DeFi Adoption Movement by TDeFi
Constituting All of DeFi features into a single dapp
TDeFi is a start-up acceleration program specifically designed for DeFi start-ups. We don’t just help in building the product, but we also help in the adoption of the project. TDeFi is starting the DeFi Adoption Movement, and to begin with, we have selected a project from our second cohort called DeFiPIE.
DeFiPIE is an all-in-one dApp which allows users to lend, borrow, stake and provide liquidity under a single platform. The protocol combines some of the best features of money market protocols while offering its own unique features, enabling users to enjoy the promises of Decentralized Finance. DeFiPIE allows its users to take control of their loans by allowing fully automated, semi-automated and manual (all parameters set by user) lending services. DeFiPIE employs Liquidity as a Service in which it provides the highest APY for liquidity providers on its platform.
Steps to use the platform for Lending and Borrowing:-
HOW TO BORROW:-
- Providing a Collateral
To borrow tokens from the existing pools on DeFiPIE, it is necessary first to provide other assets as collateral. But not all tokens are suitable, based on the security policy. To see if an asset can become collateral or not, you have to go to the pool page and check the “Collateral Factor” parameter.
The Collateralization Factor is set as 50% for every borrowing asset. After you deposit collateral, confirm the transaction.
After the transaction is confirmed, the next step is to select the required pool and click the “Borrow” button.
HOW TO LEND:-
- Buy PIE tokens from any Centralized or Decentralized Exchange.
- Go to app.defipie.com.
- Select a lending pool or you can create your own pool by clicking on “CREATE POOL” option.
- After depositing your tokens into the lending pool, Confirm the transaction.
- Once the transaction is confirmed, the lender will start earning APY from it.