Adding $C4 as a borrowable and collateral asset on Lenfi will give the $C4 users the option to leverage their tokens for borrowing, lending, and collateral purposes.
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Motivation
1. Project and token overview
$C4 is the token of the CryptoCrocsClub, a well respected GameFI NFT project that is around since October 2021.
2. Explain the positioning of the token in the Cardano ecosystem. How will it benefit the protocol?
Integrating $C4 as a borrowable and collateral asset on Lenfi offers several benefits:
Increased Utility: Adding $C4 to Lenfi will expand its use cases, allowing holders to leverage their tokens for borrowing, lending, and collateral purposes.
Enhanced Liquidity: By enabling $C4 as a collateral asset, more liquidity will flow into Lenfi, fostering a more robust lending and borrowing environment. → On Levvy the $C4 token is for months in a row (and by far) the token with the most volume in lending/borrowing.
**Tokenomics
Total supply 1.67 billion
Circulating supply 1.67 billion
Conclusion
Integrating $C4 as a borrowable and collateral asset on Lenfi will significantly enhance both the token’s utility and the platform’s appeal. This addition will not only provide $C4 holders with new financial opportunities within the Cardano ecosystem but also attract increased liquidity to Lenfi, strengthening its lending and borrowing markets. The success of $C4 on other platforms like Levvy, where it consistently shows high lending and borrowing volume, indicates strong demand and activity that Lenfi can capitalize on. This integration is poised to benefit both $C4 users and the Lenfi protocol, reinforcing Lenfi’s position as a versatile and robust platform in the Cardano DeFi space.
Great initiative by Crypto Crocs Club. With a token in high circulation on the blockchain, leading the way on Cardano, I think this would be a brilliant collaboration.
An excellent option for investments and leading the way in gamefi! Nearly 3 years old and going strong this projects risk is lower than most out there!
Crocs is one of the best cnft projects built on cardano and with $c4 having many use cases this is a fantastic idea to add this valuable token to lenfi!
I don’t borrow/lend much myself on any token, but imo, more tokens = more funds for the protocol. Glad to see platforms like LenFi exist, to enable these types of interactions!
Crypto Crocs Club (CCC) has been here for a long time and is one of the best cnft projects built on cardano with $C4 having many many use’s and with this fantastic idea to add value to the token with a collaboration with lenfi…
C4 is making waves and has grown tremendously since it was born. Now it’s growing into a powerhouse utility token and its still in it’s infancy. Will be one of the greatest assets in cardano and using it as collateral and borrowable asset will be beneficial for both Lenfi and C4 ecosystem!.
