Decentralised debt marketplace to connect lender and borrowers

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    Decentralised debt marketplace to connect lender and borrowers
    Decentralised debt marketplace to connect lender and borrowers


    **Nuo community is a decentralised debt market connects lenders and debtors by means of sensible contracts powered by Ethereum.**

    Good contracts helps to get rid of center males interplay in lending and borrowing, which isn’t the case within the conventional finance sector(i.e makes use of bonds , utilizing some x individual because the proof who can cheat you anytime ..and so on). The platform will instantly facilitate the consumer interplay — lending and borrowing.

    **DEFI VS FinTech**

    With the rise in Web utilization it paved many new methods to work together, talk and lots of extra but it surely doesn’t present new methods to truly create new monetary devices like bonds, markets..and so on

    However Ethereum Blockchain offered many new methods the place you may replicate swaps, choices, futures, bonds, or different monetary devices that are executed by and settled on Ethereum’s decentralised community with immutable information which is feasible by the ability of Good contracts. Blockchain know-how is doing to finance what the web did to the media by democratising the creation of recent monetary devices.

    **Traction on DEFI**

    Day-to-day Defi is getting a whole lot of traction by way of consumer base and likewise industries who’re making an attempt to utilise the blockchain finance to be within the frontiers of the DEFI area. Shift from conventional finance to Decentralised finance is occurring in a short time. Greater than thousands and thousands of {dollars} are being lended and borrowed every day take a look at the stats under by Defipulse .

    [Source : Defi pulse](https://i.redd.it/dzz8gipeask31.png)

    486.9 $ are being locked within the sensible contracts of the defi initiatives which is basically very big

    **What makes Nuo community distinctive?**

    * Nuo community makes use of the idea of meta-transactions the place you have to pay the gasoline every time you work together with the sensible contract(Lending,Borrowing,Margin buying and selling).
    * As a substitute of utilizing the p2p method Nuo community makes use of the idea of reserve pool method which is superb for the platform to maintain in comparison with different platforms which can be utilizing the idea of p2p method,The place I ought to anticipate the actual period with the intention to get my funds again if there’s something pressing and I must also belief the actual one that might or might not present me the precise crypto foreign money that I lend as a result of he can get mortgage of any foreign money however placing up the collateral which will be the foreign money that may be illiquid and that I’m not keen on.
    * Charges on Nuo are completely algorithmic which completely relies upon upon the demand and provide of the currencies lend charges goes up when the availability within the reserve pool could be very low and vice-versa
    * Introduction of an insurance coverage fund
    * You’re the proprietor of your funds I imply you may withdraw your funds anytime
    * The curiosity is accrued within the reserve contract and distributed proportionally and periodically each day at 00.00 GMT

    **Greatest Use-Case**

    * Nuo community gives one of many most secure positive-yield approaches to storing property obtainable in the marketplace with non-custodial sensible contracts.
    * Nuo community offered all three options of lending, borrowing and margin buying and selling at one place
    * Nuo community is unbiased defi platform which isn’t on high of every other protocols like dharma being on high of compound…and so on
    * Nuo community present one of the best rates of interest in comparison with different platforms

    **Is Nuo community secure?**

    1. Nuo community sensible contract which is the guts of the Defi is being verified one of many standard audit firms [Quantstamp](https://quantstamp.com/blog/quantstamp-audits-nuo-network).
    2. All contracts are open supply publicly obtainable on Github . Everybody can look into every transaction and likewise what lending, borrowing and margin buying and selling does.

    **Dangers related to Nuo community?**

    Flash crash : When market crashes out of the blue and losses incur however nuo takes care of those conditions by making certain that they’ve a strong, examined and safe value oracle which feeds the appropriate value to the contract always. They’ve additionally added a buffer to safeguard the lenders additional. If a flash crash or flash surge results in community congestion then on-chain conformations and transaction finality are delayed which can result in extra lack of collateral worth. This may increasingly result in a loss for the lenders in such instances.



    View Reddit by saiteja01View Supply

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