Introducing Aries: An Advanced Lending Protocol
Aries is a decentralized lending protocol designed to maximize yield for liquidity providers on Aurora and to benefit the greater NEAR ecosystem.
What Is Aries?
To facilitate the rapid growth of the Aurora ecosystem, it is essential to create incentives for liquidity providers and to help them realize maximal capital efficiency.
Aries is an advanced decentralized lending protocol, designed to maximize the potential of yield farming within the Aurora ecosystem. Liquidity providers can borrow using their Automated Market Maker (AMM) Liquidity Provider (LP) tokens as collateral. Lenders can deposit their individual tokens into the Aries lending pools to supply loans.
This unlocks several advanced use-cases:
- Borrowing tokens for leveraged yield farming, where the loan is added to a liquidity pool for additional LP tokens.
- Using borrowed tokens to implement an impermanent loss hedging strategy.
- Lending individual tokens to earn yield, while indirectly providing liquidity to AMMs without risk of impermanent loss.
- Achieve the same leverage as alternative DeFi lending protocols with less risk exposure.
The $ARIES Token
$ARIES is an ERC-20 governance token that powers the Aries Protocol. Advanced mechanisms inspired by ve(3,3) will be implemented into the tokenomics.
Protocol Governance
Aries will eventually mature into a Decentralized Autonomous Organization (DAO) where holders of $ARIES can stake their tokens to participate in governance and shape the future of the Aries Protocol.
Coming Soon
Join us as we embark on a journey to build the best lending experience within the Aurora and greater NEAR ecosystem:
- Website: https://aries.so
- Discord: https://aries.so/discord
- Twitter: https://twitter.com/ariesprotocol
