Chee Finance is an advanced cross-chain, non-custodial FT & NFT liquidity, decentralized money market, built on the Celo, Polygon, Meter.io, and BNB Chain networks.

The innovative Chee Finance protocol empowers users to effortlessly lend, borrow, and earn interest with their digital assets. When depositing assets, lenders can choose to ensure liquidity to the protocol while earning passive income. Borrowers can use over-collateralization in the lending process.

Features

With Chee Finance, you can borrow cryptocurrencies and stablecoins with no credit check and fast origination directly on Celo Chain. Additionally, you can supply cryptocurrencies, stablecoins and NFTs and earn a variable APY for providing liquidity to the protocol that is secured by Chee Oracle Guard and managed by Chee bots.

Chee Finance is controlled by the Chee token, a governance token that was specifically designed to reflect a fair launch distribution for the community.

Celo Grant Received

Chee Finance is thrilled to share that the developers at Chee have received a $60,000 grant from Celo.org for creating our comprehensive lending protocol under Web3.

We will present the areas that we are exploring in future posts and invite the community to participate in conversations to shape our product vision.

Read more about our Lending protocol via Github: https://github.com/chee-finance

About Celo

Celo is a complete stack of new blockchain software, core libraries, and end-user applications, including a wallet app that communicates with that logic.

A blockchain or cryptographic network is a broad term used to describe a database maintained by a distributed set of computers that do not share a trust relationship or common ownership. This arrangement is referred to as decentralization. The content of a blockchain's database, or ledger, is authenticated using cryptographic techniques, preventing its contents from being edited, removed, or added to, except according to a protocol operated by the network as a whole.

The code associated with the Celo blockchain has shared ancestry with Ethereum —blockchain software for building general-purpose decentralized applications. However, Celo differs from Ethereum in several important areas as described in the following sections.

Celo is on a mission to make DeFi accessible to the six billion smartphone users across the globe. Celo is also EVM-compatible (i.e., earned value management), with a rapidly increasing TVL (i.e., total value locked).

About Chee

Chee Finance is a universal cross-chain lending hub built on Celo, Polygon, Meter.io, BNB Chain and others. It creates secure and efficient money markets for all altcoin assets through a permissionless, risk-isolating lending protocol. Below, please find a list of the many elements that make Chee Finance a much-needed development in the blockchain space:

FT / NFT Collateral: FT assets like ETH, BNB & BTC, and NFT assets like Uniswap v3 LP can be used as collateral.

Lending Altcoins: Altcoins can be lent and borrowed on our platform; however, they cannot be used as collateral.

UX/UI Optimized: After conducting detailed research on over 20 existing projects, we have determined that we are providing the best user experience for lending. Our product vision is to build value-capturing money markets for the Celo blockchain and beyond. Given the composability of DeFi, exploring value-creation opportunities relies significantly on aligning Chee with the right partners.

Chee Oracle Guard: Chee Oracle Guard will freeze the system when there is an unexpectedly large gap between the oracle and off-chain data feeds. Additionally, the Chee Oracle Guard can prevent intentional price pumps that are conducted with the intention to over-borrow against an inflated token price.

Chee Timelock Admin Address: Our deployer will be managed under timelocks. When the exploit address is the same as the deployer address, this means that it is either an inside job or a mismanagement of admin accounts.