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SushiSwap Community Member Launches BentoBox Lending Solution Proposal
Summary: SushiSwap community member Boring Crypto launched the BentoBox Lending solution proposal. Platforms like Compound and Aave allow users to deposit assets as collateral and borrow other assets against this. These protocols have attracted billions of dollars, but they suffer from some major limitations. Taking away these limitations could see much larger adoption.They solve these issues ...
SushiSwap community member Boring Crypto launched the BentoBox Lending solution proposal. Platforms like Compound and Aave allow users to deposit assets as collateral and borrow other assets against this. These protocols have attracted billions of dollars, but they suffer from some major limitations. Taking away these limitations could see much larger adoption.
They solve these issues by having a platform with:
1. Isolated lending pairs. Anyone can create a pair, it’s up to users which pairs they find safe enough. Risk is isolated to just that pair.
2. Flexible oracles, both on-chain and off-chain.
Liquid interest rates based on a specific target utilization, such as 75%.
3. Contracts optimized for low gas.
4. The supplied assets can be used for flash loans, providing extra revenue for suppliers.
Tracy Chen
Tags: Sushiswap
Link: SushiSwap Community Member Launches BentoBox Lending Solution Proposal [Copy]