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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Author: Eden Au
