TL;DR: Yuzu is live on Horizen EON, opening up borrowing, lending and yield farming opportunities (soon)!
New York, NY – News Direct – Horizen Labs
Yuzu is a non-custodial decentralized liquidity market protocol that allows users to securely deposit or borrow crypto assets. Depositors provide liquidity on Yuzu, while borrowers can take out over- or under-collateralized loans.
Yuzu is the first crypto lending platform to launch on Horizen EON. With this integration, Horizen EON users can now enjoy the following features:
-
Lending: Deposit crypto assets and earn interest/return
-
Borrowing: Take out loans for crypto assets instantly (collateralized and uncollateralized)
-
Yield Farming: Yuzu is launching an innovative staking program on Horizen EON in the first quarter of 2024
“As a DeFi enthusiast and member of the Horizen community, I am excited to see Yuzu go live in our ecosystem. This integration enables Horizen EON users to access a wide range of DeFi features and furthers our mission to create a robust ecosystem.”
Rob Viglione, co-founder of Horizen
Get started with Yuzu today!
About Yuzu
Yuzu is a decentralized, non-custodial liquidity market protocol that offers lending and borrowing services on EON. It allows crypto users to fully utilize their assets for farming with untapped yields. Users can earn interest by depositing assets into Yuzu’s lending pools or taking out instant crypto-backed loans using collateral.
About Horizen EON
Horizen EON is an EVM-compatible smart contracting platform and the first of many smart contract sidechains in the Horizen ecosystem. Horizen EON allows developers to efficiently build and deploy decentralized applications (Dapps) on Horizen while benefiting from EVM compatibility. Horizen EON is designed for scalability and user experiences and is based on Horizen's powerful horizontally scalable protocol Zendoo.
For more information, please visit https://eon.horizen.io and join the Horizen Discord.
Contact details
Leora Schreiber
View source version on newsdirect.com: https://newsdirect.com/news/yuzu-finance-and-horizen-eon-unlocking-yield-opportunities-in-the-horizen-ecosystem-356102626
Learn Crypto Trading, Yield Farms, Income strategies and more at CrytoAnswers
https://nov.link/cryptoanswers
Comments are closed.