Description
Aquarius Loan is a decentralized blockchain protocol on Core chain that allows users to lend and borrow cryptocurrencies. Users deposit crypto assets to receive aTokens, which accrue interest and can be used as collateral. The protocol employs an overcollateralization model, ensuring users cannot borrow beyond their collateral. Unlike traditional finance, Aquarius doesn't require personal information and offers up to 10% APY. Launched in 2022, it partnered with CoreDAO and SushiSwap and aims to expand its ecosystem. ARS token serves as the platform’s governance and utility token, rewarding users and enabling participation in governance activities.
Aquarius Loan is a decentralized blockchain protocol on Core chain that allows users to lend and borrow cryptocurrencies. Users deposit crypto assets to receive aTokens, which accrue interest and can be used as collateral. The protocol employs an overcollateralization model, ensuring users cannot borrow beyond their collateral. Unlike traditional finance, Aquarius doesn't require personal information and offers up to 10% APY. Launched in 2022, it partnered with CoreDAO and SushiSwap and aims to expand its ecosystem. ARS token serves as the platform’s governance and utility token, rewarding users and enabling participation in governance activities.
