Nexon is a Low Risk & Capital Efficient lending protocol on zkSync Era. Nexon is trying to solve the most common & significant challenges currently facing the DeFi ecosystem. To encourage mass adoption, the aim is to improve capital efficiency and streamline UX.
Nexon will have two different products:
- Pooled Lending
- P2P lending
Benefits: Capital Efficient: Existing lending protocols always have utilization of less than 100% this means that the Lender’s funds are not utilized fully. So the borrower has to pay more & each lender actually gets less as the interest is distributed equally.
No dependency on price Oracles: Existing projects use oracles to carry out liquidations. This makes oracles a point of high risk for these protocols. Many LTAs & some mid-cap project tokens don’t have a price feed oracle which makes it difficult to
No dependency on liquidity: Low liquidity in the market makes the existing protocols insolvent. This is mainly applicable to Layer 2s & tokens with lower liquidity.
Nexon Finance History
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applied to the Web3 Open Source Software Round 1 year ago which was rejected
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