Xloop Finance is a groundbreaking 0% interest rate borrowing protocol built on top of the GMX protocol. Initially launching on Arbitrum and expanding to networks like BSC, Avalanche, Polygon, and more, the protocol empowers borrowers to leverage five prominent collateral options: ETH, GMX, GLP, wstETH, and ARB.

In the world of DeFi, stablecoins have grown to be a fundamental building block. With its refined approach and polished strategies, Xloop Finance aims to manifest a more sophisticated and meticulous way of designing and managing stablecoins, contributing a fresh perspective in the ever-evolving DeFi landscape.

The use of a unit of debt as a stablecoin has its roots in the earliest forms of banking. In a simplified form, a bank would take deposits and issue paper notes in return, which represented the bank’s obligation to pay the depositor the amount of the deposit upon request. These banknotes, effectively units of debt, were used as a medium of exchange and eventually evolved into modern forms of money.