2020-10-27 21:51:01

Introduction to the Yield Protocol

Quick TakeYield Protocol v1, which launched October 19th on Ethereum mainnet, enables fixed-rate borrowing and lending for DAI.Previous crypto lending protocols have generally focused on variable rate lending, with interest rates set by governance or a formula.Three of the five most valuable crypto protocols by total value locked are lending services, with a combined $2.4 billion in outstanding debt between them.

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