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What is Atlantis Loans Polygon?

Atlantis Loans Polygon is an autonomous and decentralized money market that enables variable-based rates for supplying digital asset as collaterals to the protocol and from borrowing digital assets from the protocol with over-collateralized assets.

Full description of Atlantis Loans Polygon

Atlantis Loans Polygon is an autonomous and Decentralized (?) money market that enables variable-based rates for supplying digital asset as collaterals to the protocol and from borrowing digital assets from the protocol with over-collateralized assets. The tokenization of digital assets onto the Atlantis Loans Polygon protocol will unlock liquidity from that asset without having to liquidate and/or sell that asset in the market. Money Markets allow users to tap into a peer-to-peer marketplace where all interactions are validated against open-source smart contracts running on the immutable Polygon blockchain. Atlantis Loans Polygon is designed to protect the equilibrium between borrowers and suppliers by allowing liquidators to liquidate underwater accounts and collecting a premium for stabilizing the protocol. Atlantis Loans Polygon users are in control by interacting with the ATLX utility Token (?) to govern and operate the platform with consensus.
  • Exchange symbol (?): ATLX
  • Cryptocurrency type (?): Token (?)

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 Source: NOMICS

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