@Beraborrow - Classification: Triple A
Folks, honestly I gotta say, I just talked to one of the most brilliant teams in the world, who walked me through a bunch of quant stuff.
Theyâre the genius minds behind @beraborrow. After a 1.5 hour call, one thing I know for sure - Beraborrow is the most complex CDP in DeFi, and I wouldnât be surprised if they became number one in their vertical, with the highest yield offering.
Head of product is @0xKobble, with 2 other guys on the tech team who are experts in modeling historical price data of the assets.
Since MakerDAO first introduced CDP (Collateralized Debt Position) in 2014 with the initial DAI stablecoin, which later became USDS, nothing has changed much in terms of innovation, until @beraborrow came out.
Look, frankly I'm not a fucking quant nor tech nor a guy who can go too deep on the mechanism. And it took me quite a few days to figure out, but I'm bullish on some of these key components:
1) It is supercharged by Proof of Liquidity, which allows @Beraborrow to offer borrowing against your LP positions. That means there will be extra yield of BGT/iBGT.
2) NECT - @beraborrow's stablecoins - is the core of the project, and I want to use it as the focus to analyze the products I consider as satellites around it.
3) Liquid Stability Pool (LSP) - A pool of multiple assets that is mainly made up of NECT, designed to manage liquidation, with Auto-compounding vault. Loop Loop Loop Loop until there is nothing else to loop, but with world-top safety controlled.
Now letâs go in detail how it works
@beraborrow allows users to mint NECT by depositing their collateral assets into a Den (vault), which includes:
- Majors like BERA, BTC, ETH
- Yield earning assets like iBGT, wgBERA, rUSD, etc.
- as well as other whitelisted assets, such as LP tokens from @InfraredFinance, Bex, etc. (thanks to PoL)
2.31K
0
The content on this page is provided by third parties. Unless otherwise stated, OKX is not the author of the cited article(s) and does not claim any copyright in the materials. The content is provided for informational purposes only and does not represent the views of OKX. It is not intended to be an endorsement of any kind and should not be considered investment advice or a solicitation to buy or sell digital assets. To the extent generative AI is utilized to provide summaries or other information, such AI generated content may be inaccurate or inconsistent. Please read the linked article for more details and information. OKX is not responsible for content hosted on third party sites. Digital asset holdings, including stablecoins and NFTs, involve a high degree of risk and can fluctuate greatly. You should carefully consider whether trading or holding digital assets is suitable for you in light of your financial condition.