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Prestare Finance

Prestare Finance

An Under-Collateralized Borrowing Protocol, redefining #Defi with genuine innovation and #Web3 credentials https://prestare.finance
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The Ins and Outs of Soulbound Token

SBT was first proposed by Vitalik in a January article and elaborated on in Decentralized Society: Finding Web3’s Soul.
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Rethinking the CeFi Crypto Lending Model

The recent spate of suspensions on crypto lending platforms triggered panic among crypto market participants and a sharp decline in the crypto market. By combing through the core model of centralized crypto lending platforms and their actual operation, this article explains the inevitability of such platform thunderstorms, how to avoid such funds in the future and the possible direction of DeFi in the future.
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The Pseudo-Innovation of DeFi

Two years ago, on June 15, 2020, Compound launched yield farming, sparking the DeFi Summer and subsequent year-and-a-half bull run in the crypto market. As before, this bull market ended with a sharp decline. By June 15, 2022, the total value of the entire crypto digital asset market had fallen 67.5% from its peak.
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Problems with DeFi 1.0 Lending

Lending platforms — an essential element of decentralized finance (DeFi) — stand at the center of the recent crypto turmoil. Total value locked in DeFi lending protocols peaked at $50 billion in early 2022, up from nearly zero at the end of 2020. Lenders are attracted by high-interest rates that often far exceed those on bank deposits or money market funds (right-hand panel). Borrowers, in turn, use DeFi lending to gain leveraged exposure to crypto-assets or adjust portfolios.
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Introduction to Prestare Finance

We’re excited to introduce Prestare, a protocol that fills in one of DeFi’s biggest missing pieces: under-collateralized crypto lending and borrowing using only on-chain information. We believe this is a critical step towards increasing the efficiency of capital utilization in the crypto world and ultimately opening up crypto credit to the majority of the world. Through a combination of decentralization and on-chain historical interaction information, Prestare will securely allow anyone to become a borrower or lender of credit lending. Sound incredible? Let’s see what Prestare is doing!