Introduction
0-interest lending & borrowing at your fingertips.
What is Preon?
Preon is a decentralized CDP (or Collateralized Debt Position) protocol that allows you to borrow against your crypto - at 0% interest. Loans are paid out in STAR (our USD-pegged stablecoin) with a minimum maintained collateral ratio of 110%.
Preon accepts multiple token types as collateral, making STAR available to a wide range of users. This makes Preon one of the few CDP protocols that charge no interest for leverage-farming.
STAR can be redeemed for $1 of underlying collateral, minus protocol fees.
For more information - join our Discord!
What makes Preon special?
Preon is built with unique strategies that amplify popular CDP models & mixes it with mechanisms which build liquidity. Some of these mechanisms include:
- OFT integration with LayerZero
- Option calls as reward emissions
- Nebula Vaults
- Incentivized Stability Pool
- Unique collateral types
Each mechanism is supported by an ecosystem of partners who utilize the protocol & an extremely robust code-base allowing for decentralization of the protocol.