Currencies32904
Market Cap$ 2.79T-0.51%
24h Spot Volume$ 31.95B-47.1%
DominanceBTC58.74%-0.04%ETH7.70%+0.06%
ETH Gas0.44 Gwei
Cryptorank
MainCurrenciesNeptune Protocol
Open report modalReport issue
Neptune Protocol

Neptune Protocol NPT 

81 Watchlists

DeFi

General Info

Tags (Sub-Categories):

# Token

+1

Funds and Backers

Description

Neptune Protocol is a decentralized finance platform set to launch on the Eclipse ecosystem.

What is Neptune Protocol?

Neptune Protocol is a decentralized finance (DeFi) platform on the Eclipse ecosystem. It aims to provide a robust solution for stablecoin lending, specifically through its native stablecoin, USDN, pegged to the US dollar.

Key Features:

  • Overcollateralized Lending: Users can take out loans at 0% interest by depositing various types of collateral, such as TIA, stTIA, wETH, stETH, SOL, and others. A one-time fee is charged at the initiation of the loan

  • Maximum Loan-to-Value (LTV): The protocol offers a maximum LTV of up to 90.9%, allowing users to leverage their assets effectively

  • Decentralized Stablecoin: USDN serves as the primary medium of exchange within the Eclipse ecosystem and can be utilized across various DeFi applications

Trending Coins and Tokens Flame icon