# WHAT IS TIMESWAP (TIME) ? By [hungphung91(💙,🧡) cmcglobal.eth "🛸" .L2 .hft](https://paragraph.com/@cmcglobal) · 2023-02-01 --- > 🕰️What is Timeswap (TIME) ? What’s so special about Timeswap’s mechanism of action? Is this a desirable project? Find out right here ! > --------------------------------------------------------------------------------------------------------------------------------------- Although the Lending and Borrowing protocols that are appearing on the market have accumulated a large volume of liquidity, there are still many inefficiencies that need to be addressed. Some outstanding issues can be mentioned such as: Scalability - especially on the Ethereum platform, efficient use of capital, the risk of Oracles being hacked, or the problem of projects The current project is not completely decentralized. Timeswap was developed to focus on solving the problems just mentioned.  > ❓What is Timeswap ? > ------------------- **Timeswap is the first fully decentralized AMM** -based lending protocol on the market.  Timeswap is self-sufficient, non-custodial, has the ability to use gas fees efficiently, and can operate without the need for oracles or liquidators. Inspired by Uniswap, Timeswap has developed a proprietary 3-variable AMM protocol: X\*Y\*Z = K. Inside: * X is the root Pool. * Y is the interest pool. * Z is Pool for collateral (Collateral). The interaction of these variables determines the interest rates and collateral required for the pools to interact with each other. This provides users with the flexibility to determine their own risk appetite, thereby adjusting the interest rate and collateral ratio accordingly for each lending & borrowing transaction.  The project is built to be minimalist, permissionless, capable of saving gas fees and allowing anyone to create a lending & borrowing market for **ERC-20** tokens . ![](https://storage.googleapis.com/papyrus_images/163ac63d53a14e1f5658fdc6491a1a7473324ca86f7c42de862d93249aa2ce55.png) 🎓 Highlights of Timeswap ------------------------- * **Interest rates and collateral are flexibly adjusted to the market:** Every time lenders, borrowers, or liquidity providers transact with Timeswap Pools, the supply of these types of assets changes. assets, thereby adjusting the interest rates and collateral required of subsequent transactions. This flexibility can lead to increased capital efficiency and easier risk management.  * **Oracle-less:** Unlike other DeFi protocols, Timeswap works without the need for **Oracles** . Borrowing assets is determined by the supply and demand of tokens appearing in liquidity pools, rather than having to get data from outside Oracles.  * **Permissionless:** Timeswap is completely permissionless, thus allowing anyone to create a Pool for Lending - Borrowing purposes with ERC-20 tokens, with the ability to use any other ERC-20 token as an asset. collateral, with any maturity.  * **Fixed Maturity:** Timeswap pools have fixed maturities, allowing the creation of fixed-maturity financial products such as bonds, or options trading. * **Isolated Markets:** Pools operate separately, helping to reduce risk, where the collapse of one collateral will not affect other markets too much when compared to the pooled liquidity model. ).  * **Reduced risk of attack:** Since Timeswap works without Oracle or Liquidator, the risk of being hacked is greatly reduced.  * **Flexibility in risk profile:** The project provides flexibility for lenders and borrowers to determine their own risk profile through flexibility in interest rates and mortgages. * **ERC-20 Standard:** Anyone can create an ERC-20 pool through the provision of liquidity. 🪙 Token Information Timeswap (TIME) ------------------------------------ Currently the project has not announced the official token. My team and I will update as soon as information is available. 🏙️ Project team, investors & partners -------------------------------------- **_👩👨 Project team_** ![Our Project team](https://storage.googleapis.com/papyrus_images/46328ce76dcbbf54c7f0e0c147618c83d8bfe96495d064b8a65ce76c135a440c.png) Our Project team **_👩👨 Partner_** ![Accompanying the project, playing an important role in the support and development of Timeswap is the presence of Sandeep Nailwal and Jaynti Kanani, two founders of Polygon.](https://storage.googleapis.com/papyrus_images/d448cd06cd2fd9d1723171c38060839400cecda2c4b286cca08d6224c645bc3a.png) Accompanying the project, playing an important role in the support and development of Timeswap is the presence of Sandeep Nailwal and Jaynti Kanani, two founders of Polygon. **_🏦 Investors_** ![Timeswap's Seed Round is led by three major funds, Multicoin Capital, Mechanism Capital and DeFiance Capital. Notable are Multicoin Capital, an investment fund with a long-term vision, focusing on investing in building a decentralized, financial system, and DeFiance Capital, a giant from Asia with investment expertise in Asia. DeFi sector. Besides, Timeswap was also invested early by big-blooded individuals such as Balaji Srinivasan, former CTO of Coinbase, Mihailo Bjelic, co-founder of Polygon or Alex Svanevik, CEO and Co-founder of Nansen.](https://storage.googleapis.com/papyrus_images/b1499913da38f903e2d0a4131f27534bb788a50c011417a7e4d0b9f188d1cb5d.png) Timeswap's Seed Round is led by three major funds, Multicoin Capital, Mechanism Capital and DeFiance Capital. Notable are Multicoin Capital, an investment fund with a long-term vision, focusing on investing in building a decentralized, financial system, and DeFiance Capital, a giant from Asia with investment expertise in Asia. DeFi sector. Besides, Timeswap was also invested early by big-blooded individuals such as Balaji Srinivasan, former CTO of Coinbase, Mihailo Bjelic, co-founder of Polygon or Alex Svanevik, CEO and Co-founder of Nansen. Summary ------- Currently, Timeswap does not have too much official information, and due to its late birth, built on the Ethereum platform, Timeswap will have to compete fiercely with nearly 40 projects in the same segment. However, in my personal opinion, the project has a very strong development team and lead investors with a long-term vision, focusing on the DeFi segment. If Timeswap really solves the current outstanding problems such as decentralization, efficiency of capital flow and safety, then this project will still have potential for development. Although the current trend of NFT and GameFi is still attracting most of the money flow and attention of investors, I and the Coin98 team believe that DeFi will soon grow strongly again and will play a key role. in the future development of the crypto market.  Above is all the information about Timeswap for you to have more knowledge when learning about the project and making your own judgments. Hope this article will help you readers get more value.  * TW: [https://twitter.com/TimeswapLabs](https://twitter.com/TimeswapLabs) * Website: [https://timeswap.io/](https://timeswap.io/) * Discord: [https://discord.gg/timeswap](https://discord.gg/timeswap) * Crew3: [https://crew3.xyz/c/timeswap/invite/lVaiJGwwOGMOPA4zQAkxm](https://crew3.xyz/c/timeswap/invite/lVaiJGwwOGMOPA4zQAkxm) --- *Originally published on [hungphung91(💙,🧡) cmcglobal.eth "🛸" .L2 .hft](https://paragraph.com/@cmcglobal/what-is-timeswap-time)*