@Beraborrow - Classification: Triple A
Folks, honestly I gotta say, I just talked to one of the most brilliant team in the world, who walked me thru a bunch of quants shiet.
Theyâre the genius minds behind @beraborrow . After a 1.5 hour call, one thing I know for sure - Beraborrow is the most complex CDP in defi, and Iâll be no surprise if they became top 1 on their vertical, with highest yield offering.
Head of product is @0xKobble , wif 2 other guys on tech team that are experts in modeling historical data price of the assets.
Since MakerDAO first introduced CDP (Collateralized Debt Position) in 2014 with initial DAI stablecoin, which later became USDS, nothing has changed much in terms of innovation, until @beraborrow came out.
Look, frankly im not a fucking quant nor tech nor a guy who can go too deep on the mechanism. And it took me quite a few days to figure out, but I'm bullish on some of these key components:
1) It is supercharged by Proof of Liquidity, which allow @Beraborrow to offer borrowing against your LP positions. That means there will be extra yield of BGT/iBGT.
2) NECT - @beraborrow's stablecoins - is the core of the project, and I want to use it as the focus to analyze the products I consider as satellites around it.
3) Liquid Stability Pool (LSP) - A pool of multiple assets that mainly made up of NECT, designed to manage liquidation, with Auto-compounding vault. Loop Loop Loop Loop until there is nothing else to loop, but wif world-top safety controlled.
Now letâs go in detail how it works
@beraborrow allow users to mint NECT by deposit their collaterals assets into a Den (vault) , which includes:
- Majors like BERA, BTC, ETH
- Yield earning assets like iBGT, wgBERA, rUSD, etc
- as well as other whitelisted assets, such as LP tokens from @InfraredFinance , Bex, etc. (thank to PoL)
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