Dawn of Edge Launch Day
*Updated details, cautions, and the bigger picture*
Edge Protocol’s guarded beta launch is finally here; the Genesis Pool, the first pool on Edge Protocol marketplace, will go online Feb 15, 2022, at 2 PM UTC
— — — — — — -*Genesis Pool is an experimental pool* — — — — — —
Genesis Pool
Objective
- Test the security of smart contracts, price discovery solutions, interest rate model stress test, user interfaces, and experiences.
- Aggregate community feedback and requirements from our community to improve the product.
- Conduct a deeper security review.
- Improve user experience based on community feedback etc.
- Ship UI/UX improvements and features.
- Initiate Edge’s pool use cases and develop Protocol-owned Money Market with our partners.
Assets and Parameters
Users will be able to lend, borrow, and collateralize the following assets.
For more context on the terms mentioned in the above table, please visit our assets & specification at this link.
The borrowing interest rate model for each asset can be found here
Cap details
- The total value supplied (Deposit limits) cap for Genesis Pool is going to be capped at $10M
- aUST and LunaX will have the limited cap in $1M (USD Value) each since we’re still on an experiment enabling yield-bearing/interest-bearing as collateral.
The cap limit is first-come, first-serve. We’re not going to have a user-level cap.
Note: Assets or pool cap limits can be changed at any time; please stay in touch for further updates.
**Cautions**
- Experimental software; please use it at your own risk,
- High risk of loss of funds.
- Zero financial incentives for participation.
- Neither tokens nor liquidity mining is available.
- Any yield strategies are not promising; you can have -PnL from using it.
Back to our first picture.
The vision of Edge Protocol is to provide extreme flexibility for the sake of capital efficiency using a financial tool called “money market.”
Edge Protocol is planning to launch our full product in Mid 2022 fully.
Which we will integrate with partnered protocol to deploy “Protocol-owed money market” on top of Edge Protocol
Extending the ability to operate besides protocol’s operations will generate more compelling use cases for each protocol’s pool and revenues.
Edge Protocol model is a two-sided marketplace. the first side is protocols that are going to open their lending pool, and the second is users who can choose to go into the lending pool at their choice
In summary, we’re lending pools marketplace as a way
We’re not the money market by ourselves, and we’re going to be the place where anyone can create their own money market.
But for the sake of speed, we decided to create one pool to demonstrate what’s Edge pools are capable of; that’s why we are doing what we are doing now, The Dawn of Edge and the Genesis Pool.
Lots More to Come
Not long after the beta launch, we will disclose a sneak peek of our roadmap and expect more context on our “Protocol-owned Money Market,” Stability Reserve, and more :)
Join Edge Protocol Community
Discord: https://discord.gg/edgeprotocol
Telegram Announcement Channel: https://t.me/edgeprotocol
Twitter: https://twitter.com/EdgeProtocol
Medium: https://medium.com/@edgeprotocol
