UwU Lend is a liquidity market that offers depositing and borrowing. Users earn interest on deposits and pay interest to borrow. This provides the ability to free capital against assets users are planning to hold for utilization in other investments, leveraging, or expenses. Outstanding loans have more collateral backing them than debt, known as overcollateralization. This eliminates risk of non-payment for depositors. The UwU treasury earns a small amount of fees to cover bad debt in the event of extreme volatility. Borrowers do not have a repayment schedule with no limit on loan duration.
UwU Lend is non-custodial; no user funds can be seized by the protocol.
UwU Lend Price Analysis
As of October 11 2024 UwU Lend has a marketcap of $6.9M.
This is {{percentagefromath}} from its all time high of $380.72.
In terms of its tokenomics, there's a total supply of 16M with 51% currently outstanding.
Keep in mind UwU Lend has a fully diluted value of $13M which many investors might interpret as overvalued.
Of course, don’t trust price predictions alone, always check the Coinrotator token screener to follow the trending market.
Summarized in part by ChatGPT 4 and Claude
