Gremlin Finance Introduction

Published on: 09.02.2022

Gremlin will enable users to borrow and lend tokens directly on its platform with low fees due to the high-scalability of the Fantom Network.

Gremlin Finance is a decentralized lending protocol, designed to maximize the future potential of yield farming within the Fantom ecosystem. Liquidity providers can borrow using their Automated Market Maker (AMM) Liquidity Provider (LP) tokens as collateral. Lenders can deposit their individual tokens into the Gremlin Protocol lending pools to supply loans.

This facilitates several use-cases:

Borrowing tokens for leveraged yield farming, where the loan is added to a liquidity pool for additional LP tokens.
Using borrowed tokens to implement an impermanent loss hedging strategy.
Lending individual tokens to earn yield, while indirectly providing liquidity to AMMs without risk of impermanent loss.
Achieve the same leverage as alternative DeFi lending protocols with less risk exposure.

Gremlin is built as highly-scalable lending protocol based on Compound Finance, and exchange platform based on Balancer Labs utilizing the capacity of Fantom’s highly scalable EVM.