Technical Summary

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Technical Summary

AskoLend creates tiered lending pools for money markets with BEP20 and ERC20 assets, and any (ERC20, BEP20) compatible assets.
Each money market has two tiers, each of which has its own settings.
The a1 pool is protected from insolvency by the a2 pool, which covers insolvent loans first.
Users supply assets to their preferred mixture of the a1 and a2 tier pools.
Interest rates are set algorithmically based on utilization, with a greater increase for assets that reach high utilization.
Users who borrow assets must source half of their borrowed tokens from the a1 pool and half from the a2 pool.
AskoLend/rASKO Money Markets will eventually be governed by ASKO DAO, which receives 25% of all fees generated on the Money Markets.

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Introduction to rASKO Money Market

Last modified 9mo ago

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