The members of the Edge Protocol team take great pride in making certain that the requirements of the customers come before anything else. Due to the fact that Edge Protocol worked exactly as it was designed to throughout the recent turmoil in the market, there were no defaulted loans in the system that could not be traced back to their origins. Before the chain stop, Edge was in a position to successfully manage a total loan volume of over $900 million across 9 different assets.
SCHEME FOR THE LONG RUN:
We will always put the needs of our customers first, and we will never stop developing secure DeFi devices for the whole crypto ecosystem. Specifically, it consists of the following steps for our re-release:
To begin, we will re-launch as Terra 2.0's first and foremost loan market. After the Terra 2.0 chain is online (more on this later), we will handle any refunds for you.
In the second phase, the company will expand vertically by developing new features and products that are complementary to the primary loan business.
In the third phase, we will continue to adhere to the multi-chain concept that we adhere to and investigate more venues to extend Edge. Our community has, up to this point, determined that Osmosis, Cosmos, and Near are the primary candidates for this position.
FOUNDATIONAL ELEMENTS:
Because we intended to make it easier for people and protocols to utilize our decentralized community-based money market, we designed Edge Protocol to be made of three fundamental components. These components are as follows: a money market, a consensus mechanism, and a payment system. Following the above paragraphs will be many paragraphs that define in further depth the various stakeholders that are associated with each of these key components, each of which has its own distinct group of stakeholders. We implemented this so that both individuals and protocols would have an easier time accessing our market.
STRUCTURE OF COSTS:
Edge Protocol enables individuals or protocols to construct the pool by selecting any asset of their choosing and defining all of the pool's criteria. This may be done in any order. This may be accomplished simply specifying the address of the pool. As a direct result of this fact, persons who construct pools have the ability to gain revenue from the market fees that are collected in such pools, which may be seen as an incentive for them to do so. They have the ability to construct their very own pool for the protocol, which provides them with the opportunity to profit from a second income stream that is produced from market fees. If they just engaged in other money markets in the role as lenders, they would not be able to achieve this, since it is something that is beyond their capabilities.
PROTECTIVE FUND FOR FUTURE STABILITY:
We innovated the notion of "stability reserve" to give a new method of liquidation that resonates with the permissionless money market concept of the Edge cryptocurrency, which was inspired by the "stability pool" concept from the Liquity protocol.
When the LTV of a given asset crosses a certain level, as is customary in the money market, the protocol will reveal its collateral in order to provide users the ability to liquidate their positions by exchanging the collateral over the DEX. However, in the situation of permissionless transactions, liquidating outside might be difficult since there may not be enough liquidity in DEX or the price effect may be significant.
As a result, Edge will establish a stability reserve that will be used only for the purpose of liquidating assets by exchanging the assets in reserve for the underwater collateral. The liquidator will place their assets in the stability reserve, and they will profit from the yield generated by the lender's gain, which is what pays for the liquidator's contribution to the stability reserve in order to risk-hedge their lending assets. We think that this idea might be a new financial primitive for people, and we will build on this belief in a next version of our Litepaper.
EXAMPLES OF POSSIBLE USES:
Build your bank business on your platform with the help of Edge pool's infrastructure.
A different source of income for the neighboring protocols on the Terra Ecosystem.
A potential source of income for all TeFi customers and degens
Management of the treasury for DAOs and protocols
a detailed listing of the assets (including those with maturity dates and those with long-tail potential)
Borrow against a token that has a yield bearing and interest bearing.
Borrow money in order to hedge a certain position or strategy (Delta neutral).
Utilize each and every one of your tokens.
Develop a product that may be used in microfinance, such as ROSCA or Lending Circle.
FOR MORE INFORMATION VISIT
WEBSITE: https://edgeprotocol.org/
WHITEPAPER: https://edge-blockchain.gitbook.io/edge-whitepaper/
TWITTER: https://twitter.com/edge_protocol
TELEGRAM: https://t.me/edge_protocol
DISCORD: https://discord.gg/MpRKAKB8Dq
INSTAGRAM: https://www.instagram.com/edgeprotocol/
AUTHOR:
Bitcointalk Username: Bigjohnson124
Bitcointalk profile link:https://bitcointalk.org/index.php?action=profile;u=185728
BSC Wallet Address:0xE81b6A6362e24961AA09D5E413Af386fa9A59B17