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TopShelf is a decentralized borrowing protocol that allows users to draw interest-free loans against collateral. Loans are paid out in synthetic tokens (e.g. USDL, BNBL, FTML) and need to maintain a minimum collateral ratio of 110%. The loans are secured by the collateral, a Stability Pool, and by fellow borrowers collectively acting as guarantors of last resort. Learn more about these mechanisms in our documentation. TopShelf Finance is non-custodial, immutable, and governance-free.
The protocol provides the following services:
Allows users to hold their positions in their collateral and take loans against them, thereby freeing up capital to be deployed elsewhereProvides a stablecoin, USDL, that is not 100% fiat-backed, and thereby is more decentralized than stables such as USDT and USDCAllows users to take short positions on tokens such as BNB, FTM, and AVAX.Exchange | Pair | Last Price | Change (24H) | High (24h) | Low (24h) | Spread | Volume (24h) |
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