We are excited to announce that Coslend will deploy a unique lending protocol on Evmos. By using Coslend, the community users will be able to enjoy the secure and users-friendly lending application and gain extra profits in Evmos DeFi ecosystem.
How Coslend Works
Coslend is a money market on Evmos. The money market allows users to supply and borrow assets, while receiving or paying interest in a completely permissionless and decentralized way.
Supplying and borrowing interest is set based on market demand, and loans are over-collateralized to ensure solvency.
This model was pioneered by the Compound protocol on Ethereum, but high gas fees have made the protocol untenable for most users. Building on Evmos gives Coslend fast and cheap transactions, democratizing access to everyone.
About Coslend
Coslend lending protocol is a money market on Evmos Ecosystem based on Compound. Aiming to create a safe, open and transparent decentralized financial money market.
Discord | GitHub | Twitter | Website | Medium | Docs
About Evmos
Evmos is the one of the first Ethereum Virtual Machine-based blockchains in the Cosmos ecosystem and enables developers to launch apps that run smart contracts across any number of EVM and Cosmos-based blockchains. It makes that process as simple and seamless as possible by allowing developers to continue creating apps in Solidity and Vyper like they’re accustomed to in the Ethereum ecosystem. Evmos opens a new frontier for blockchain applications, expanding the functionality of the EVM by enabling cross-chain applications that tap the liquidity and user bases of multiple blockchain ecosystems to provide more unified experiences.
Discord | GitHub | Twitter | Telegram | Medium | Website | Docs
