Introducing The Money Market & Synthetic Stablecoin Protocol Expad
The difference of Expad from other money market protocols is the ability to use the collateral supplied to the market not only to borrow other assets but also to mint synthetic stablecoins with over-collateralized positions that protect the protocol to join the Expad Ambassador submitting an application today!
Introduction
The Expad Protocol is designed to enable a complete algorithmic money market protocol on Binance Smart Chain. The protocol designs are architected and forked based on Compound and MarkerDAO and synced into the Expad platform giving the benefits of both systems into one
Problems
Expad is not the first protocol to help bridge these gaps between traditional financial lending into decentralized protocols on top of blockchains. There have been protocols that achieved this with billions in assets locked into the protocols. However, these protocols are primarily built on Ethereum, which has become costly, slow, and has caused pain points in user experience. These protocols also lack higher market cap assets such as XRP and Litecoin.
- The current protocols are also heavily centralized such as Compound
- Stakeholders and private equity funds seem to be able to control most of the decision-making
- Their distribution plan does not equate to decentralization
Solution
This protocol unlocks billions of dollars in value that are currently on-chains that have no lending markets such as Bitcoin, XRP, Litecoin, and more while enabling the participant to access liquidity in real-time
The Money Market & Synthetic Stablecoin platform.
- Borrow cryptocurrencies and stablecoins with no credit check and fast origination directly on Binance Smart Chain.
- Supply cryptocurrencies and stablecoins and earn a variable APY for providing liquidity the protocol that is secured by over-collateralized assets.
- Mint stablecoins from your supplied collateral that can be used at over 60 million locations worldwide through the Swipe platform and more.
- Controlled by the Expad Token, a governance token designed to be a fair launch distribution for the community
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