Four Key Characteristics of the Protocol
Mermaid, the protocol for digital currency markets and synthetic stablecoins, a decentralized borderless stablecoin loan platform.
Four Key Characteristics
1. There is no credit check required to borrow cryptocurrencies and stablecoins, which can be initiated directly and quickly on the Binance Smart Chain
2. Cryptocurrencies and stablecoins are provided to earn a variable APY through a protocol that provides liquidity secured by overly collateralized assets
3. Stablecoins are minted through collateral provided by the user, and are available for use at over 60 million locations worldwide through the Ocean platform
4. It is controlled by the Mermaid token, a governance token designed to offer fair issuance to the community
