BRIEF HISTORY OF EDGE PROTOCOL
More than fifty new projects are now in the process of being developed as part of Terra's blockchain and ecosystem. These protocols each have their own tokens, which include not just governance tokens but also yield-bearing assets, synthetics assets, and position-representing tokens. In addition, these tokens may be used to represent positions. Every one of them has its own one-of-a-kind qualities and, of course, risk profile.
Since one of our goals is to build an infrastructure for the future of finance, we think that DeFi ought to be as decentralized and effective as possible. As a result, we decided to develop Edge Protocol so that individuals may make the best possible use of all of the resources at their disposal.
In Phase 1, which is the only phase that will be discussed in this article, we are developing the community-based money market protocol. This protocol will enable anyone to establish their very own money market by dictating the parameters that will apply to their own peers. Because Edge Protocol acts as "Everyone's Banks," it enables users to list assets, use those assets, lend, borrow, or even monetize those assets in a creative manner. This gives degens, protocols, or DAOs the ability to develop their own money market that caters to their particular requirements.
CONSTITUENT PARTS:
Because we want it to be as simple as possible for individuals and protocols to take use of our decentralized money market, we have constructed Edge Protocol such that it is comprised of three primary parts. As will be detailed in the following paragraphs, each of these fundamental components has its own separate set of stakeholders, which we have established in order to make it simpler for individuals and protocols to utilize our decentralized money market. This was done in order to make it possible for more people and protocols to use our money market. Our goal was to make it easier for individuals and companies to take advantage of our money market with as little effort on their behalf as was humanly possible for us to need of them.
Personalized formation of pools (for the pool's originator, who may also act as a lender).
The pool serves as a marketplace for both lenders and borrowers.
The process of liquidation (either for a liquidator or a supplier of liquidity for the edge stability reserve).
CREATE A POOL THAT FITS YOUR NEEDS PERFECTLY
The "Community-created pool" feature of Edge gives users the ability to tailor their own money market, often known as a lending pool. There are two different methods to make use of this feature.
OPEN TO THE PUBLIC
The public pool is often a financial exchange that operates in a manner like to that of Compound, Aave, or even Mars. Imagine an environment in which there are one hundred different money market pools, each of which is designed for a different function and targeted at a different category of consumers.
PRIVATE POOL
The private pool is intended to provide services to a particular group of customers who have a certain need, such as the provision of pool liquidity bootstrapping or even small group loan services. It is aimed to cater to this particular set of customers who have this requirement. The use of the private pool is intended to be the means through which this objective will be accomplished.
CUSTOMIZATION
It is possible for anybody to become a pool builder, and each individual pool builder has the option to modify the following qualities and criteria for their pool in any manner that they consider to be acceptable. It is possible for anyone to become a pool builder.
ASSET: Any asset that can be traded on a DEX (like Astroport or Loop) and has a price may be listed by the Pool Creator. The only requirement is that the item must have a price.
FORMULATION FOR INTEREST RATES:
At this point in the evolution of decentralized finance, there is a wide variety of interest models available for purchase from a number of well-known companies. Models such as Ave, Cream Finance, Alpha Homora, and even Delphi Digital's Reactive interest rate model are just a few instances of this category. Those who want to construct pools have the option of selecting an interest rate model that is flexible enough to readily be altered to match their particular thesis or application.
CONCLUSION:
In a nutshell, Edge Protocol enables individuals or protocols to construct the pool by listing any asset they like and customizing all of the pool's criteria. As a result, those that create pools have the opportunity to make money off of the market fees collected in such pools. They are able to construct their own pool for the protocol, where they can take advantage of a second income stream from market fees, which is something they would not be able to gain if they solely participated in other money markets as lenders.
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