Ola Finance and Fuse Network Collaboration Will Acces A Broader Decentalized Lending
A leading decentralized finance (DeFi) project, Fuse Network gracefully announced its collaboration with Ola Finance, a platform for creating custom decentralized lending networks
Ola Finance solves the large homogeneous network issue by enabling any community to permissionlessly create and govern its own lending network on top of the platform and choose the eligible assets and other parameters, including the loan collateralization ratio, the interest rate model, the debt position liquidation mechanism.
Fuse is committed to making payments and DeFi accessible to the greatest number of people, hence Ola’s approach is a perfect fit for creating the first native decentralized lending network on. When the network went live, it will initially support four assets both on the supply and the demand side: FUSE, Wrapped Ether (WETH), Wrapped Bitcoin (WBTC) and USDC.
Meanwhile, the Fuse-powered CuraDAI stablecoin community in Curaçao could boost the adoption of its stablecoin by launching its own lending network on top of Ola.
ABOUT Ola Finance
Ola Finance is a competitor in the lending/borrowing segment of DeFi.It is a platform that lets anyone create a Compound-like instance that includes whichever tokens they want
ABOUT Fuse Network
Fuse Network is a leading decentralized finance (DeFi) project led by bold change-makers who truly believe that the future of money is non-custodial.
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