The protocol is already serving thousands of borrowers across India, Mexico, Spain,Central Europe, Southeast Asia, and more.
By decentralizing the process, DeFi can unlock an entirely new layer of underwriting capacity by allowing anyone to be a lender, not just banks..Claim FLEX Now
Liquidity will be added on December 17, 2022Listing Price: 1 FLEX = 15 USD
From the beginning, we wanted to build for the borrowers who can benefit most and where crypto can have the greatest impact. This led us to start with lending businesses in emerging markets.
Token Name - Flex Finance
Token Symbol - FLEX
Token Decimal - 18
Token Supply - 100.000.000
Network - Smart Chain
Contract Address - 0x8bE900dbFC1C74E110077FA4E6B05E09109eE3FE
In the past month, the total amount borrowed across crypto networks passed $4B, up from less than $200M a year ago. Yet even this growth dramatically underestimates the true potential of DeFi.
That is because all of this lending is overcollateralized. For every $1.00 someone borrows on these networks today, they must first put up ~$1.50 of another asset they already own.
Liquidity Providers supply capital to the Senior Pool. The protocol automatically allocates the Senior Pool to the senior tranches of Borrower Pools.
Borrowers propose pools (with terms like the interest rate) for the Backers to assess
Backers supply capital to the junior tranches of Borrower Pools.
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