What is 1Pool.finance?
1Pool.finance is a decentralized money market protocol built on the Ethereum Mainnet and Binance Smart Chain. 1Pool establishes 'money markets' for lending, borrowing and yield aggregation of Liquidity Providers (LP) Tokens and other stand-alone digital assets.*
1Pool Yield aggregator automatically farms selected LP tokens and stand-alone digital assets to generate the most competitive APY in the industry. Farming is currently available on Ethereum and Binance Smart Chain token assets. More chains would be added and a majority of the current and upcoming assets can be farmed through 1POOL.
1Pool Lending Protocol is a decentralized cross-chain lending protocol built on Ethereum and Binance Smart Chain facilitates on-chain lending and borrowing against selected Liquidity Provider (LP) tokens) and stand-alone digital assets. The users ( Lenders) can earn interest on their digital assets by providing supported digital assets to the protocols. Borrowers can obtain a loan by providing selected digital assets, which would include stand-alone assets,i.e. BTC, ETH, DOT and selected LP tokens. Interest rates are adjusted algorithmically by the protocol.
1POOL Governance Token is the native token of the 1POOL ecosystem. The platform participants, i.e. yield aggregators, lenders and borrowers would receive 1POOL tokens pro-rata for their usage of the platform. '1POOL' governance token emission is designed in a way to deter supply inflation. Per Block: 0.595225694 1POOL. Per week: 24,000 each in Eth Mainnet and Binance Smart Chain.
1Pool is a work in progress. New trading options would be added on the go and some of the existing options may be relegated or removed depending on market conditions.
The following pages would detail the key components of the 1Pool ecosystem.
*Read More about LP tokens, their role in decentralized finance and how we think the optimum economic utilization of LP tokens can be further explored: "Optimizing the economic utilization of LP tokens" ( External Link, directs to 1pool medium blog)