Protocol Overview
Set up 4 capital pools:
1. LP Coins pool (support mainstream LP Coin)
2. Supply pool (support mainstream Coin)
3. Insurance pool (Fund from Abel finance treasury)
4. NFT Pool
The Main Roles Involved
1. LP pledger (borrower):
Deposit LP to obtain credit, use credit to borrow assets (similar to Aave and Compound)
Support mainstream LP pledge
Access principle, new LP Coin currency for governance voting
Rights and Interests
Pledge to obtain credit
Different LPs have different excess borrowing rates
Can be dynamically adjusted
Pledged airdrop incentives
2. Liquidity Provider (Lender)
Deposit token to provide liquidity into the market
Support mainstream Coin
Rights and interests
Interest income from borrowing
Additional liquidity provides incentives
3. Liquidator
When the borrower reaches the liquidation line, the liquidator repays the borrower to obtain the Coin(LP Coin/Coin/NFT)
Rights and interests
The liquidator will get 8% discounted (such as, repay 100USDT debt and get 108USDT collateral)
4. Abel Finance Project
A) Community Operation
B) Project Maintenance
C) Insurance Pool Operation
Last updated