Lenfi needs more borrowable and collateral assets in order to grow TVL, volume, and protocol fees at a faster rate
Proposal Description
Add Dedium as a borrowable and collateral asset to Lenfi.
- Approve
- Disapprove
- Abstain
Short Summary
Adding Dedium as a borrowable and collateral asset on Lenfi will give the Dedium users the option to leverage their tokens for borrowing, lending, and collateral purposes.
Motivation
1. Project and token overview
$DEDI the governance and utility token of the Dedium Network. Dedium is a decentralized GPU-focused computing network
2. Explain the positioning of the token in the Cardano ecosystem. How will it benefit the protocol?
Integrating Dedium as a borrowable and collateral asset on Lenfi offers several benefits:
- Increased Utility: Adding Dedium to Lenfi will expand its use cases, allowing holders to leverage their tokens for borrowing, lending, and collateral purposes.
- Enhanced Liquidity: By enabling DEDIUM as a collateral asset, more liquidity will flow into Lenfi, fostering a more robust lending and borrowing environment.
**Tokenomics
- Total supply 250 million
- Circulating supply 50 million
- Liquidity: Liquidity1.04M â‚ł
- About 50% of all $DEDI allocated for rewards and locked for up to 23 years
- Team allocation unlocks starting after 6 months
3. What’s the asset’s utility?
Dedium is a decentralized GPU Computing Economy on Cardano.
Rent a GPU to Render, create a Cloud Gaming server or even train an AI with our distributed computing network.
Monetize your idle GPU and earn in 2 ways: by participating in the distributed network or earn more by renting out your own Node.
Conclusion
Adding Dedium will expand its use cases, allowing holders to leverage their tokens for borrowing, lending, and collateral purposes. and provide users with new opportunities to engage with the Cardano ecosystem. This integration will enhance Lenfi’s appeal to a broader range of users, showcasing the protocol’s security and efficiency.
References
Discord -Dedium
X: x.com
Telegram: Telegram: Contact @dedium
Website: Dedium - Decentralized Computing on Cardano
Documentation - https://dedium.io/whitepaper.pdf
