Ethereum is growing and so does the investors. And they are finding new projects, protocols and the DEX in order to build their own banks and the variety of the fintech solutions. Not that there are not scams, but slowly the genuine are here to stay. And they happen to do that lot better too.
So there are some of the protocols coming up on the borrow and lending of certain tokens on the Ethereum blockchain. And one such is the Twyne protocol. You can check their recent offering here.
Twyne is built on the top of the EULER and the protocol built here is credit delegation based. The way this protocol works is that you would find it making use of the idle deposits for the lenders and also the borrowers would be safe against the liquidation and higher liquidation threshold too.
I am yet to get close to the borrow and lend system of the Ethereum. But I continue to meet some of the good and bad type of the protocol so I am in always search of the new products. In that sense I wish to explore the protocol and take things further with eth based lending platforms. If you do find any good do let me know.
You can check out the Twyne protocol here.