Aquarius Loan

Aquarius Loan is a decentralized blockchain protocol on Core chain designed for lending and borrowing selected cryptocurrencies. Users deposit crypto assets into liquidity pools, receiving aTokens in return, which accrue interest. These assets can also serve as collateral for borrowing. The protocol ensures secure operations by utilizing an overcollateralization model, akin to traditional financial loans but without requiring personal information, thus providing a more accessible platform for users.

Aquarius Loan offers significant advantages over traditional financial institutions by eliminating the need for personal information, providing easy access worldwide via an internet connection, and ensuring higher return rates on deposits—up to 10% APY. Additionally, Aquarius leverages blockchain technology for secure, efficient transactions, providing users a decentralized alternative to traditional banking with increased financial sovereignty.

Aquarius Loan secures its operations through an overcollateralization model, meaning users must deposit collateral exceeding the value of their borrowings, reducing risk and ensuring loan coverage. This method provides a more secure lending and borrowing environment as it prevents users from borrowing beyond their collateralized amount, thus safeguarding the liquidity pool and users' assets.

The ARS token serves dual roles as both a governance and utility token within the Aquarius Loan platform. Users are rewarded with ARS for participating in lending and borrowing activities. Additionally, token holders can engage in platform governance, influencing decision-making processes and protocol developments, thereby playing an active role in shaping the future of Aquarius Loan.

Since its launch in 2022, Aquarius Loan has formed strategic partnerships with CoreDAO and SushiSwap. In July 2023, a significant collaboration with CoreDAO facilitated the building of a decentralized money market on Core chain. In August 2023, partnership with SushiSwap was established for launching its native token ARS, furthering the protocol's expansion and operational capabilities.

Aquarius Loan's future strategy focuses on expanding its ecosystem by integrating more users, utilities, and funds into its platform. Following the full-scale operation kick-off accompanying the ARS token launch, Aquarius plans to draw participants from both within and outside the Core chain, aiming to enhance its market presence and broaden its scope in the blockchain lending and borrowing sector.