ReserveLending Update

ReserveLending is a leading protocol for lending and borrowing in the DeFi space, allowing consumer (retail) lenders to supply their tokens and earn interest on it with non-lock clauses, whilst being able to collateralize its placement and borrow other crypto tokens against it. The platform is a fork of the Compound® protocol and is operated by unFederalReserve.

Beginning immediately, ReserveLending will begin paying unFederalReserve a licensing fee from the reserve fund described here: https://unfederalreserve.medium.com/unfederalreserve-announces-a-new-reserve-fund-4cc9f8b9e9ec. The source for the payment and its usage in this manner is consistent with the vision from the outset of the product’s launch. The execution of these open market purchases of $eRSDL for the purposes of tracking and managing ReserveLending’s license is core to the business model. ReserveFunding and the funds that leverage that platform, as well as any other product which comes from the unFederalReserve lab, will equivalently be responsible for making similar license payments.

No action is necessary on the part of the user base, and we will publish a tally of the eRSDL purchased in the open market as soon as it can get scheduled in a future development release. We are excited to implement the open market purchase program and ideate more on the features of our unique Licensing-As-A-Service model.

--

--

--

‘Credit vs Cash’ spot market fintech using blockchain protocols. Great liquidity access. Instantaneous settlement. $ersdl #DeFI #middlemarketdefi #uniswap

Love podcasts or audiobooks? Learn on the go with our new app.

Recommended from Medium

Purchase ETH and DeFi tokens with Apple Pay, Google Pay or bank wire.

Crypto Market Analysis 7th July — How To Trade Bitcoin and Ethereum

Best cryptocurrency for investment in 2021

Guide to building a strong Cryptos portfolio

ADAX is an automated liquidity protocol that facilitates trades within the Cardano ecosystem in a…

Like It or Not, Bitcoin Is Our Best Hope for a Better World in the Future

Not an expert trader? Use ICONOMI’s DAAs to outperform the crypto market

Monday Crypto Market Rundown 090919

Get the Medium app

A button that says 'Download on the App Store', and if clicked it will lead you to the iOS App store
A button that says 'Get it on, Google Play', and if clicked it will lead you to the Google Play store
unFederalReserve

unFederalReserve

‘Credit vs Cash’ spot market fintech using blockchain protocols. Great liquidity access. Instantaneous settlement. $ersdl #DeFI #middlemarketdefi #uniswap

More from Medium

Kandyland DAO’s Sugar Sweet Liquidity Bootstrapping Event is Gearing Up

How Deviant changes the rules of an OHM Fork

ADD.XYZ’s Weekly Update 36

Landshare x OpenDAO x OCP: Real World Assets + Auto-Compounding + Stablecoins