WHAT’S NEW? CLOVER!
Clover is Polkadot-Based DeFi Service Platform. Clover will compete to join as parachain for Polkadot and is committed to becoming a digital finance portal and DeFi service provider on Polkadot. Focusing on both to-C and to-B users, Clover provides a series of DeFi related products and services to meet the diverse needs of different users.
Consensus Mechanism: NPoS
Clover will provide a set of DeFi protocols and application tools:
Staking Liquidity Protocol to solve the illiquidity challenge of staked assets with establishing a staking pool tokenizing users’ staked assets as S-Asset (e.g., SDOT as a locked DOT), which users can invest or use in other applications.
Decentralized Trading Protocol It is a protocol which is built upon AMM but with an extra function of pending order which enables users to fill orders at a fixed price while increasing the trading depth.
Decentralized Lending Protocol The lending protocol of Clover is built based on Compound with the following extra features (Time dimension, Lending supply and demand index, Real-time automate interest rate calculation). It will more accurately reflect the correlation between the current market lending supply and demand. The lending protocol enables smart adjustment of loan interest rates that will reach market equilibrium more efficiently.
Token Dividend Protocol Pledge liquidity, trading and lending will all get the token incentives of this agreement
Governance Protocol Community can propose, vote, and implement changes through the governance module. Unlike existing systems, Clover will utilize a decentralized governance of the protocol for setting the interest rate model per asset. Synthetic Asset Protocols. Whenever a user wants to redeem his/her synthetic token (SABC) for the underlying ABCs, the users generally would have to wait for a certain recovery time for the ABCs to be transferable (e.g., for DOTS, 28 days as this is written). If the users do not want to wait during that time and still are willing to redeem their SABCs immediately (or within a shorter period of time), then the staking liquidity protocol will charge a small portion of the locked assets and will return the rest to the user.
Access to services Clover multi-chain wallet, with the functions of multi-chain asset storage, transfer, and exchange between multi-chain assets and Clover Explorer.
Native Token: CLV Token functions: • Staking • Transaction fee • Has the right to receive dividends from Clover’s profit. • Governance
TEAM Project Lead - BURAK-KEÇELI (GatePay) Strategy Lead (CEO) - CHRIS LI (formerly the chief marketing officer of Bithumb Global) Operations Lead NORELLE NG (Amber Group, Bithumb Global) Business Development Lead - BAREK SEKANDARI Chief legal Advisor - MARINA DANYLYUK (International Liaison of the Hong Kong Blockchain Society, representative of the Europe-Middle-East-Africa Region for International Blockchain Olympiad (IBCOL) and the legal adviser at the Swiss Blockchain Legal.)
ADVISORS RYAN RODENBAUGH IRON CHUNG MINKI KANG
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