Patronus
Updated 451 days ago
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Updated 451 days ago
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Become the liquidity protocol of next generation to lead the DeFi Future.
Description
What is Patronus?
Patronus is a composable DeFi Liquidity Protocol which aims to provide a set of products and services to meet the increasing capital flow needs safely and efficiently.
At present, Beta Version of Patronus Lending has been deployed on Aptos Testnet.
Patronus Lending Highlights
- Real continuous compound interest
Patronus converts deposit APY and borrowing APY into interest rate per second, and adopts continuous compound interest calculation to ensure the perfect match between actual interest and borrowing period.
- Position-isolated management
Patronus provides a convenient tool to manage borrowing position risk - sub accounts.
Holding one single address, users are able to manage multiple risk-isolated positions via Patronus.
- Optimized liquidation mechanism
Most lending protocols do not usually set a liquidation ratio when dealing with the positions under insufficient collateralized status. The corresponding collateral will be sold at a discount to pay off all debt, and it seems slightly simple and rough.
Patronus will calculate a dynamic and reasonable liquidation ratio for each account, so that the high-quality collateral will not suffer from unnecessary discount treatment.
Links
Website: https://patronus.fi
Twitter: https://twitter.com/Patronus_Fi
Discord: https://discord.gg/sUNjUEYX8a
Medium: https://medium.com/@Patronus_Fi
Team Information
The Patronus team has rich industry experience, especially in DeFi sector. The partners entered the Blockchain industry around 2017, and the core engineers have matured capabilities on infrastructure and coding.
Jimmy Xu, CEO
Jimmy focuses on hardware wallet and DeFi sector, and has abundant experience in DAO governance architecture.
Seamon Liu, CTO
Seamon had served as CTO for many well-known centralized exchanges, holds many blockchain technology architecture patents, and has technical experience in social platform with tens of millions of users, as well as financial platform of billion level.
Tanya Dong, CPO
Tanya had served as the product director of the platform under China Internet Finance Association, with AUM exceeds 5 billion RMB and customer base exceeds 5 million, and successively served as the consultant of several DeFi/GameFi/SocialFi projects.
Patronus
@Patronus
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