Relite.finance RELIPrice $ 0.000238

Relite Protocol

A New Generation Cross-Chain Protocol

• Relite is a money market protocol enabling users to lend, borrow, and stake all crypto assets in one interface.
• With interoperability at its core, Relite Protocol enables the utilisation of ERC-20 tokens alongside other popular chains (Bitcoin, Polkadot), creating a mixed asset basket Through this we will offer lower collateralization requirements, manageable fees, and unprecedented levels of usability.
• Users are empowered to utilise any native crypto asset, further driving adoption to the masses

Use Cases 

• Liquidity providers and lenders put their crypto assets to work
• By collateralizing volatile assets users can acquire stable value coins without losing the future upside of the deposited crypto
• The so-called “unbanked” have access to a wide range of financial products and services etc while offering users fair rates

Relite Primary Features

Interoperability

• Use/Deposit Native BTC, ETH, DOT, and many more… 

Sustainability

• Get fair fees/interest rates (Borrowers) and good ROI (Lenders)

Simplicity

• Easy to use interface for newcomers

MVP: Core Features

• Lending DAI
• Staking 

MVP Functionalities with dual deployment on Ethereum and Polkadot

1. Able to Supply DAI
2. Earn interest and additional RELI
3. Collateralize ETH position and get rDAI + RELI
4. Stake RELI and earn more rewards

Relite Token

The Relite ecosystem is vastly concentrated around RELI token usage.

The primary utility of Rellite Tokens (RELI) tackles the following:

1. Governance
2. Rewards/Liquidity Mining
3. Staking - Enabling lower collateral and stability