Inverse Finance seizes tokens, ships code: Launches stablecoin lending protocol
Cointelegraph
Published Feb 27, 2021 07:36PM ET
Updated Feb 27, 2021 09:20PM ET
Shortly after culling its community of inactive members, one of decentralized finance’s (DeFi) strangest experiments is launching a new stablecoin lending product.
On Wednesday Inverse Finance revealed the Anchor Protocol, a money market built around DOLA, a protocol-native synthetic stablecoin. Based on “a modified fork of Compound,” in a blog post Inverse Finance founder Nour Haridy compares Anchor to Synthetix, which issues credit in the form of synthetic assets back by overleveraged collateral, and Compound, which issues credit in the form of crypto asset loans also backed by overleveraged collateral.
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Written By: Cointelegraph
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