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Ethereum Lending

What is the NEXO token used for in Nexo Financial?

NEXO token is

The utility and governance token of the Nexo Financial platform. 

NEXO token is used for

  • Stake and earn interest
  • Stake and earn rewards
  • Added incentive
  • Governance

How could value accrue to the token?

Potential

  • Governance could add revenue share for token holders.

Locking

  • Staking for different perks

What is Nexo Financial?

The platform is a CeDeFi regulated and licensed money market where users can earn interest on their money (USD, EUR) and crypto assets. The platform gives opportunities to earn on stablecoins with extra rewards when paid in native tokens.

They offer institutional services with custody by BitGo and Fireblocks.

Staking (future utility)

  • Affiliates can stake their tokens to earn a higher commission on referrals.
  • Physical card and perks

Features

  • Up to 12% interest
  • Daily payouts.

Governance

  • 1 token equals 1 vote. Users can vote on upgrades and decide direction of the platform.

Docs

Tokenomics

Total supply: 1 000 000 000

Presale: $0.1 (ICO 2018)

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Token price

Categories
Ethereum Lending

What is the TRU token used for?

TRU token is


TRU is the governance and utility token of TrueFi.

TRU token is used for


  • Staking
  • Rewards
  • Fees

How could value accrue to the token?


Locking

  • Staking for rewards and voting.

Fees

  • Fees from the protocol to stakers.

What is TrueFi?


TrueFi is a lending protocol for uncollateralized loans.

How TrueFi works


Borrow

  • Borrowers are vetted and complete a KYC/AML process
  • Enter a loan contract with TrueTrading, TrustToken, Inc.
  • The loan is enforceable in court.
  • The proposal is submitted to TRU stakers who vote YES/NO.

Voting

  • Stakers vote on Loan applications

Staking

  • Stakers of TRU earn stkTRU.
  • These are used as a backstop for the protocol in the event of default. The risk for stakers is the Max Liquididation Rate.

Rewards for staking

  • Stakers earn loan origination fees and fees from the protocol.
  • Stakers also receive TRU as incentive.

Distributed per day = (totalAmount/10^8) / (duration/(24*3600))

Read more here.

Token Isssuance


Total supply: 1,441,129,426

Initital Allocation

  • 39% – Incentives 
  • 26.75% – Pre-Sale 
  • 18.5% – Team 
  • 11.25% – Company/Foundation
  • 4.5% – Future Team 

Docs


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TRU token price


Categories
Crosschain Lending

What is the ANC token used for?

ANC token is


ANC is the governance and utility token of Anchor protocol.

ANC token is used for


  • Governance
  • Bootstrap liquidity
  • Revenue share

How could value accrue to the token?


Locking

  • Fees (10% fees from the protocol to stakers)

What is Anchor Protocol?


Anchor aims to be the gold standard of passive income in crypto. Distributing block rewards from POS blockchain staking rewards.

How Anchor Protocol works


  • Lenders deposit Terra stablecoins to earn yield. Borrowers supply bASSETS (bonded assets) to borrow stablecoins.
  • bASSETS are native proof of stake tokens.
  • The yield distributed to the lenders is the median of the block rewards of all the tokens.

Normal money markets interest rates fluctuate from supply & demand. Whereas POS block rewards are much less volatile over their emission period.

Currently the only collateral asset is LUNA.

Emissions

  • Staking ANC earns protocol fees.
  • Supply ANC/UST LP to Terraswap earns ANC.
  • Using protocol as lender or borrower earns tokens.

Token Isssuance


Total supply: 1 000 000 000

Initital Allocation

  • 20% – Investors
  • 10% – Team
  • 5% – LUNA staking airdrop:
  • 10% – LUNA staking rewards:
  • 40% – Borrower incentives
  • 5% – ANC LP staking rewards
  • 10% – Community fund

Docs


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ANC token price


Categories
Derivatives Ethereum Lending

What is the ALCX token used for?

ALCX token is


ALCX is the governance token of Alchemix.

ALCX token is used for


  • Governance (off-chain currently)
  • Yield Farming

How could value accrue to the token?


Fees

  • 10% of yield profit is sent to the DAO

What is Alchemix?


Alchemix is a DeFi platform for self-repaying loans on future yield.

How Alchemix works


Alchemix allows a user to deposit DAI to a smart contract and borrow up to 50% in alUSD.
The debt is paid down with the yield that the locked DAI generates (using the yearn DAI vault).

Transmuter

A user can convert alUSD to DAI via the transmuter. Depending on how much free float yield DAI is in the system. The process is subject to a queue and determined through governance.

Governance

Governance is currently a developer multisig and snapshot signalling. On-chain governance will be rolled out over time.

