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Neptune Protocol

Neptune Protocol NPT 

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DeFi

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General Info

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Description

Neptune Protocol is a decentralized finance platform set to launch on the Eclipse ecosystem.

What is Neptune Protocol?

Neptune Protocol is a decentralized finance (DeFi) platform on the Eclipse ecosystem. It aims to provide a robust solution for stablecoin lending, specifically through its native stablecoin, USDN, pegged to the US dollar.

Key Features:

  • Overcollateralized Lending: Users can take out loans at 0% interest by depositing various types of collateral, such as TIA, stTIA, wETH, stETH, SOL, and others. A one-time fee is charged at the initiation of the loan

  • Maximum Loan-to-Value (LTV): The protocol offers a maximum LTV of up to 90.9%, allowing users to leverage their assets effectively

  • Decentralized Stablecoin: USDN serves as the primary medium of exchange within the Eclipse ecosystem and can be utilized across various DeFi applications

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