Annex Finance allows users to utilize their cryptocurrencies by supplying aToken (ANN) to the network to earn passive income, supplying both collateral and liquidity respectively. By utilizing ANN tokens, this enables the community to; (1) Create a secure lending platform where lenders receive a compounded interest rate paid per block while borrower pays interest on the cryptocurrency borrowed (2) Supplying liquidity contributing to the continuation and sustainability of the ecosystem (3) Governance of select protocol features supporting flexibility and community ownership. (4) Enable purchase and bid of NFT collectibles. (5) Auction currency with ANN. Unlike traditional finance systems, Annex Finance is enabled by an integrated DEX so that the community can swap tokens through a community-centric Defi platform. The community enhances the platform by detaining its governance through votes.
Categories: Decentralized Exchange, Governance, Lending & Borrowing, NFTs & Collectibles, Vaults, Yield Farm
Tags: Decentralized Exchange, Governance, Lending & Borrowing, NFTs & Collectibles, Vaults, Yield Farm