Xolo Finance price

XOLO

Xolo Protocol is a series of interest-bearing lending market protocols on the Binance Smart Chain. Xolo establishes money markets, which are pools of assets with algorithmically derived interest rates, based on the supply and demand for the asset. Suppliers (and borrowers) of an asset interact directly with the protocol, earning (and paying) a floating interest rate, without having to negotiate terms such as maturity, interest rate, or collateral with a peer or counter-party. Each money market is unique to a BSC based asset (such as BNB, any BEP-20 stablecoin such as BUSD, USDT, etc or an ERC-20 utility token such as Cake, Btc Dot, Eth), and contains a transparent and publicly-inspect-able ledger, with a record of all transactions and historical interest rates.