Their $ETH available to the #Ethervista ecosystem. This ETH can then be borrowed for 7-day periods, enabling borrowers to secure liquidity without selling their assets. For example, if a borrower holds 7,000 USDT, they can borrow $ETH equivalent to that value to meet their needs
But why would borrowers choose Eulend over traditional LP options? Here’s why:
- Increased Liquidity: By matching ETH lenders with borrowers, the system drives greater liquidity into the ecosystem.
- Single-Sided Liquidity Provision: Borrowers only provide tokens such as USDT or USDC, without needing to supply ETH. This means they can maintain their token holdings and retrieve them after the borrowing period ends.
- Incentivized Borrowing: Borrowers earn 60% of LP rewards generated by the shared liquidity pools created with ETH lenders. Since the liquidity provided is larger due to this matching system, borrowers earn significantly more compared to standard liquidity provision. This design not only maximizes rewards but also ensures that borrowers can optimize their token utilization.
Rewards for Lenders
When lenders deposit their ETH into Eulend, their capital works across multiple dimensions:
- Earning Fees from All Lending Pools: Simply by making their ETH available, lenders earn fees from every lending pool simultaneously. Swap fees from all activity within these pools are distributed to ETH lenders based on their share of the total ETH provided.
- Additional LP Rewards When Borrowed: When a borrower uses their ETH, lenders also earn 40% of the LP rewards generated by the shared liquidity pool. This additional reward complements the consistent earnings
