Good morning Lions I trust you are safe and well it has been quite some time since I have popped together a Leo Learn segment and truth be told I have been a little busy with IRL duties and issues but we are starting to make a slow come back. Am I ok? Yes I will be fine it has been hard but there are others worse off than me.
But enough of the boring stuff it is time to delve into the latest Cosmos project built on Atom network which has currently got a airdrop going called Rebus.
Early announcements made by the project team indicated a new Decentralised Finance (De-Fi) protocol being developed on ATOM but not just your original De-Fi protocol but one that worked alongside Centralised Finance and traditional trading.
What does this mean?
In a less convoluted manner Rebus is attempting to develop a De-Fi product that can be trusted and traded by investment bankers without the need of having to learn a new system and engage in multiple blockchains. Also offering a large Varity of different risk investment options.
Rebus is launching with a range of staking options that pay various APY based on their risk rating with the more risky paying higher yields than less risky options.
They aim to secure TradeFi investors (traditional investors) by launching six different product types with their own sub products that appeal to different investor types. The project team state that their products act like shares but it is still uncertain if it is an authorised financial service meeting the requirements of the SEC.
They have established this "like a share" approach to enable easy access and understanding of the system by Centralised finance investors in the hopes of quickly and easily gaining market ground.
Rebus will offer three liquidity products which encompass single pair and multi pair options which will reward providers with fees generated from swaps and depending on which pool you have entered will dictate your risk and rewards are paid more for high risk liquidity pools.
Two options are available for their stable coin pools with the ability to select stablecoin long or stablecoin stability with the stability pool holding least amount of risk which bases it's product on the frequency of borrowers. The Stablecoin long will cover both sides of the DeFi protocol and hold the most risk so users are reminded to take caution when investing.
One of the things I find interesting is the ability to borrow against your NFT collection as the blockchain will record the last sold price and enable you to lock in a price for your NFT and borrow against it using your NFT as collateral.
There are quite a few more on offer and I'd encourage people to read more here
For the meantime if you had Atom staked you can get access to the airdrop here which is open for another 204 days so don't miss out on FREE cash!
Images sourced from Canva Pro subscription. This is not financial advice and readers are advised to undertake their own research or seek professional financial services
