About Replete
Last updated
Last updated
Replete is a chain abstracted money market protocol that enables users to borrow and lend various digital assets from any connected blockchain.
To borrow users need to supply crypto assets as collateral. Suppliers earn yield on crypto assets provided as liquidity. Borrowers pay a dynamic interest rate while liquidity suppliers earn interest on assets provided.
Replete is governed by the community as a Decentralized Autonomous Organization (DAO).
The easiest way to interact with the protocol is through the user interface (dApp). For both suppliers and borrowers the first step, after learning about the protocol, is supplying a supported token.
Suppliers earn yield based on the borrowing demand of assets supplied. While borrowers interest rate fluctuate depending on the utilization rate of the liquidity pool.
When a supplier deposits assets in the protocol they can borrow against the deposited collateral unless opted out.
Note that users can offset the borrowing interest rate by the interest generated on supplied assets but need to manage it actively.
More information will be shared in due time. Feel free to follow us on Twitter for updates or come and say gm on Discord.
Currently there are no tokens in circulation.
