Introduction to Infinity
Thank You
We're honoured that you're here keen to dive deeper into Infinity. We've gone to great lengths to ensure the product provides a robust experience, as it lays the foundation for the future of fixed income, credit, and everything else that can be spawned from interest rates.
We've created these set of docs to support the use of the Infinity Protocol. While we're in Testnet (Goerli) note that there may be some inconsistencies between what you read here, and what is available on the protocol. There may also be some errors (sorry!). We thank you for your patience as we get up to speed (i.e. Mainnet) and put more polish on the protocol.
What is Infinity?
Infinity is a non-custodial interest rate protocol. At its foundation is the most efficient interest rate model whereby borrowers and lenders pay/receive exactly the same rate (excluding fees). On the risk management and collateral side, Users can deposit and post as collateral a wide variety of tokens ranging from highly liquid tokens like USDT, USDC, ETH, WBTC, DAI etc... to more complex or structured tokens like Aave's aTokens, Compound's cTokens, Curve LP tokens, Uniswap LP NFTs, and more as we evaluate them down the line.
This enables DeFi participants to participate in leveraged yield farming, or relative value rates trades up to 50x opening up an entirely new DeFi experience.
Why Infinity?
A better price, every time.
With a zero spread rates model, Infinity is designed to give both borrowers and lenders a better rate than anywhere else. If our rate isn't more attractive than others, Traders will engage in arbitrage so that Infinity's rates move back in line.
How do I get started?
Connect your Wallet (via Metamask, for now), and transfer any number of qualified assets into your Current Account (where they are not yet used as collateral). From here, there are a number of choices:
i) Lend Tokens: Transfer tokens into a Trading Account, and then Lend them
ii) Borrow Tokens: Transfer collateral into a Trading Account, and then Borrow the desired token accordingly
In addition to these two basic actions, you can also set up multiple Trading Accounts (not yet deployed on Testnet), each with different Risk parameters to optimise your trading experience.
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