Update: Deprecating uneRSDL (Legacy) and Launching the New uneRSDL Contract

Launching the New uneRSDL Contract
  • The first step of the evolution was deprecation of the existing uneRSDL contract. The screenname eRSDL(legacy) refers to the deprecated uneRSDL contract. Per the community’s action, we disabled the ability to supply and borrow eRSDL in the deprecated uneRSDL contract and set the supply APY to 0.00%.
  • Now is Step Two ✌🏽: We are rolling out a new uneRSDL contract — with a lowered collateral factor of 40%, so that holders can borrow against up to 40% of the fair market value of the eRSDL.

--

--

--

‘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

Proof of Stake vs. Proof of Work in Cryptocurrencies

A title image with three different crypto coins on a hand.

Here We Go Again… As Bitcoin Nears $40,000, Tesla CEO Elon Musk Has Sent The Dogecoin Price…

X Swap Protocol

Weekly News 2 / 2018 : CoinMarketCap and Korea Cause Market Turmoil

Q1) First of all, please introduce yourself with us.

Yield — CryptoVerse AMA

12 most popular types of cryptocurrency

All You Need to Know about Decentraland

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

How a Decentralized Yield Aggregator Works?

Conceal Network Monthly Update, January 2022

Aurox March Community Update

How to Buy & Swap AMP Token at Low Fees & Best Rates on RocketX Exchange vs Uniswap