How it works
Wefty to rock-n-roll !
Wefty is the nickname of our NFT that represents both deposit and loan of a user. Any number of Wefties can be minted and they are transferable. This effectively decouple the account and our dApp.
Uncollaterized loan by delegation
Wefties can be linked together in a Delegator-Delegatee relation. Delegated Wefty's allow for uncollateralized loans. The delegator is able to set a debt ceiling for each delegatee by a fixed amount or by setting a maximum ratio relative to available collateral.
Isolation mode, Efficiency mode and more ... All in One Go !
Flexible Collateral ratio configuration allows borrowing power to not depend only on the supplied asset but also on the asset intended to be borrowed.
Hello! We are Weft’ers - a group of seven passionate people working together to build the future of Decentralised Finance by offering accessible financial services to everyone.
Weft Finance is a decentralised lending and borrowing platform built on RadixDLT.
Weft dApp enables users to deposit assets in order to earn interest/and/or use them as collateral for borrowing. It will allow users to securely lend and borrow digital assets within the Radix ecosystem. We are currently working on our MVP to be launched for Babylon.