Proposal: Add $IAG as an available collateral asset to the LENFI Protocol

Who are IAGON?
Iagon is a leading technology company based in Norway that is developing a decentralised storage & compute protocol. Incorporating advanced machine learning algorithms in conjunction with blockchain technology to provide secure, scalable, compliant and cost-effective data storage and processing which can be customised to comply with fast-moving compliance regulations.

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Proposal As a community we would like to propose allowing $IAG as an available collateral asset on LENFI, this will result in an extremely large and positive impact for the LENFI protocol and LENFI users based upon the following reasons:

Increased Protocol Audience Exposure - Iagon has an extremely strong & large international community around them, with over 14.1k followers on Twitter & over 8,500 token holders, $IAG is currently situated in the top 10 projects in Cardano by Market Cap, this community is unique as it consists of a joint audience of both Cardano & Ethereum users, which were recently migrated to Cardano when IAGON decided to utilise Cardano as it’s blockchain of choice.

  • LENFI Protocol will benefit from exposure to this unique extended audience.
  • LENFI Protocol will also benefit from increased volume.
  • LENFI Users will also have increased borrowing & lending opportunities as a result of the above.

Additional Protocol Leverage Opportunities Allowing $IAG as collateral will provide protocol users the ability to leverage $IAG, whilst also providing the protocol the opportunity to have an additional collateral token in preparation for v2 launch.

Collateral Appreciation $IAG is its utility for the Iagon eco-system. With mainnet fast approaching and storage being a fundamental in modern technology, there is significant opportunity for collateral appreciation, as a result this reduces volatility and will increase borrowing & lending opportunities.

  • LENFI Statistics & Marketing will benefit from all of the above.

The addition of $IAG as an asset class will allow for more Cardano community members to enhance a network of storage and in future compute. The ability to borrow $IAG and run nodes while earning rewards which can be of additional benefit to the protocol of both LENFI and IAG sustainability together as one.

Thanks for reading our proposal.
$IAG Community.

Resources:
Iagon Blog - https://blog.iagon.com
Iagon Roadmap - Iagon Roadmap 2023-2025
Iagon European Patent - [EPO - European publication server](https://European Patent)

9 Likes

Solid proposal

I can see a lot of opportunities here.

  1. Borrowers can actually utilise $Iag to run nodes this generates rewards which can then feed directly into lenfi ensuring any interest payments are sustainable for borrowing - helps lenfi TVL increase

  2. Borrowers of $Iag also run nodes hence securing the Iagon platform

  3. $Iag lockup and burn will only make the token more valuable in the long run

This symbiotic relationship is not only sustainable but one which makes both projects grow tremendously

16 Likes