Currencies32904
Market Cap$ 2.79T-1.03%
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Echelon
46 Watchlists
DeFi
What is Echelon?
Echelon is a decentralized financial market written in the Move programming language. Its users can borrow and lend assets to each other indirectly via non-custodial pools to earn interest or increase one's buying power with leverage.
Echelon is a money market enabling permissionless borrowing and lending of assets. The protocol protects lenders from defaults and collateral volatility by requiring borrowers to over-collateralize loans, alongside other risk management parameters.
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