Sumer.Money
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Introduction
Sumer Protocols money market is a Compound-inspired lending and borrowing protocol that enables;
  1. 1.
    Deposit of Native Assets or their equivalent (USDC, USDT, WBTC, ETH, BNB, BUSD)
  2. 2.
    Minting of SuTokens (SuUSD, SuETH, SuBTC, etc.) against the deposited native assets (USDC, USDT, ETH, WBTC, BNB, BUSD)
  3. 3.
    Borrowing native assets (USDC, USDT, ETH, WBTC, BNB, BUSD) against deposited native assets (USDC, USDT, ETH, WBTC, BNB, BUSD)
  4. 4.
    Borrowing native assets (USDC, USDT, ETH, WBTC, BNB, BUSD) against deposited SuTokens (SuUSD, SuETH, SuBTC, etc.)
  5. 5.
    Repayment of borrowed assets
  6. 6.
    Liquidation
The deposited native assets source their deposit yields from users/ DAOs/ dApps borrowing the assets. While the protocol can accept any type of cryptocurrency as collateral, the initial deployment of the Sumer Protocol will mainly accept on-chain stablecoins and blue-chip assets (ETH, BTC, BNB, etc.) as collateral to smoothen out volatility in the collateral to reduce the risk exposure of the protocol.
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