ETHA Lend, an interoperable DeFi yield optimizer that provides optimal yields with a 700X ultra-fast discovery algorithm, has announced the launch on its Mainnet on July 15th, 2021.
DeFi yields is a fast-moving and highly competitive sector. DeFi has indeed leveled out the playing field by opening the otherwise clogged flood gates to the masses. However, the space is still ridden with unpredictability, risks, high barriers to entry costs, and a steep learning curve. Combined, these factors make it easy for the average user to feel left out at times.
Built by a passionate team keen on reforming inclusiveness in the DeFi space by allowing users to earn optimal and sustainable yields is ETHA Lend. The protocol represents the future of DeFi perfectly, as an inclusive space that is simple yet elegant and offers value-based returns to users irrespective of their asset classes. It is easy to see the profound DeFi dynamism in ETHA Lend’s features and its growing ecosystem.
The protocol’s Mainnet launches with some of the most exciting elements and strategies in the DeFi space seen in a long, long time.
A 700X faster and more efficient discovery algorithm
ETHA Lend’s discovery algorithm forms the basis of the protocol in their venture to abstract the complexity in DeFi and provides algorithmically driven optimal yields to its users.
To calculate asset allocation, the algorithm factors in:
- The past and present volatility of the assets
- History of yields
- Budget of assets supplied
This algorithm can take all these factors and give out the perfect asset allocation for assets as large as a million USDC in under a second. It is hard to ignore the efficiency that this kind of performance can bring for the users. Moreover, the protocol’s portfolio rebalancing feature is reactive to parameters.
A Wallet that can batch transactions!
ETHA Smart Wallet is a non-custodial wallet with unique features that help users save up on a significant amount of gas fees down the line. Users need to create their ETHA Smart wallet when they interact with the protocol for the first time. This process is essential but required only and only once.
Users do not have to pay for approval/authenticate/allow transactions while visiting new dApps, and protocols (that they haven’t visited before). This mechanism is purely designed to help save up on gas fees, which is a lot of savings after a considerable amount of interactions in time. This also eliminates redundancy by saving the users time and effort wasted in making repetitive transactions making their experience highly efficient and intuitive!
Since it is a non-custodial wallet, users have full control over their assets. Furthermore, via the ETHA Smart wallet, users can make multiple transactions with different assets all at once. In fact, the wallet does it for them. Wallet delegation is another feature that makes the experience highly intuitive.
Vaults that maximize yields and minimize the impact of market volatility
eVault is a very important feature of the protocol that will roll out to the Mainnet. Initially, two eVaults shall be launched with the Mainnet– Curve eVault, and QuickSwap eVault.
Curve and QuickSwap are infamous for their impermanent loss feature, which mitigates economic risk for our users. The protocol’s eVault strategy reduces the chances of economic risk by a large margin. According to this strategy – to invest in the eVaults, users will have to deposit stable assets such as (DAI, USDT, and USDC). And they will receive volatile assets such as (BTC, ETH, and ETHA).
This strategy helps risk-averse users receive optimal and sustainable yields but with maximized stability! ETHA Lend’s team plans on releasing more vault strategies such as vaults for users with a higher risk appetite and even with features such as auto-compounding.
A Consolidated Lending Market
They will also be launching their lending market with the Mainnet, which provides users with algorithmically driven yields. The protocol factors in users’ data and algorithms to protect users from fluctuating hourly APY. Users can invest in a single click, thanks to the ETHA Smart Wallet.
ETHA Lend is also introducing a hybrid lending rate model. The supply rate is one of the most important factors that drive the DeFi lending market. But the same supply rate can also be an extremely volatile element. E.g., the supply rate for DAI on AAVE fluctuates anywhere between 4% to 13% throughout the day. This creates a volatile condition for lenders and borrowers.
But the protocol’s discovery algorithm reduces the impact of short-term volatility on the discovery algorithm’s output to provide lenders a more stable and predictable lending curve.
ETHA Lend Will Redefine DeFi Yields for the Masses!
With its fast-approaching Mainnet launch on July 15th, the first iteration of ETHA Lend will finally come to life. With this event, we might soon see the dawn of a more sustainable product model that truly addresses the concerns of users by making returns accessible for all. Don’t miss the first-mover advantage to test out the protocol’s potential and hybrid features.
You can stay up to date with recent events here:
Website – https://www.ethalend.org/
Twitter – https://twitter.com/ethalend
Medium – https://medium.com/etha/
Telegram News Channel – https://t.me/ethalend
GitHub – https://github.com/ethalend