DeBank Version 2.0 Is Going Live

  1. On DeBank 2.0, users are able to use supported tangible tokens and whitelisted NFT as collaterals for loans/credits. On release, BNB, Matic, ETNA, MTB, wrapped ETH, wrapped BTC, 0xPAD and Etna’s native NFT collections will be the acceptable collateral assets. As the adoption grows, more tokens/coins will be integrated.
  2. On DeBank 2.0, only stable coins (BUSD, USDT on BSC and USDC, USDT on Polygon) will be borrowable.
  3. Users earn greatly by lending their stable coins to the application. To incentivize lenders, DeBank employs a dual rewards mechanics for lenders. Lenders get to earn both in stable coins and also in ETNA tokens, with the earnings in ETNA being more dynamic, this means that early lenders get to earn more.
  4. When Etna Network’s native assets are used as collateral, the APR on accessed loans is zero.
  5. Members of the Etna Network’s community are selected as Liquidation-Managers. As a liquidation-manager, you earn by helping liquidate loans that fall in such health standing. To qualify for the role of a liquidation manager, you have to be a staker of Etna tokens or LP.
  6. The Credit Health tool in DeBank helps borrowers to track their loan’s health. It tells the borrower what the health status of active loans are and notifies them when loan liquidation is likely to occur and also the minimum repayment that should be made to prevent it from happening. We are also working on implementing additional health alarm mechanics that would send messages to a borrower when the risk of a liquidation approaches.

More Innovative Features Are Being Developed

  1. DeBank Self-listing Mechanics: We are working on a self-listing mechanics for the DeBank Application, this will allow team members from other projects to self-integrate their tokens/coins to DeBank as an acceptable collateral asset. With this, we believe that DeBank will grow to be one of the most used lending application over time.

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ETNA Network

ETNA Network

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All things DeFi, with features including lending/borrowing and a hybrid liquidity protocol. Hybrid gaming/NFT ecosystem enables seamless integration