Ruler Protocol: a non-liquidatable lending market

May 17, 2021 | The Block News | 0 comments

ruler-protocol:-a-non-liquidatable-lending-market

Quick Take

  • Ruler Protocol offers over-collateralized loans that cannot be liquidated as long as borrowers pay back on time
  • Loans have fixed interest rates that are determined solely by demand and supply
  • Lending pairs are segregated such that a collapse in one collateral does not affect other lending pairs
  • An aggressive liquidity mining scheme was able to bootstrap tens of millions of liquidity at the expense of RULER token holders

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