Express
ARCx Protocol Welcomes Compound Finance Tokens And Iearn Finance Vaults Onto The Platform
Summary: Synthetic asset protocol ARCx has enabled Compound Finance cTokens and iearn finance vaults as collateral to mint STABLEx, according to a recent tweet from founder of ARCx Kerman Kohli. ARCx allows users to deposit collateral to mint STABLEx, the platform's native stablecoin, at a fixed interest rate. Users can then deposit STABLEx into the ARCx ...
Synthetic asset protocol ARCx has enabled Compound Finance cTokens and iearn finance vaults as collateral to mint STABLEx, according to a recent tweet from founder of ARCx Kerman Kohli.
ARCx allows users to deposit collateral to mint STABLEx, the platform's native stablecoin, at a fixed interest rate. Users can then deposit STABLEx into the ARCx savings contracts to earn yield. Kohli's announcement means users can now put cTokens down as collateral to mint new STABLEx tokens.
"The possibilities of re-using assets in DeFi is truly mind-blowing," Kohli wrote.
By Emily Mason
Tags: Andre Cronje,ARCx,Compund Finance,cTokens,DeFi,iearn finance,Yearn Finance
Link: ARCx Protocol Welcomes Compound Finance Tokens And Iearn Finance Vaults Onto The Platform [Copy]
