Yearn Finance shuns governance token with new stablecoin lending protocol

Cointelegraph

Published Sep 11, 2020 12:56AM ET

Updated Sep 12, 2020 03:40AM ET

Popular decentralized finance platform Yearn Finance has announced a new lending protocol dubbed StableCredit.

StableCredit combines tokenized debt stablecoins, lending and single-sided automated market makers to offer what it describes as “a completely decentralized lending protocol” reminiscent of MakerDAO (MKR).

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