EARN Lending Protocol

EARN Protocol, the Enhanced Autonomous Rewards Network, operates as a decentralized finance (DeFi) protocol, enabling interest-free collateralized borrowing. Users can borrow $PXDC (PulseX Dollar Coin) by depositing $PLSX ($PulseX) into a Vault with a minimum collateral ratio of 110%. Its dual-token system offers an appealing alternative to traditional finance and other DeFi protocols.

Key Features

Interest free borrowing.
Low minimum collateralization ratio of 110%.
Immutable — no admin keys.
Censorship resistant.
Governance-Free.
A user can open a Vault, deposit $PLSX, mint $PXDC, and manage their own collateral health. There is a $500 $PLSX minimum loan amount per Vault.
There is a one-time fee when opening a Vault. This fee ranges between 0.5% - 5% depending on the overall health of the system.
When a borrower opens a Vault, a $50 worth of $PLSX fully refundable retainer is held. This retainer is surrendered only if the Vault is liquidated. When closing a Vault, the retainer is returned to the user.
There is no fee to pay down debt or close a Vault.
$PXDC is always directly redeemable for $1 worth of $PLSX.
Users are incentivized with the emission of $EARN tokens when $PXDC is deposited into the Stability Pool. This pool is used to settle any debt from liquidations.
There are two ways in which stability depositors are rewarded. The first one is through $EARN emissions, and the second one is by receiving $PLSX from liquidation events.
When a Vault is liquidated after falling below the minimum collateral health requirement set by the protocol, stability depositors obtain $PLSX from liquidations. This clears the corresponding debt by utilizing pooled $PXDC in proportion to a user’s staked percentage of the Stability Pool. When this event occurs, the net value of each stability depositor increases.
Staking pool - Stake $EARN to obtain borrowing and redemption fees proportional to your staked position. Stakers receive $PXDC whenever a new Vault is opened and initial minting of $PXDC occurs, and $PLSX whenever a redemption occurs.
EARN Protocol can be accessed via a network of third-party Frontends. A list of active front ends can be found at earnprotocol.io, one of which is the POWERCITY Amplifier which simplifies and automates EARN Protocol.

PreviousSupported Services Next$PXDC Stablecoin

Last updated 2 years ago

EARN Lending Protocol

Key Features

Interest free borrowing.
Low minimum collateralization ratio of 110%.
Immutable — no admin keys.
Censorship resistant.
Governance-Free.
A user can open a Vault, deposit $PLSX, mint $PXDC, and manage their own collateral health. There is a $500 $PLSX minimum loan amount per Vault.
There is a one-time fee when opening a Vault. This fee ranges between 0.5% - 5% depending on the overall health of the system.
When a borrower opens a Vault, a $50 worth of $PLSX fully refundable retainer is held. This retainer is surrendered only if the Vault is liquidated. When closing a Vault, the retainer is returned to the user.
There is no fee to pay down debt or close a Vault.
$PXDC is always directly redeemable for $1 worth of $PLSX.
Users are incentivized with the emission of $EARN tokens when $PXDC is deposited into the Stability Pool. This pool is used to settle any debt from liquidations.
There are two ways in which stability depositors are rewarded. The first one is through $EARN emissions, and the second one is by receiving $PLSX from liquidation events.
When a Vault is liquidated after falling below the minimum collateral health requirement set by the protocol, stability depositors obtain $PLSX from liquidations. This clears the corresponding debt by utilizing pooled $PXDC in proportion to a user’s staked percentage of the Stability Pool. When this event occurs, the net value of each stability depositor increases.
Staking pool - Stake $EARN to obtain borrowing and redemption fees proportional to your staked position. Stakers receive $PXDC whenever a new Vault is opened and initial minting of $PXDC occurs, and $PLSX whenever a redemption occurs.
EARN Protocol can be accessed via a network of third-party Frontends. A list of active front ends can be found at earnprotocol.io, one of which is the POWERCITY Amplifier which simplifies and automates EARN Protocol.

PreviousSupported Services Next$PXDC Stablecoin

Last updated 2 years ago