What is Echelon?

Echelon is a decentralized financial market written in the Move programming language. Its users can borrow and lend assets to each other indirectly via non-custodial pools to earn interest or increase one's buying power with leverage. V1 is a money market enabling permissionless borrowing and lending of assets. The protocol protects lenders from defaults and collateral volatility by requiring borrowers to over-collateralize loans, performing liquidations, and other other risk management parameters.

Supplying Assets Lenders contribute asset tokens to the lending pool and receive a claim to a corresponding portion of the pool's assets. Accounting for a user’s lending and borrowing balances is handled within the smart contract.

At any time, lenders can redeem their claim for the original asset tokens, with the amount determined by the current market rate. The value of a lender's claim increases as interest accumulates in the pool, mirroring the growth in the pool's total assets. This system ensures that lenders see a balance that reflects the accruing interest.

Earn points with Echelon

Lending

2.16% on token $APTOS

Borrow

USDt and APT increase volume day by day !

Pool

Trade

You can refer to the documentation to better understand the points gains with Echelon ! You can use my sponsorship link to earn more points!

You can use my referral link to earn extra points! Echelon is part of the "Movement ecosystem" so a token of the platform will be distributed!