The Granary Overview
- What is The Granary?
The Granary is a decentralized finance (DeFi) platform that offers a suite of financial services, primarily focusing on lending and borrowing markets for various cryptocurrencies. It aims to optimize user earnings through efficient and secure lending pools, while also offering transparent terms and real-time data on interest rates, liquidity pools' sizes, and overall market activity.
- Main Features
- Peer-to-Peer (P2P) ModelEasy connectivity to Ethereum and other networksSecure and reliable transactionsAbility to deposit and borrow multiple assetsOpportunity to earn rewards
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Frequently asked questions
The Granary connects lenders and borrowers directly. Users can deposit their crypto holdings into liquidity pools to earn interest. Borrowers can access loans in various cryptocurrencies at variable interest rates.
On The Granary, you can currently deposit and borrow the following assets: WBTC Coin, BOO, sFTMX, FTM, DAI, USDC, ETH, and LINK. However, it is important to note that the deposit and borrow functionality is currently disabled for all of these assets.
Interest rates on The Granary are determined by supply and demand dynamics within the platform. Lenders earn interest that accumulates over time, while borrowers are charged interest on their loans.
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