Inverse Finance confiscates tokens and sends code: Begins the stablecoin mortgage protocol

Inverse Finance confiscates tokens and sends code: Starts the stablecoin loan protocol

Shortly after the community of inactive members was wiped out, one of the strangest experiments by the Decentralized Finance Department (DeFi) launches a new stablecoin loan product.

Inverse Finance on Wednesday revealed the Anchor Protocol, a money market centered around DOLA, a protocol-based synthetic stablecoin. Based on “a modified fork of the connection” in a Blog Nour Haridy, founder of post Inverse Finance, compares Anchor to Synthetix, which returns loans in the form of synthetic assets through overfunded collateral, and Compound, which issues loans in the form of crypto asset loans, which are also collateralized by overfunded collateral.

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Read on on Coin Telegraph

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