Echelon
Updated 59 days ago
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Updated 59 days ago
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High-Efficiency Money Market Connecting Move Liquidity
Description
Echelon is a high efficiency borrow/lend market designed to scale Move DeFi & Liquidity
Drawing inspiration from AAVE's E-Mode, Echelon offers unmatched capital efficiency to borrowers with high LTV loans on select asset pairs, such as stables or LST + native assets pais like sthAPT/APT
- v1 is audited, live on testnet, launching on Aptos mainnet in early March, & expanding to other Move VMs such as Movement's M2 and Initia in 2024
- v1.1 will support RWA collateral (ie Ondo's USDY) & flash loans
- v2 plans includes cross-VM lending with an omnichain hub & spoke architecture
Team Information
Note: the project repo remains closed source as we gear up for mainnet launch
Glen Rose - Founder
Previously Investment analyst at 30mm crypto fund, Cofounded VR design and rendering startup with over 250k+ in revenue, worked on multi million dollar hospitality rollup PE deals. Won DoraHacks Penn Blockchain '23 Hackathon with options orderbook exchange. BComm (Finance) from UBC
0xbe1 - Smart Contract Developer
Core architect of top 5 Move DeFi protocol with over 150mm in TVL as of writing. Previously Software Engineer at Twitter, Software Engineer at Tubi, ML Engineer at Series D Startup, Subgraphs and Data Engineering at Messari Crypto. Masters in CS from CMU
Samuel - Full Stack Developer
Previously at Thala Labs core frontend developer, 8VC Software Engineer Martian Wallet frontend Engineer. Bachelors in CS from UC Berkeley
glenr6
@U_1dfd7641c15edc
Owner
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