Welnance is a protocol on the Binance Smart Chain that establishes money markets, which are pools of assets with algorithmically derived interest rates, based on the supply and demand for the asset. Suppliers(and borrowers) of an asset interact directly with the protocol, earning (and paying) a floating interest rate, without having to negotiate terms such as maturity, interest rate, or collateral with a peer or counterparty. Each money market is unique to a Welnance asset (such as BNB, a BEP-20 stableCoin such as BUSD, or a BEP-20 utility token such as Augur), and contains a transparent and publicly inspect able ledger, with a record of all transactions and historical interest rates.

Primary Use Cases of Welnance Finance:

• Individuals with long-term investments in Ether and tokens (“HODLers”) can use a Welnance money market as a source of additional returns on their investment. For example, a user that owns Augur can supply their tokens to the Welnance protocol, and earn interest (denominated in Augur) without having to manage their asset, fulfill loan requests, or take speculative risks
• dApps, machines, and exchanges with token balances can use the Welnance protocol as a source of monetization and incremental returns by “sweeping” balances; this has the potential to unlock entirely new business models for the Welnance ecosystem
• Welnance allows users to frictionlessly borrow from the protocol, using welTokens as collateral, for use anywhere in the Welnance ecosystem. Unlike peer-to-peer protocols, borrowing from Welnance simply requires a user to specify the desired asset; there are no terms to negotiate, maturity dates, or funding periods; borrowing is instant and predictable. Similar to supplying an asset, each money market has a floating interest rate, set by market forces, which determines the borrowing cost for each asset.