September’s over! Last month saw an increase in the CeFi Loans’ Borrow Amount, the creation of a new USDC/RCN Liquidity Pool on Uniswap and the release of the RCN Credit Marketplace v0.2.4. Here are the latest news!
CeFi Loans’ Borrow Amount Update
During September Ripio increased the requested amount of its CeFi Loans by more than a tenfold, going from 8,000 ARS to more than 100,000 ARS on average. In a context of high Gas prices caused by increased demand for transactions on the Ethereum network, this change allowed both Ripio and its creditors to reduce the weight of transaction costs in the borrowing and lending operations, increasing efficiency and profitability.
Here are the new loan terms:
- Requested Amount: + 100,000 ARS.
- APR (in ARS): 70%.
- Duration: 30 Days.
You can find new CeFi Loans to fund here!
New USDC/RCN Liquidity Pool on Uniswap
Last month a new Liquidity Pool was created on Uniswap for the USDC/RCN pair. Together with the existing ETH/RCN Liquidity Pool, they will enable RCN exchanges with other tokens with reduced slipages for both the RCN Credit Marketplace and Uniswap’s users, with the second pair being especially useful for making exchanges between USDC and RCN without intermediary coins.
You can check the new Uniswap USDC/RCN Liquidity Pool on real-time here!
In addition, the USDC/RCN Liquidity Pool will be fundamental in the implementation of the new USDC Engine and Burning Mechanism for the RCN protocol, which will be implemented during Q4.
RCN Credit Marketplace v0.2.4
September also saw the release of the Credit Marketplace v0.2.4, which introduced new tools and components, more refined user dialogs and several fixes with the aim of improving the platform’s user experience.
The additional tools include a logout button that enables users to disconnect their wallets from the platform, and a new set of “filter” and “sort” controls for the Lend, Activity and My Loans sections, which allow users to organize the available loans to find the one they are looking for faster. User dialogs’ improvements comprise aesthetic and functional changes, including a “More Details” section that offers information about estimated transaction costs, exchange rates between relevant currencies and more.
Finally, the RCN protocol’s former version — a.k.a. “Basalt” — was partially deprecated to optimize the amount of requests made to the RCN API and the Credit Marketplace’s loading times.
Never miss one of RCN’s updates!
- Visit its Official Website & check the Credit Marketplace.
- Follow it on Twitter, Facebook & LinkedIn.
- Join its community on Telegram.
- Check its code on Github.
- Reach it at contact@rcn.finance & helpdesk@rcn.finance.
