ETHA Lend is thrilled to announce the launch of its highly anticipated Mainnet on the Polygon network on July 15th, 2021. ETHA Lend is an interoperable yield optimizer that aims to remove the complexities of DeFi to provide optimal yield via its 700X faster discovery algorithm.
Many features will roll out with the protocol’s Mainnet, shaping it into a holistic ecosystem that automates returns for its users. In addition, their protocol offers curated access to a suite of DeFi yield opportunities across the market by providing non-technical users and experts alike with a clean, elegant and simple UI/UX to help them take advantage of a potential rich pasture.
Through this protocol, users can enter different yield optimization and investment options depending on their risk appetite. Initially, the protocol will launch vault strategies for risk-averse users to enter a more stable and predictable experience.
ETHA Lend vaults, also called the eVaults, employ a phenomenal stable asset strategy. The two eVaults that will roll out with the Mainnet include QuickSwap eVault and Curve eVault. Both use a low-risk strategy where users deposit in stable assets (DAI, USDC, USDT) to receive returns in volatile assets (ETH, BTC, ETHA). This mechanism strikes the perfect synergy between risk and rewards. A representative of the ETHA Lend team has informed us that they plan on expanding on their eVaults, in terms of strategy, LP pair deployment, functionalities, and more to cover a broader user base. The end game for the protocol is to maximize DeFi returns by minimizing risks.
What makes the experience even more exciting on the protocol is the – ETHA Smart Wallet. A non-custodial iteration that allows users to make atomic transactions. Meaning, it batches several transactions with multiple different assets into one transaction. To this end, users can effectively save up on a large chunk of gas fees.
ETHA Smart wallet also comes with several other features, such as wallet delegation, which can mitigate risks and allows for a more accessible experience on the protocol.
Launching on Polygon was a strategic decision for the protocol to attain maximum scalability and make the most of Polygon’s rapidly growing ecosystem. At the same time, ETHA Lend users can enjoy the near-zero gas fees on the Polygon network, which becomes even more exciting coupled with the protocol’s own features such as ETHA smart wallet to help reduce gas fees by significant margins.
ETHA Lend also lets you take advantage of the existing DeFi lending legos, but with a twist. The protocol’s lending market that also launches with the Mainnet is a hybrid model that takes in users’ own data and algorithms to offer opportunities with the highest APY at that time. The protocol’s innovative supply rate model put lower weight on old values and higher weights on current values. This allows for a linear increase in weights, resulting in a more stable and predictable environment for lenders. This is automation at its finest.
But there is another feature on ETHA Lend that takes the main spotlight – the ultra-fast discovery algorithm!
The protocol’s shining hallmark, its discovery algorithm, is 700X faster and more efficient than existing solutions. The algorithm can factor in the volatility of the asset present, yield history, latest gas cost, the budget of the asset provided to calculate asset allocation for a supply as large as 1,000,000 USDT in under a second.
DeFi Reformation begins one yield at a time
In DeFi, innovation is incremental, each one building on the next. That’s why it’s exciting to see protocols like ETHA Lend exploring new ways to utilize an unbanked money market that genuinely rewards the users. The protocol is reducing friction between assets and optimal yields with its hybrid features. With an ever-growing community, it will be interesting to witness how ETHA Lend’s Mainnet launch on July 15th, 2021, will usher in a new chapter for the general DeFi market.
Social Links:
Twitter: https://twitter.com/ethalend
Telegram: https://t.me/ethalendcommunity
Reddit: https://www.reddit.com/r/ETHA/
Discord: https://discord.com/invite/E9tqvR37Qs
