TopShelf Finance - Mint Fully Decentralized Assets on Binance Smart Chain, Fantom and Avalanche
Description: TopShelf Finance is a multichain protocol for creating collateralized synthetic assets, such as the USDL stablecoin. Deposit your collateral of choice to mint USDL, a US dollar pegged stablecoin or synthetic assets such as BNBL, FTML, AVAXL and more. Based on Liquity and following in the path of some of the best DeFi protocols, TopShelf Finance is non-custodial, immutable, and governance-free. The protocol will launch on BSC, Fantom and Avalanche and use BNB and 3EPS tokens for collateral on BSC, FTM and g3CRV on Fantom, and AVAX and av3CRV on Avalanche.
Why TopShelf?
The stablecoin landscape is increasingly competitive with a new generation of protocols allowing more and more collaterals, often weakening the strength and decentralization of their stablecoins. TopShelf value proposition is simple, USDL is backed by the native token of the chain it exists on. It’s non custodial and immutable meaning it’ll be there forever, in the same state it will be from day one. TopShelf is a decentralized borrowing protocol for taking out interest-free loans against collateral. Loans are paid out in a synthetic token (for example the USDL stablecoin, or BNBL, a synthetic token pegged to the price of BNB) and need to maintain a minimum collateral ratio of 110%.
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