We are pleased to announce the launch of Bor Protocol, a Decentralized finance ecosystem and grow engine for your crypto assets.
We as Bor Foundation have developed an eco-system for more profitable strategies that can act quickly at all times and allow the users to achieve the most profitable results in yield farming. A Yield Robo — Advisor wich gives users the best returns in yield farming while minimizing the risks for users. Robo advisory, investment/funds management, liquidity, borrowing/lending and more advanced trading products in a decentralized way that enables you to earn more with your digital assets on yield farming. A continuously searching smart-designed robo advisor will enable users to implement the best strategy in a fast and effective way with the result higher efficiency and least loss. U can easily switch for best yield farming protocols on Bor Protocol ecosystem where you can choose with almost instant transactions and extremely low fees and create your own position with just one click access. The smart Robo technology lets you analyze and give you the best options in real-time. Which gives you a great insight on how to decide and shift either way in-case needed. Add your liquidity in just one single place and leave the heavy-lifting to the code.
Bor Protocol connect you to the best available yield farming strategies!
The DeFi space
The DeFi space has seen impressive innovation and traction over the past two years, with total value in the DeFi ecosystem exceeding $ 9.4 billion in mid-September (DeFi Pulse). As DeFi continues to evolve, DeFi aggregators are emerging as a strong trend. As user-centric products built on a decentralised infrastructure, DeFi aggregators unlock the potential for higher yields and a better user experience. Because returns vary widely between different lending platforms, aggregators help investors get the highest possible return. Aggregators played a key role in the recent yield farming craze by leveraging DeFi protocols to maximize user returns. Although protocols such as Compound, Uniswap and others have developed user-oriented applications,
their priority remains on the core functionality. Aggregators, on the other hand, focus on simplifying and improving the experience for the end user. For example, in the case of an alternative savings account, users dont have to worry about the underlying smart contracts or networks; instead, they just deposit money and watch interest rates grow.
What does Bor Protocol do?
The Bor Protocol is designed to achieve the highest possible risk-adjusted return on investment through multi-chain yield farming in just one single place. The system provides its users with an easily accessible gateway to the complex and dynamic world of De-Fi based Yield Farming. That coupled with effective transaction management systems with almost zero transaction fees the Bor protocol is designed to provide its users a seamless experience. The protocol also allows users to use multiple platforms like Polkadot Binance Chain, Matic Network and Tezos etc.
The protocol is designed with user ease in mind with just one click the protocol generates different yield strategies for the user to choose from based on their own risk profiles. As an automated liquidity aggregator, users can deposit capital into the protocol in exchange for tokenised LP shares called (BRP Pool Tokens). Similar to how Balancer Pool Tokens (BPT) and
Uniswap LP Tokens (UNI) work, BRP represents a pro-rata claim on the total capital held in the Bor Protocol pool. Since interest is earned by the protocol it is shared with LPs who can claim rewards at any time in a non-custodial way. Bor protocol enables leading DeFi protocols such as Compound, Uniswap, Synthetix, Curve and Balancer.
We believe that the user experiences can be improved with the current DEFI developments. We as Bor Foundation are now changing that with a smart working system. The users will be able to get more out of their capabilities.
DE constraints in the yield environment:
Automated Market Makers (AMMs) like Uniswap offer their user lucrative rewards and the ability to collect trading fees paid by decentralized exchange users by supplying their money into liquidity pools. This creates a good source of passive income for them that does not depend on market sentiments.
However, there’s a severe risk involved with the act, during sharp market moves users can lose all of their money in the liquidity pool. This risk, known as imperative loss, is not intuitive but the liquidity providers should make sure that they understand it. The thing is that by participating in the liquidity pools, users cannot benefit from a price movement and actually can bear losses if the market value of the asset goes down. The problem comes from the fact that AMMs do not update their prices automatically in line with the market movements. This peculiarity creates arbitrage opportunities and poses significant risks to liquidity providers. For example if a token drops by 50% in value on a centralised exchange, the change is not readily visible on the Dex platforms. Thus, the arbitrage traders have a small window in which
they can sell their tokens on the Dex at an inflated price. The difference is then covered by the liquidity pools, thus when the price drops they incur huge losses.
In a traditional financial environment, liquidity is provided by banks through the cash deposits made by their customers. They then make money off of it by lending and investing that money. In a De-Fi ecosystem the middleman i.e. the bank is cut out of the process, and the users have direct access to each other to negotiate better deals in a leaner, cheaper and transparent way. However, there’s also a liquidation risk involved with the practice, if the price of the collateral falls below the loan amount, it gets liquidated resulting in a loss for the user. For example, if a user takes out a loan on an open source De-Fi protocol in BTC and lends it taking ETH as collateral, a significant BTC price increase will create liquidation risk as the value of the ETH token provided as collateral will be less than the value of the borrowed BTC. The same thing happens if ETH falls while the BTC price stays the same.
High gas costs:
High gas costs currently is the biggest hurdle in the adoption of DeFi. Users on De-Fi are subjected to really high gas fees that make it really hard to make multiple transactions at a time. With increasing liquidity locked in the DeFi ecosystem the transactions executed on the Etherege network also increase which causes the gas fees to spike up, making yield farming unrealistic for
average investors as most of the gains are absorbed in these gas fees which can go up 100x during peak season.
Poor user experience:
With the different and complex platforms, it is not the easiest way for users to always keep up with the trend. The Bor protocol gives you the choice to grow your portfolio, faster and safer with the automated advisory systems allowing you to perform according to the developments in De-Fi.
The BOR Foundation gives you the choice to grow your portfolio more faster and more safely with the robo-advisor as an advisor who is focused on allowing you to perform optimally with the current DEFI developments.
Bor protocol is working with a user centric approach allowing users to be the guiding light for future improvements.
The team behind Bor protocol has been working the crypto space for more than 7 years and has worked on numerous blockchain and crypto projects. With a vast experience the team has created Bor Protocol which will launch token generation in early April. The final date will be announced in the telegram group which you can join by clicking here.
Stay tuned for the updates.
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