It is perhaps the fastest and most efficient wallet capable of executing atomic transactions. This brings the prospect of ultra-fast liquidity for APY pairs with higher yield prospects. To this end, the protocol can introduce time and cost efficiency for their users. They are simply unable to objectively assess different yield opportunities to formulate an effective yield optimization strategy. These are precisely the pain points that ETHA Lend aims to resolve. For example, the smart contract can lend to a borrower seeking funds in crypto at a mutually agreed-upon interest rate.
It’s an ambitious project that aims to remove all roadblocks limiting DeFi’s accessibility and appeal to the broader crypto community. As of Nov 09, The market capitalization of ETHA Lend is $161.3 Thousand, it’s ranked as #1886 this is when calculating mcap with circulating supply if with total supply market cap will be $ 612 Thousand. Gelato Network is web3’s automation network, enabling developers to automate & relay arbitrary smart contract executions on and across all EVM-based compatible blockchains such as Ethereum. The team behind the protocol has launched a hybrid lending market that reduces the effect of short-term volatility on their discovery algorithm output. This gives lenders a much more stable and predictable lending mechanics. The ETHA Smart Wallet sports other interesting features, such as wallet delegation to others.
The initial two eVaults will employ the Curve and QuickSwap pools, both of which are infamous for their strong, impermanent loss features. What is ETHA Lend’s wallet is another exciting functionality that will be released on July 15 with the mainnet. By eliminating transaction routing, the Etha wallet can further lower gas costs. In addition, users who employ their wallets won’t be paying approval fees when interacting with protocols or decentralized applications they haven’t visited before. Simply put, there are many benefits to this protocol in lowering the gas cost for its users to the maximum. It has a circulating supply of 7.9 Million ETHA coins and a total supply of 30 Million.
Historical Data for Etha Lend
If you are looking to buy or sell ETHA Lend, Quickswap is currently the most active exchange. Basically, yield farming is a process that lets you earn profits from your cryptocurrency stash which would be otherwise sitting idly in an exchange or a wallet. With yield farming, you, the liquidity provider, deposit a part of your crypto holding into a liquidity pool. Ever since Gelato released its smart contract Poker to automate arbitrary smart contract functions, developers across chains have been able to utilize it for various operations. The token page shows information such as price, total supply, holders, transfers and social links. The ETHA Lend protocol interacts with multiple DeFi ecosystems to expose liquidity providers to optimal yield, algorithmically based on gas cost, volatility, current yield, utilization rate, and supplied.
These are – high transaction fees, the lack of interoperability, and limited risk tolerance with non-transparent market rates. Etha Lend’s mainnet will launch on Polygon , which represents a significant milestone for it in achieving the cross-chain vision. This seems like a logical and strategic move by Etha Lend as the Polygon network is uniquely positioned to address the current congestion on Ethereum. Once you buy your Ethereum, go to your Binance wallet section and look for the Ethereum you purchased.
- Ever since Gelato released its smart contract Poker to automate arbitrary smart contract functions, developers across chains have been able to utilize it for various operations.
- These are precisely the pain points that ETHA Lend aims to resolve.
- The team behind the protocol has launched a hybrid lending market that reduces the effect of short-term volatility on their discovery algorithm output.
- They are simply unable to objectively assess different yield opportunities to formulate an effective yield optimization strategy.
- Market cap is calculated by multiplying the asset’s circulating supply with its current price.
- ETHA Lend is a yield optimizer powered by Polygon that abstracts the complexity in DeFi to provide users algorithmically optimal yields.
This means that a big move in ETHA Lend is met with a lot of dollars flowing into, or out of, the cryptocurrency. Low risk cryptocurrencies are very unlikely to have their prices manipulated. A big move in a low-risk cryptocurrency means lots of dollars are moving into, or out of, that crypto.
ETHA Lend aims to empower the masses with yields that are profitable and sustainable in the long run. The protocol hosts a suite of DeFi yield optimization features that help their community save on gas fees, enjoy optimized percentage yields, and more all together in one single platform. The ETHA Lend ecosystem also includes ETHA Vaults to give you greater control over your assets. Among other perks, the eVaults ensure that you can easily isolate and protect your assets from high market volatility.
Latest ETHA Lend News
July 15 witnessed a major milestone for the growing ETHA Lend community worldwide. Following months of hard work and amid rising anticipation, the project finally launched its Mainnet on the Polygon network. The Short-Term Technical Ranking evaluates a cryptocurrency’s trading over the past month. If you are planning to trade crypto, please consult a financial adviser.
Cointelegraph does not endorse and is not responsible for or liable for any content, accuracy, quality, advertising, products, or other materials on this page. Readers should do their own research before taking any actions related to the company. According to the Etha Lend developers, they have plans to incorporate more strategies for the eVaults to cover a diverse network of users. Until then, there is a lot to be explored with the Etha Lend mainnet which will be released on July 15, 2021.
It deploys an intelligent algorithm that automatically evaluates risk factors before allocating your assets across the best available protocols. It requires little input from the user when it comes to optimizing yield opportunities. Over the past two weeks, Gelato has seen a substantial increase in growth on Polygon and its thanks to the dynamism of the new smart contract Poker.
Upon the final settlement with the borrower, the smart contract shares the profits from the transaction with liquidity providers like you. Dec 2, 2020, was the day when a smart contract for token was started on the Ethereum platform, approximately 1 year ago, for today there are more than 1.4 Thousand token addresses that own token. London, United Kingdom–(Newsfile Corp. – July 14, 2021) – ETHA Lend, a hybrid yield optimizer that aims to abstract the complexity in DeFi, has announced its much-awaited Mainnet launch on July 15th, 2021. Polygon is an enterprising scaling solution for Ethereum, with a rapidly growing ecosystem. Etha Lend, an agnostic decentralized finance yield optimizer that abstracts the complexities of the DeFi space, announced the upcoming launch of its mainnet on Polygon on July 15, 2021. By removing the asset silos, Etha Lend aims to bring inclusiveness and elegance to the general DeFi market for all user classes.
Make sure to keep your seed phrase safe, and take note of your wallet address. There are several crypto wallets to choose from within the Ethereum network and Metamask appears to be the most integrated. If you are using a desktop computer, you can download Google Chrome and the wallet Chrome extension. If you prefer using your mobile phone, you can download the wallet via Google Play or iOS App Store if it’s available. Just make sure that you are downloading the official Chrome extension and mobile app by visiting the Metamask’s website.
Truly Optimal and Sustainable Yields Become a Reality with ETHA Lend’s Upcoming Mainnet Launch
If you are new to crypto, use the Crypto.com University and our Help Center to learn how to start buying Bitcoin, Ethereum, and other cryptocurrencies. The CB Insights tech market intelligence platform analyzes millions of data points on vendors, products, partnerships, and patents to help your team find their next technology solution. Your principal is earning interest while you are constantly enjoying rewards in your favourite asset.
What was Etha Lend`s trading volume in the last 24 hours?
The Etha Lend resources you will need to get started are listed below. Early users of the eVaults will receive a generous reward in Etha tokens. Register and set up the crypto wallet via the wallet’s Google Chrome extension or via the mobile app you downloaded in Step 1.
Analysis was done on daily data so all moving averages, RSI etc.., were calculated on a daily https://cryptolisting.org/ price chart. Our commitment to delivering the best personal service defines our business and inspires our efforts every day. We’re accessible and responsive to every client we serve, using cutting-edge technology and innovation makes it easier for us to focus on relationship building. The way we see it, a helpful voice on the phone is always welcomed.