CORE

Core DAO Extends Support to Aquarius Loan, Enhancing the Decentralized Lending Ecosystem

by BSC News

July 28, 2023

Core DAO bolsters decentralized lending by granting Aquarius Loan resources to develop a novel money market on the Core Blockchain, enhancing user asset control and the overall DeFi ecosystem.

Core DAO Offers Grant to Aquarius Loan

Core DAO has taken a significant step to bolster the emerging decentralized lending sector by issuing a grant to Aquarius Loan. The announcement, made on July 28 via Twitter, signals Core DAO's commitment to developing robust Decentralized Finance (DeFi) systems.

The grant awarded to Aquarius Loan provides the necessary resources for the startup to develop its decentralized money markets on the Core blockchain. This collaboration paves the way for a groundbreaking service in the lending and borrowing sector of DeFi.

Users will be able to tokenize their assets using the Core Blockchain, in return receiving portable ATokens. These tokens can be moved to cold storage, transferred to other users, or utilized in various ways, significantly enhancing the liquidity and flexibility of user assets.

Moreover, ATokens will enable users to borrow from the protocol directly and instantly on-chain, eliminating hindrances such as trading fees and slippage.

Core DAO's strategic partnership with Aquarius Loan marks a significant milestone in the industry. The grant will facilitate the development of a more flexible and efficient decentralized money market. As a result, users will have more control over their assets, increasing the overall liquidity and accessibility of the decentralized lending ecosystem. This move demonstrates the innovative potential of DeFi to redefine traditional financial structures, making finance more open, transparent, and accessible to all.

What is Core DAO:

Core DAO is the official decentralized organization developing the Satoshi Plus ecosystem. It represents an opportunity for miners to access new revenue streams by contributing hash power to the chain. Inspired by the principles of both blockchains, Core displays a deep appreciation for the crypto ecosystem's history and an even greater excitement for Core’s role in its future.