🏦Prometheus Loans

What is Prometheus LOANS ?

Prometheus Loans is a decentralized, open and permissionless liquidity market protocol where users can participate by borrowing or lending money through the protocol directly from Arbitrum.‌ Anyone with a wallet can use the product and third-party protocols are invited to build on top of us to generate further yields.

The Prometheus Loans protocol is autonomous and algorithmic with its parameters being controlled by governance proposals and yield curves.

The goal is to deliver a simple and professional DeFi experience across all popular blockchains. The UI will integrate multi-chain support in its core which will guarantee its users a seamless and clean experience while utilizing different chains.

The main mission of Prometheus Loans is to give people the ability to live from the income of their own personal resources with the help of a decentralized, secure and non-custodial platform.

LENDING / BORROWING

On Prometheus LOANS, token borrowers are able to access capital for use anywhere in the crypto-asset ecosystem. Market makers have direct access to pools of capital for their trading operations and can frictionlessly borrow and trade pool assets. Borrowing interest rates are algorithmically determined as a result of the utilization rate of the pool’s assets.

Users are able to take a collateralized loan against their supplied assets in Prometheus LOANS. Once these assets are supplied, you can borrow based on the collateral factor of the asset.