Bangkok, Thailand, November 14th, 2024,
Chainwire
Today, Neptune Finance
(Neptune), a credit network lending protocol, announces the
first month results of the rates competition study for the period
of 8 October to 8 November. Neptune comes up in first position with
a performance of 2.5x for USDT and 1.8x for USDC compared to the
second placed platforms, successfully proving their interest rate
mechanism is the best in the industry.
These results demonstrate that Neptune
provides the highest efficiency at 20% APY for users.
Last month, 100 USDC and 100 USDT each
were deposited into 10 platforms including Neptune, and other
competitors. The competition study is aimed to determine the
performance and user value of the top 10 DeFi lending platforms and
can be tracked in real-time on Pulsar: https://app.pulsar.finance/portfolio
Users can view the full results here.
Chad Cutshall, CEO of Neptune Foundation, said: “We
have been committed to providing the highest value to our users
through our innovative features. It is a real testament to the
team’s hard work that the results have shown Neptune having the
most competitive rates in the industry. Coming up on top against
other bigger platforms shows that we are well on track with our
vision to be the premier and highest efficiency lending protocol
for users and DeFi service providers.”
Neptune already often has a narrower
spread between lend and borrow rates and this competition study
will provide tangible insight into rates comparison across lending
platforms.
With the use of the innovative Neptune
PID controller, the interest rate curve is dynamically adjusted
based on its proximity to the target, achieving consistent
utilization, even throughout rapid market volatility. This
addresses the limitations of a market static curve used by typical
DeFi money markets, which does not consistently achieve a stable
market utilization.
The Neptune team is continuing the work
on enhancing user benefits. The updated Neptune roadmap was
recently released, focused on generating bigger potential
yields, enhanced security and broader adoption. Upcoming milestones
for the rest of this year include access to flash loans, capacity
for account health boost, and access to advanced data and
analytics.
About Neptune
Finance
Neptune Finance is a
next-generation credit network and potentially high-yield lending
protocol designed to provide capital efficiency for lenders,
borrowers and DeFi service providers.
With the innovative Neptune PID
controller, the interest rate curve is dynamically adjusted
creating a narrower spread between lend and borrow rates. Neptune
provides an overall better representation of the real-time supply
and demand characteristics to optimize savings for both lenders and
borrowers. Ultimately, Neptune aims to be be the highest efficiency
operating protocol for thousands of DeFi service providers and
protocol developers.
Uses can visit nept.finance and discover how to lend, borrow and
build.
Contact
PR
consultant
Candice
Teo
candice@espoircommunications.com