Dank Protocol Mainnet Announcement
We are excited to announce: Dank is finally online on Arbitrum!!!
After the countless testing by our team and community in the past few months, we are excited to announce that Dank Protocol is finally going online on Arbitrum Layer 2 Network!!!🎉🎉🎉
At present, supplying, withdrawing, borrowing, and repayments are all available! Supported lending pairs: USDT, USDC, DAI, ETH, WBTC.
Meanwhile, once supplies/borrows, liquidity incentives will reward participants with $DANK.
To clarify, Dank’s liquidity incentive tokens are TEMPORARILY UNCLAIMABLE for anyone. When Dank’s liquidity reward is available to claim, we will announce to the community as soon as possible!
Application: https://app.dank-protocol.com/#/
Please be aware, Arbitrum is the Layer 2 network of Ethereum. Therefore, we provide some articles below for beginners or newcomers to take a quick view.👇👇👇
Regarding to Dank’s Governance, we will launch related governance mechanisms at an appropriate time. For a brief info of $DANK, please refer to: ☘ Governance ☘
Last but not least, due to Dank is still in the early stage where everything has just started, we hope everyone to do your own research before you use the Dank Protocol!
About Dank
Dank is a permissionless open-source lending protocol based on Ethereum, which aims to solve the problem of inefficiency of funds in the DeFi market and build a fixed income market. It allows any user who uses the protocol to obtain variable interest rates. It is the first to propose a forward interest rate contract swap model based on the variable interest rate market. Users can also release the forward income of d-token at any time to obtain instant fixed income.
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About Arbitrum
Arbitrum is a suite of Ethereum scaling solutions developed by Offchain Labs that enables high-throughput, low cost smart contracts while remaining trustlessly secure. An “Optimistic Rollup”, Arbitrum instantly scales apps, reducing costs and increasing capacity, without sacrificing Ethereum’s security. Porting contracts to Arbitrum requires no code changes or downloads as Arbitrum is fully compatible with most existing Ethereum developer tooling. Arbitrum has just launched its mainnet beta, Arbitrum One, on Ethereum mainnet.
