Introduction

Overview

IBNSCTrade Finance revolutionizes the decentralized finance (DeFi) landscape with a unique synthetic asset protocol and community-driven DAO (Decentralized Autonomous Organization). Our protocol provides users with advances on yield farming strategies through synthetic tokens. These tokens represent a claim on the collateral deposited within the IBNSCTrade protocol.

The Role of IBNSCTrade DAO

The IBNSCTrade DAO plays a pivotal role in fostering the growth of both the IBNSCTrade ecosystem and the wider Ethereum community. The DAO is dedicated to allocating funds to projects that can enhance the IBNSCTrade platform and contribute positively to the Ethereum network.

IBNSCTrade's Unique Offering

Imagine a financial service where your deposit not only earns interest but also backs a credit facility. IBNSCTrade introduces this concept in the DeFi world, offering self-repaying, interest-free loans with no liquidation risk. Here’s how it works:

Deposit: Choose a yield farming strategy and deposit your assets (either stablecoins or ETH).

Borrow: Secure a loan up to a certain collateralization ratio, receiving a synthetic IBNSC token that represents future yield.

Convert: Exchange your IBNSC tokens for other assets using a DEX or aggregator, or utilize them in DeFi protocols.

Spend Freely: Utilize the loan for diverse purposes, ranging from investment to leisure.

Automatic Debt Repayment: Your deposited assets continue to earn interest, gradually paying off the borrowed amount.

Flexible Management: Users can withdraw their deposits, take out additional loans, self-liquidate, or repay their debts at any time. IBNSCTrade equates one IBNSC token to one unit of the underlying asset for all transactions.

How to Use IBNSCTrade?

IBNSCTrade currently supports borrowing against USD-pegged stablecoins (alUSD) and ETH (alETH). To make the most of our platform, users can follow these steps:

Deposit: Select a yield strategy and deposit your chosen collateral.

Borrow: Receive up to the permitted ratio in synthetic IBNSC tokens.

Convert and Spend: Trade your IBNSC tokens or spend them as you wish.

Automatic Repayment: The yield from your deposit automatically reduces your debt over time.

Manage as Needed: Withdraw, borrow more, repay, or self-liquidate at your convenience.