Chainlink Integrations
Interest Protocol Using Chainlink to Power Capital-Efficient Borrowing and Lending
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Data Feeds
June 13, 2022
Interest Protocol Strategically Partners With Chainlink Labs
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Data Feeds
Keepers
Proof of Reserve
August 22, 2022
About
Interest Protocol

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Interest Protocol is launching on Ethereum today, June 13th, 2022, and simultaneously starting its token sale. Check if your address is on the whitelist.

Interest Protocol is a borrow/lend protocol that adapts the fractional reserve system of banks to DeFi. Instead of posting houses as collateral and borrowing dollars, Interest Protocol users post wETH, wBTC, and UNI as collateral and borrow a stablecoin called USDi. Instead of depositing dollars into a bank and earning next to nothing in interest, Interest Protocol users deposit USDC into the protocol and receive the lion’s share of the interest paid by borrowers. While we have improved upon all of the core pieces of a borrow/lend protocol, such as the liquidation mechanism and the collateral system, Interest Protocol’s main innovation is the capital efficiency that comes from lending out its own stablecoin. Interest Protocol combines the capital efficiency of the fractional reserve system with the safety of over-collateralized loans.

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About Chainlink

Chainlink is the industry standard for building, accessing, and selling oracle services needed to power hybrid smart contracts on any blockchain. Chainlink oracle networks provide smart contracts with a way to reliably connect to any external API and leverage secure off-chain computations for enabling feature-rich applications. Chainlink currently secures tens of billions of dollars across DeFi, insurance, gaming, and other major industries, and offers global enterprises and leading data providers a universal gateway to all blockchains.

Learn more about Chainlink by visiting chain.link or reading the developer documentation at docs.chain.link

Want to discuss an integration?

If you’re integrating Chainlink, please get in touch.

Data Feeds
DeFi