Features
🚀 Low Interest Loan
Users can mint wenUSD against their LSDs. They can thus obtain an LSD-backed loan with very low recurring costs.
🦃️ Protocol Controlled Interest Rate
wenUSD has a very competitive interest rate from the protocol's unique design, which is derived from ETH2.0 staking reward rather than thin air.
🔋 115% Minimum Collateral Ratio
Wen Protocol allows users to borrow at a minimum collateral ratio of 115%, which corresponds to a loan-to-value ratio of 86.95%. This makes borrowing highly capital efficient and allows for up to 7.66x leverage.
🔥 Efficient Liquidation Mechanism (ELM)
Liquidations ensure the system remain solvent. Thus, WEN Protocol's instant and efficient liquidations mechanism (ELM) of Troves that fall under the minimum collateral ratio of 115% maintains the health and stability of the protocol, which implemented by a stability pool.
🦃️ Diversified Underlying Assets
However WEN Protocol is not only a fork of Liquity, also it enhances Liquity's origin model to support multiple LSDs, including:
ETH(wrapped into LSDs according to vault strategy or user choice)stETH, from Lido ProtocolbETH, from BinancerETH, from Rocketpool ProtocolcbETH, from CoinbasesfrxETH, from Frax ProtocolankrETH, from Ankr Protocolto be continued...
👑 Governance
Wen Protocol will introduce an ES-Model to amplify the sustainability of the system, utilized by its native governance token esWEN.
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