• IOLEND offers lending on IOTA’s EVM using $ETH, $USDT, and $IOTA as collateral with competitive APRs.

• IOLEND provides up to 275% APR on $USDT and additional rewards in $IOL tokens, with high returns for liquidity providers.

IOLEND has emerged as a prominent decentralized finance (DeFi) player, offering innovative lending solutions on the IOTA network’s Ethereum Virtual Machine (EVM). The protocol is notable for its use of $ETH, $USDT, and $IOTA as collateral, distinguishing it from other DeFi platforms.

IOLEND is built on the RDNT Capital fork, which has the reliable structure of Aave. This makes it possible for the users to feel confident in the security and reliability of the platform. The protocol enables users to make deposits and withdraws of assets and the interest rates are set based on the market forces.

Discovering IOLEND

I’ve been exploring new DeFi opportunities on @iota since they launched their EVM.

One protocol that stands out is @IOLENDfi—the first lending protocol using $ETH, $USDT, and $IOTA as collateral.

Let’s dive in! pic.twitter.com/Ub6nFi0sf4

— That Martini Guy (@MartiniGuyYT) August 26, 2024

IOLEND also has some of the lowest APRs in the market as one of its strengths. It will be possible to receive 250% APR on eth loops and 275% APR on usdt loops for users. Such high yields are complemented by the native rewards in $IOL, the governance token of IOLEND. The additional $IOL rewards further boost the overall yield, making it an appealing option for yield farmers looking to maximize returns.

IOLEND Integrates Bridging and Liquidity Pool Options

IOLEND also integrates bridging options through Stargate, allowing users to seamlessly move $USDT and $ETH to the IOTA EVM. Once assets are bridged, users can participate in liquidity pools (LPs), specifically the IOL-IOTA LP. By locking their IOL-IOTA LP tokens, users can earn real yields in $USDT, $ETH, and $IOTA.

The lockup period can last from one month to a year, and the return can be up to 100% APR. The platform also encourages interaction with LPs by rewarding emissions in the form of $IOL tokens to ensure that the users remain active and liquid.

In recent developments, the European Commission has been setting the stage for a future of scalable, sustainable, and secure blockchain solutions across the European Union. The Iota Foundation has recently revealed that the last stage of the EU’s blockchain Pre-Commercial Procurement (PCP) has been successfully completed with the participation of seven other entities.

Iota’s accomplishment in this phase allows the foundation to participate in the future of blockchain infrastructure under the new European Digital Infrastructure Consortium for Blockchain (EUROPEUM-EDIC). The third phase includes partnering with local organizations such as Software AG and the Universidad Politécnica de Cataluña.

MEXC Exchange Lists IOTA in Assessment Zone

As previously reported by CNF, MEXC recently announced the IOTA (IOTA) listing in its Assessment Zone, with trading set to begin today. The new trading pair, IOTA/USDT, will allow users to engage in open trading on the exchange.

MEXC launched the Assessment Zone in 2020 to list projects recommended by its users, not only for the initial listing on the platform. Projects contained in this zone are subjected to a 60-day evaluation period. Following this period, tokens may be suspended or become inaccessible until the community renews them through a vote using MX. In the last 24 hours IOTA, declined by 4% in the last 24 hours and 4.6% over the past week, reaching $0.1285. However, IOTA’s trading volume has increased by 3%, with $7.6 million traded at the time of the report.