Solend Partnership with Basis Markets

Published on: 11.06.2022
Solend Partnership with Basis Markets

Solend, the autonomous interest rate machine for lending on Solana, is thrilled to announce its partnership with Basis Markets, a decentralized liquidity pool owned by you, powered by a $BASIS trade engine.

Partnership HighLights

Solend partnership with Basis Markets is to launch the Basis Isolated Pool. 

Solend is an algorithmic, decentralized protocol for lending and borrowing on Solana.
Lending and borrowing have proven themselves as being key in a DeFi ecosystem. However, current products are slow and expensive. On Solana, Solend can scale to being 100x faster and 100x cheaper. Solend aims to be the easiest to use and most secure solution on Solana.
With Solend, users can:

  • Earn interest
  • Borrow
  • Leverage long
  • Short

Earn interest and borrow 45 assets across 16 pools on the fastest, lowest fee, and most scalable lending protocol.

Basis.markets has established itself as a Decentralized Autonomous Organization (DAO) on the SOLANA blockchain.

Basis Pool Overview

The Basis pool contains BASIS, the governance token of Basis Markets (basis.markets) and rBASIS, the staked version. Deposit them to earn interest or borrow USDC against it. Leverage stake rBASIS by borrowing BASIS then swapping to and depositing rBASIS.

The BASIS pool has 3 reserves: rBASIS, BASIS and USDC. Lend them out for yield or use them as collateral to borrow others. A potential strategy with this pool is to leverage stake rBASIS, by depositing rBASIS and borrowing BASIS against it repeatedly.

About Basis Markets

Basis Markets is a Next-level returns. Delta-neutral yield. Real-time insights. A Decentralized Liquidity Pool owned by you, powered by $BASIS trade engine.

Website | Twitter

About Solend

Solend is an algorithmic, decentralized protocol for lending and borrowing on Solana. Lending and borrowing has proven itself as being key in a DeFi ecosystem. Solend aims to be the easiest to use and most secure solution on Solana blockchain.

Website | Twitter

SOURCE

https://blog.solend.fi/basis-isolated-pool-643f51305497

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