Wild Credit has joined as a member of the “First Batch Partner”
Hi, InsureDAO community!
We have welcomed the New First Batch Partner Wild Credit, permissionless lending protocol featuring isolated lending pairs.
Currently, there have been lots of hacking incidents in the DeFi space. The lending function is one of the most popular ways in asset management. Through this partnership, we will be able to build a cooperative system that allows users to deposit and borrow assets with confidence.
Wild Credit & InsureDAO partnership
InsureDAO will create a verified insurance pool of Wild Credit at the initial InsureDAO mainnet launch in February. That means insurance covering the Wild Credit will be available on InsureDAO.
Moreover, you can also be an underwriter of the Wild Credit insurance pool with USDC. As underwriters will get insurance premiums paid by purchasers and our native token rewards, this would be like stable farming.
Wild Credit
Wild Credit is a permissionless lending protocol well known for its isolated lending pairs.
The core feature of Wild Credit is the leading pair. The lending pair maintains two assets that a user can borrow in exchange for providing collateral. Each lending pair is totally isolated from the others, thereby LPs can deposit their funds only to lending pairs that they are comfortable with.
Adding new assets is highly limited in traditional “basket-based” lending protocols like Compound. If a single asset is exploited, the protocol’s entire user base could be jeopardized. As a result, the basket-based protocol concentrates on the most popular and low-risk assets while excluding others.
In addition, Wild Credit is the first and currently the only lending protocol allowing users to use their Uniswap V3 positions as collateral to borrow more funds.
Borrowing is currently incentivized, meaning you can get paid to borrow.
Wild Credit has a native token, WILD. By staking WILD, users can acquire veWILD, which allows them to get voting power and earn protocol fees.
Users can stake a WILD by locking it for a period ranging from 14 days to 4 years. Locking a WILD for a longer period will provide a larger veWILD balance, which will result in more voting power and a larger APR boost.
Links
About the “First Batch Partner”
The First Batch Partners are the whitelisted protocols whose insurance pool will be listed on our front-end.
*Although anyone can make any insurance pool on InsureDAO, InsureDAO doesn’t display all the insurance pools.
Additionally, InsureDAO will distribute INSURE token rewards to their insurance’s underwriters. INSURE token rewards are also limited to the whitelisted pools.
About the First Batch Partner
You can see more details below.
About InsureDAO
InsureDAO is a decentralized insurance protocol, allowing anyone to create an insurance pool easily to “Cover every single risk in DeFi space”. InsureDAO provides an insurance builder kit and insurance market. Additionally, we offer the lending function to INSURE token stakers. We will launch InsureDAO on Mainnet and Arbitrum this February.
If you are interested in learning more, check out our white paper.
Also, you can join us on Twitter, Discord, or Telegram! :)
Twitter: https://twitter.com/insuredao
Discord: discord.gg/8BA5f5rurq
Telegram: https://t.me/InsureDAO
