the last 15 spots, the address is now eligible for selected users, You can go and give it a shot now.
Expect more Alpha on some interesting protocols building on these L2s and stay safe frens.
Thanks for reading!
This content above is for educational and informational purpose. Always DYOR before Investing.
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