EDinar Token( EDR) Will be Available on TarmEX on March 12, 2021, at 08:00 UTC
EDinar Token ( EDR ) Will be Available on TarmEX on March 12, 2021, at 08:00 UTC
Fellow TarmEx Users,
We are excited to announce that TarmEx will open trading for EDR/USDT trading pair at 2021–03–10 08:00 A.M UTC
EDinarToken (“EDRDeFi”) is an algorithmic-based money market system designed to bring a complete decentralized finance-based lending and credit system into Multi Chain System. EDRDeFi enables users to utilize their tokens by supplying collateral to the network that may be borrowed by pledging over-collateralized cryptocurrencies. This creates a secure lending environment where the lender receives a high yield interest rate annually (APY) paid per block, while the borrower pays interest on the cryptocurrency borrowed. These interest rates are set by the protocol in a curve yield, where the rates are automated based on the demand of the specific market, such as Bitcoin.
The difference of EDRDeFi from other money market protocols is the ability to use the collateral supplied to the market not only to borrow other assets but also to mint synthetic stable Tokens with over-collateralized positions that protect the protocol. These synthetic stable Tokens are not backed by a basket of fiat currencies but by a basket of cryptocurrencies. EDRDeFi utilizes the Multichain blockchain for fast, low-cost transactions while accessing a deep network of wrapped tokens and liquidity.
Risk warning: Crypto-currency investment is subject to high market risk. Please make your investments cautiously. TarmEX will make the best efforts to choose high-quality coins, but will not be responsible for your investment losses.