Proposal: Add FLDT as collateral and borrowable asset to Lenfi

Graveyard
1

Proposal: Add FLDT as collateral and borrowable asset to Lenfi

Proposal Description

I would like to add FLDT to Lenfi as a collateral and borrowable asset.

Short Summary

As of 05.02.2024, FLDT is one of the tokens with the deepest liquidity on Minswap. The utility token will enable Lenfi users to take advantage of the numerous benefits of using FluidTokens.

  • Approve
  • Disapprove
0 voters

Motivation

  1. Who is posting the proposal?

A community member.

  1. Project and token overview

FluidTokens is one of the pioneers of Cardano DeFi with a long-term vision of making the project cross-chain. The released features include p2p lending, pooled lending, renting, Boosted Stake, Buy Now Pay Later and others. Their long-awaited token release will serve as the central tool for interacting with the FluidTokens ecosystem.

  1. Explain the positioning of the token in the Cardano ecosystem. How will it benefit the protocol?

  • Users will be able to supply and borrow FLDT on Lenfi V2
  • The FluidTokens DAO will be able to open their own pools and provide liquidity
  • Suppliers will be able to earn interest on their FLDT without selling their tokens
  • Borrowers will be able to take advantage of different strategies involving FluidTokens

  1. What’s the asset’s utility?

  • Reduced dApp fees - Tiered fees
  • FLDT Oracles - liquidity providers can earn FLDT
  • Feeless transactions - Aquarium will allow users to pay for all transactions using FLDT instead of ADA
  • Governance
  • Staking

  1. Token data

This paragraph may include metrics regarding the underlying token, such as:

  • Tokenomics

  • Emission schedule

  • Current circulating supply - 22.43M (22.4%)
  • Exchanges - Minswap, VyFinance, Sundaeswap
  • Market cap - 16,000,000 ADA
  • Holders - 2,089
  • 24h Volume - 767,838 ADA

Conclusion

Adding FLDT to Lenfi will be a cool thing to do because I think Raulito is an awesome guy.

References

20 Likes
2

How do you raise your trust level? Can’t vote right now due to this message.

8 Likes
3

You need to be online for 5 min and read a couple of posts.

8 Likes
4

FLDT is a great token and should definitely be added to Lenfi.

5 Likes
5

Understood. Reading through it all

3 Likes
6

I support adding FLDT

7