New Features

Algofi Lending V2 represents a big leap forward for lending protocols on Algorand.

The Algofi Lending V2 supports several new features:
Fully ledger compatible
​~75% lower transaction costs smaller txn groups​
​Unlimited Assets for protocol and up to 21 assets per user with pooled collateral
By-market opt in / close out and protocol close out
​Composability (supporting endless possibilities of new DeFi products)
​Flash Loans are supported in all non-vault markets
Algofi DEX / NanoSwap LP Tokens as collateral on lending market
More independent rewards programs can be supported (4 in lending markets and 2 in the new staking contracts)
​Improved interest rate model​
​Borrow factor to discount volatile assets
New stablecoin that supports unlimited collateral options

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Last modified 10mo ago