Read more here.

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Token Isssuance


Total supply: 2,393,060 Tokens

Token issuance

  • 15% – DAO
  • 5% – DAO
  • 16% Team pool emissions
  • 64% LP emissions

Docs


ALCX token price


Categories
Ethereum Lending

What is the SPELL token used for?

SPELL token is


SPELL is the governance and utility token of Abracadabra Money.

SPELL token is used for


  • Governance (staking)
  • Revenue share (staking)
  • Yield farming

How could value accrue to the token?


Locking tokens

  • Token holders can stake to receive sSPELL.

Fees

  • Fees (75% of interest goes to buy tokens and distribute to stakers)

What is Abracadabra Money?


Abracadabra money is a protocol to borrow a stablecoin called MIM with interest bearing assets (like yvYFI and xSUSHI).

How Abracadabra Money works


Users deposit their interest bearing tokens to mint MIM stablecoin.

  • 50 – 75% LTV.

Interest

  • 75% Stakers
  • 25% Liquidity pools incentives
  • 5% Safety module treasury

Read more here.

Token Isssuance


Total supply: 420 000 000 000

Token issuance

  • 66.5% – Yield farming
  • 3.5% – IDO
  • 30% – Team

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SPELL token price


Categories
Ethereum Lending

What is the LQTY token used for?

What is LQTY


LQTY the staking token of Liquity. It is not a governance token.

LQTY token is used for


  • Earn fees from issuance and redemptions of loans.

How could value accrue to LQTY token


Potential

Liquity incentivizes 3rd parties to run frontends. Potentially an interesting bootstrap for marketing/community.

Locking tokens

  • Staking.

Fees

  • Revenue to token holders when staking LQTY.

What is Liquity


Liquity is a lending protocol with a stablecoin called LUSD.

How it works


Deposit ETH (only asset right now) and borrow LUSD with 110% collateral ratio.

Users can deposit LUSD in the stability pool to earn collateral from liquidations. The liquidity pool is the backstop for the system.

  • When a position drops below 110% collateral the protocol will instantly liquidate it using the stability pool if needed.
  • In return the stability pool providers will receive the liquidated collateral which should equal more than the LUSD lost.

Governance

  • Liquity has no governance.

Rewards

Users earn from liquidations and LQTY rewards when providing LUSD to stability pool.

Frontends

  • Frontends are run by 3rd party operators. The operator sets a kickback rate on the liquidations and fees to the user.

Oracle

Liquity uses Chainlinks ETH/USD price and Tellor as a backup oracle.

A thorugh breakdown is found in the developer github.

Token issuance


Total Supply: 100,000,000

  • 32% – Rewards
  • 1.33% -LP Rewards
  • 2% – Community reserve
  • 23.7% Team and advisors
  • 33.9% Investors
  • 6.1% Liquity AG endowment
  • 1% Service providers


All team and investors tokens are locked for 1 year. See breakdown of issuance.

Docs


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Token price


Categories
Aggregator Ethereum Lending

What is the ALPHA token used for?

ALPHA token


The ALPHA token is the governance token of Alpha Finance ecosystem.

ALPHA is used for


  • Governance (currently on snapshot on BSC or ETH).
  • Yield farm

Possible future use-cases

  • Staking for product fees
  • Tokenholders get more functionalities in Alpha products
  • Stake for interoperability features among Alpha products

How could value accrue to ALPHA?


Governance tokens usually offer potential cash flows. Alpha could implement fees and current and future products.

What is Alpha Homora?


It’s a multichain DeFi platform for lending and leveraged yield farming. Partnered with the larger yearn.finance ecosystem.

How Alpha Homora works


Alpha Homora consists of lenders, yield farmers, liquidators and bounty hunters:

  • Lenders receive interest-bearing, tradable ibETH in exchange for ETH.
  • Yield farmers borrow from the Alpha Homora Bank to farm UniSwap liquidity pools at a leveraged position of up to 2.5x.
  • Liquidators liquidate the positions of yield farmers if they fall below 80% solvency on Uniswap or 60% on IndexCoop. For this, they earn 5% of the final value.
  • Bounty hunters can sell all farmed tokens in their Alpha Homora portfolio for ETH, then reinvest into the farming pool for a bonus equal to 3% of the total reward.

More here.

Token issuance


  • Team and advisors: 15%
  • Liquidity mining: 20%
  • Private sale: 13%
  • Launchpad: 10%
  • Lauchpool: 5%
  • Ecosystem: 36.67%

Private Sale price: 0.0125
Private sale raised: 1.67MM USD 
Binance Launchpad Sale Price: 0.02 USD
Binance Launchpad amount: 2.00MM USD

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Token price