Amara Finance receives grants from Polygon
Amara Finance is excited to announce that they got grant from Polygon, which is bound to be a successful start for future integration!
Amara is a multi-chain assets lending protocol within the Polkadot ecosystem, focusing on open, privacy preserved, multi-chain lending markets.
Amara seamlessly connects mainstream digital assets and top rated long tail assets that improves overall liquidity and expand the DeFi horizon.
To achieve these goals, one of the top priorities would be building the bridge based on TEE trusted computing.Eventually, we want to become the hub of lending and exchange in the crypto world.
Supports long-tail asset loan as well as mainstream assets.
Fast and low-cost cross chain transactions.
Interest rate model. Interest rate bomb function is introduced to avoid risk under extreme market fluctuation.
NFT. Top NFT can be mortgaged.
Risk management. Mainstream assets are separated with long-tail assets, total loan limits, Staking insurance, insurance deposits are set to insure financial safety.
Acceleration pool. Encourage users to hold by share profit and accelerate mining.
In the early stage, Amara will mainly support the popular assets on Acala and Polkadot. Based on Acala Network, Amara lending protocol supports assets including Staking liquidity release assets LDOT, LKSM, multi-collateralized stablecoin backed by cross-chain assets (aUSD), etc. In addition, Amara will also support cross-chain assets such as BTC, ETH, DAI, USDT and USDC through cross-chain bridges, which is the main destination of Amara in its first stage.
After completing the first phase, Amara will become the top lending protocol of Polkadot. In the next stage, on the one hand, the long-tail quality assets will be included in Amara lending protocol, so as to fully release the liquidity of long tail assets. On the other hand, Amara will seek the appropriate path to achieve transformation from the lending protocol to Amara Finance, and develop various financial services such as unsecured loan (flash loans, third-party credit loan, etc.), cross-chain lending business, variable flexible interest rate, NFT, forecast market, etc., so as to build itself into an ecological DeFi financial platform of Polkadot.
SOURCE: https://twitter.com/AmaraFinance/status/1415931263957889028
