Market Cap
- (-%)
Launch Date
31 October, 2021
Telegram Share (🚀BOOST)
About: is a decentralized money market protocol built on the Ethereum Mainnet and Binance Smart Chain. 1Pool establishes 'money markets' for lending and yield aggregation. Existing DeFi protocols such as Compound and Aave allow lending and borrowing of only the standard digital assets such as BTC, ETH and ERC tokens. The distinction of the 1POOL protocol is that it collateralizes Liqudity Provider ( LP tokens) and facilitates decentralized lending and borrowing of both LP tokens and other standard digital assets. Using 1Pool lending protocol, users can obtain a loan against selected LP tokens. LP token collateralization effectively opens up a hitherto untapped $ multi-billion market of digital assets ( TVL of Defi's stood at $ 95 B as of Oct 20th). 1Pool’s cross chain money market protocol is seamlessly connected by the 1Pool token bridge. 1Pool Yield aggregator is live on Ethereum and Binance Smart Chain. Polygon and Fantom networks will be added in Q4, 2021.