@Beraborrow - Classification: Triple A
Folks, honestly I gotta say, I just talked to one of the most brilliant teams in the world, who walked me thru a bunch of quants shiet.
Theyâre the genius minds behind @Beraborrow.
After a 1.5 hour call, thereâs one thing I now know for sure - @beraborrow is the most complex CDP in defi. And I wonât be surprised if they become the top project in their vertical, with the highest yield offering.
I spoke with Co-Founder @0xKobble , and two other guys on the Beraborrow tech team, who are experts in modeling the historical data price of the assets.
Since MakerDAO first introduced CDP (Collateralized Debt Position) in 2014 with an initial DAI stablecoin - that later became USDS - then in 2021 Liquity launched DAI but since then nothing has changed much in terms of innovation. Until @beraborrow .
Look, frankly iâm not a fucking quant, or tech, or a guy who can go too deep on the mechanism. So it took me quite a few days to figure it out, BUT I'm bullish on these key components:
1) It is supercharged by Proof of Liquidity, which allows @beraborrow to offer borrowing against your LP positions. That means there will be extra yield of BGT/iBGT.
2) NECT - the ability to borrow 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) The Liquid Stability Pool (LSP) - a pool of multiple assets that is mainly made up of NECT, designed to manage liquidation, with the Auto-compounding vault. Loop, loop, loop, and loop until there is nothing else to loop, all with world-class safety controls.
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