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News

DeFi Pool Share Launches to Facilitate Lending/Borrowing Of Liquidity Positions

by Binary News NetworkMay 29, 20230242

Tortola, British Virgin Islands, 29th May 2023, ZEX PR WIRE, DeFi Pool Share, a new protocol built on the Ethereum network, has launched to provide liquidity providers with predictable returns and borrowers with access to generated fees on the liquidity pool.

Introducing DeFi Pool Share:

DeFi Pool Share, a platform that allows anyone to lend and borrow Uniswap V3 liquidity position, has launched today. The platform provides a number of benefits to both lenders and borrowers, including predictable and consistent returns, mitigated risks, and instant access to the claim fees function.

For lenders, DeFi Pool Share offers a way to earn a predictable and consistent return on their Uniswap V3 liquidity by lending it to borrowers. By locking their liquidity for a specified period of time, lenders can also mitigate the risk of impermanent loss that comes with providing liquidity to Uniswap V3 pools.

For borrowers, DeFi Pool Share offers a way to gain instant access to the claim fees function on provided liquidity on Uniswap V3 pools by just paying a small fraction (rent) of the entire liquidity provided. They can also potentially borrow at a lower cost as the lending fee is based on the estimated fees that the pool within the loan duration will generate. Furthermore, borrowers will be able to negotiate the terms of their loans, providing them with greater flexibility.

The protocol is already live on Goerli testnet, so you can try and play around already: https://defipoolshare.io/app/pools/

How to Get Started?

Getting started with DeFi Pool Share is simple and straightforward. Here’s how you can begin your journey:

1️. Obtain an LP NFT: First, you need to acquire an LP (Liquidity Provider) NFT from Uniswap V3. This NFT represents your ownership of a liquidity pool on Uniswap.

2️. Connect your Wallet: Connect your crypto wallet to the DeFi Pool Share platform. This ensures a secure and seamless experience throughout the lending and borrowing process.

3️. Start Lending: Once your wallet is connected, you can start lending your LP NFT to interested borrowers. By doing so, you earn predictable returns in the form of fees generated by the specific pool positions.

4️. Access Borrowing Opportunities: As a borrower, you can explore the available liquidity pools and select the ones that align with your strategies or market predictions. By accessing these pools, you can maximize your potential returns.

About DeFi Pool Share

DeFi Pool Share is a lending and borrowing protocol built on the Ethereum network. It allows liquidity providers to lend their Uniswap V3 Position NFTs to borrowers in exchange for a lending fee based on the estimated fees generated by the pool for the loan duration. DeFi Pool Share also provides a number of benefits to both lenders and borrowers, including predictable returns, reduced risk, and greater flexibility.

 Some of the key features of DeFi Pool Share:

  • Predictable returns

Lenders on DeFi Pool Share can earn predictable returns on their positions by lending their Uniswap V3 Pool Position NFTs to borrowers. The lending fee is based on the estimated fees generated by the pool for the loan duration, so lenders know exactly how much they will earn before they lend their positions.

  • Reduced risk

By locking their LP NFTs for a specified period of time, lenders on DeFi Pool Share can reduce the risk of impermanent loss. Impermanent loss is a risk that comes with providing liquidity to Uniswap V3 pools, and it can occur when the prices of the tokens in the pool move against each other. By locking their LP NFTs, lenders can reduce the risk of impermanent loss by preventing the prices of the tokens in the pool from moving too much.

  • Greater flexibility

Borrowers on DeFi Pool Share have greater flexibility than borrowers on other lending platforms. Borrowers on DeFi Pool Share can negotiate the terms of their loans, including the lending fee and the duration of the loan. This gives borrowers more control over their finances and allows them to get the best possible deal on their loans.

DeFi Pool Share is a new and innovative protocol that has the potential to transform the way liquidity is provided and borrowed in DeFi. By providing a safe and efficient way for lenders to earn predictable returns and borrowers to access fees, DeFi Pool Share is helping to make DeFi more accessible and inclusive for everyone.

Stay updated on socials

Twitter: https://twitter.com/DefiPoolShare

Discord: discord.gg/7BWedF7Msx

Tg: https://t.me/defipoolshare 

For additional information and business inquiries, please contact: https://defipoolshare.io/

The Post DeFi Pool Share Launches to Facilitate Lending/Borrowing Of Liquidity Positions first appeared on ZEX PR Wire



Information contained on this page is provided by an independent third-party content provider. Binary News Network and this Site make no warranties or representations in connection therewith. If you are affiliated with this page and would like it removed please contact [email protected]

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