DeFi has been the talk of the town over the past year, with tremendous hype building across crypto and traditional finance communities. New and emerging solutions have blossomed into the new era of finance, and DeFi is now providing users with ingenious solutions to acquire effortless loans.
Freeliquid is a decentralized and community-governed protocol looking to change the way loans and funding options are issued via stablecoins, allowing users to have more flexibility overall and benefit from improvements to existing platforms and systems.
What is Freeliquid?
Freeliquid is a decentralized lending platform that enables funding options in USD stablecoins to liquidity providers, entirely run by smart contracts.
Users can receive funding without any fees, of up to 90% of the collateral in USDFL (Freeliquid’s dollar-pegged stablecoin) while still earning interest from their collateral funds locked in a liquidity pool.
Users can collateralize liquidity pools in DAI, USDT, USDC, and USDN in order to receive their loan. The governance token is FL, allowing holders to vote on different propositions for the project.
Token Pairs Now Available on Swop.Fi and Waves
Freeliquid has now integrated with Swop.Fi and Waves, expanding its network by bringing token pairs to the platforms.
Swop.Fi is an automated market maker offering the best price formulas for each token pair, now adding an FL/USDN pool where users can add liquidity and earn farming rewards in SWOP (the governance token). The distribution amount of tokens to be provided to FL/USDN liquidity pools has kicked off on the 5th of April with APYs as high as 160%.
Waves is a centralized exchange where you can make transactions and stake tokens while maintaining control of your assets – it allows for extremely quick swaps and low fees. The exchange is now adding the FL/USDFL trading pair as well.
With these token pair integrations now available on both platforms, users will greatly benefit from faster transaction speeds and much lower costs in comparison to those on the Ethereum network – this opens up the door to a much larger market.
The Road Ahead: One Milestone at a Time
With Q1 breakthroughs complete, there are major developments in the works for Q2 including stability fees, a USDFL stabilization mechanism, and integration with Binance Smart Chain.