Introducing Fountain Protocol
Fountain Protocol is the first cross-chain lending platform powered by Oasis. The protocol enables users to experience high capital efficiency one-stop management of DeFi assets. Taking advantage of the extremely efficient and low-cost Oasis Network, Fountain Protocol establishes a multi-revenue protocol with a fund pool as the core and multiple application scenarios.
Fountain is more than a lending and borrowing protocol; it is a decentralized one-stop platform for managing DeFi assets, even across multiple scenarios such as liquidity mining, lending, and leverage trading.
Features of Fountain Protocol
- Multi-Chain Deployment: Fountain Protocol will realize multi-chain deployment to keep abreast with the global deployment trend. As high fees of Ethereum have been a hindrance to the future development of blockchain, many high-performance public chains have sprung into being, these public chains have become an important underlying infrastructure for blockchain world.
- Leverage Trading: As a lending protocol, Fountain Protocol can be used as a means to long and short. Through the act of supplying, borrowing and selling assets using Fountain Protocol, an easily managed, capital efficient and decentralized means to long and short cryptocurrency is available to its users.
- Cross-Chain Lending: Fountain Protocol aims to become a cross-chain lending platform as aggregation features the trend of DeFi. Different DeFi protocols can be freely integrated and combined in Lego way, the significant advantage will accelerate and shape the aggregation of future blockchain.
As with all cutting edge financial services, there are elements of risk to interacting with cryptocurrency and platforms such as Fountain Protocol. The most pressing of these are smart contract vulnerabilities that affect the platform and the liquidation risk faced by users. No platform should be considered 100% safe.
That said, Fountain Protocol has and continues to be extensively tested in order to mitigate risk and provide the UI necessary to protect user funds from undue loss. Smart contracts are reviewed thoroughly and risk assessments are conducted prior to additions to the protocols suite of services. What is more, Fountain Protocol will be continuously pursuing security audits for the protocol.
RESOURCES
Medium
