User Tutorials
Here’s a breakdown of what Forlend is and how it can deepen liquidity pools in DeFi and give you privacy on Web3.
What is Forlend?
DeFi is an amazing innovation, allowing for permissionless and decentralized financial operations, but the lack of privacy has held it back. As amazing as automated market makers are for removing the need for a central authority, institutions are forced to avoid DeFi because using it could expose sensitive customer data or reveal their proprietary trading strategies.
Privacy is key for deepening liquidity pools on DeFi because it creates a safe place for traders with major capital. Forlend gives them the privacy they need.
Forlend is like Aave or Compound but with privacy. Built on Findora, Forlend lets users earn interest on deposited crypto assets or borrow tokens in an over-collateralized way. Retail users, whales, banks, and trading companies will all be able to move assets into the DeFi space fully confident that their transaction data is safe.
How to use Forlend
Forlend is a decentralized, non-custodial liquidity protocol where users can participate as lenders (liquidity suppliers) or borrowers. Depositors provide liquidity to the market to earn a passive income, while borrowers are able to borrow in an over-collateralized model.
To use the protocol, lenders deposits their preferred asset supported on Forlend which bears passive interests. Additionally, deposited assets can be used as collateral to allow the user to borrow other assets. Interest earned by depositing funds offsets the accumulated interest rates from borrowing.
The following documentation describes the fundamentals of Forlend protocol and how to interact with it. Please join our community - our contributor's team look forward to supporting you to build with Forlend.
1. Setting up MetaMask 🦊
2. Supplying/Depositing Assets
3. Borrowing from Forlend
4. Staking on Forlend
5. Bridging Assets to Findora
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