There’s a marketplace on Solana, and it's buzzing with activity. Lenders gather on one side, borrowers on the other, yet they seldom engage directly. At the heart of it all sits a colossal middleman, orchestrating the scene from a golden throne. This middleman controls:
How much lenders earn
How much borrowers pay
How much money remains idly set aside "just in case"
Who receives what rates
Behind the scenes, whispers erupt among lenders questioning their low earnings, while borrowers ponder the high costs of loans. Yet the middleman remains silent, pocketing the differences.
This scenario encapsulates the pitfalls of pool-based DeFi lending today.
Enter Paystream, a fresh accord in this marketplace that not only challenges this throne but dismantles it.
Most lending platforms on Solana, like Kamino and MarginFi, rely heavily on pooled resources.
Pools introduce three crucial inefficiencies:
The Unfair APY Gap
Lenders find themselves plagued by low APY, while borrowers face the burden of high APY. The middleman profits from this discrepancy.
Idle Liquidity
Pools often hoard cash to stave off unexpected withdrawals, leading to wasted potential yield.
Confusing, Fragmented Risk
Different platforms present a mishmash of rules regarding:
LTV ratios
Liquidation thresholds
Collateral regulations
As a result, new users feel disoriented, while seasoned users hit walls of restrictions. A reimagining of this marketplace is overdue.
Paystream forsakes the middleman model altogether.
Instead:
Lenders and borrowers lock into direct matches
APY spreads shrink drastically
Liquidity stays perpetually active
Both parties benefit from fairer pricing
When a matching opportunity doesn’t exist, Paystream can draw on Kamino or MarginFi for liquidity support, ensuring operational fluidity.
At the core of Paystream’s offering lies its yield enhancement feature, LLP.
Users gain the capacity to:
Borrow funds and amplify investments
Open leveraged liquidity positions
Reap larger returns from innovative market-making models
Compound yield through efficient mechanisms
Think of LLP as a method to supercharge the returns of liquidity mining integrated directly into the protocol.
Paystream intricately weaves risk management into its fabric:
Alerts triggered at 85% LTV
Full liquidation initiates at 90% LTV
Partial liquidation protocols designed to safeguard lenders
System-wide reduction of leverage during market turmoil
The ultimate aim: providing protection without needless complication.
Token: PAYS
Total Supply: 24.75 million
Circulating Supply: 24.75 million
IDO Platform: MetaDao
IDO Price: $0.0055
Fully Diluted Valuation (Launch): $1.36 million
Allocation Breakdown:
Team & Early Contributors: 47.879%
ICO: 40.404%
Liquidity: 11.717%
The pre-stream ICO journey introduced a significant tranche of 10 million tokens into circulation at a set supply.
Upon review, a few standout points emerge:
The Largest Holder: This appears to be the team or treasury
These tokens had been received directly from the mint, remaining completely untouched with no trade activity noted.
No Evidence of Selling
No outgoing transfers or signs of early profit-taking.
Centralization Risk
Concentration of tokens in a single wallet presents potential complications ahead that need continual monitoring as future distributions arise.
While Paystream offers innovative solutions, users should remain aware of several key risks:
Token Concentration: The heavy allocation directed to early contributors could lead to volatility in the future.
Dependence on External Liquidity: Integrated platforms like Kamino or MarginFi introduce inherited risks from their operational structures.
Market Depth Implications: Shallow liquidity pools may augment price fluctuations.
Leverage Risks within LLP: Amplifying potential rewards correlates with amplifying risks such as impermanent loss and rapid liquidations during volatile timelines.
Ultimately, Paystream disrupts the conventional lending terrain by eliminating unnecessary intermediaries, fostering direct connections between lenders and borrowers, and instituting a smarter, more effective marketplace.
As users participate, vigilance over:
Token distribution
Liquidity constraints
Leverage exposure
There’s a marketplace on Solana, and it's buzzing with activity. Lenders gather on one side, borrowers on the other, yet they seldom engage directly. At the heart of it all sits a colossal middleman, orchestrating the scene from a golden throne. This middleman controls:
How much lenders earn
How much borrowers pay
How much money remains idly set aside "just in case"
Who receives what rates
Behind the scenes, whispers erupt among lenders questioning their low earnings, while borrowers ponder the high costs of loans. Yet the middleman remains silent, pocketing the differences.
This scenario encapsulates the pitfalls of pool-based DeFi lending today.
Enter Paystream, a fresh accord in this marketplace that not only challenges this throne but dismantles it.
Most lending platforms on Solana, like Kamino and MarginFi, rely heavily on pooled resources.
Pools introduce three crucial inefficiencies:
The Unfair APY Gap
Lenders find themselves plagued by low APY, while borrowers face the burden of high APY. The middleman profits from this discrepancy.
Idle Liquidity
Pools often hoard cash to stave off unexpected withdrawals, leading to wasted potential yield.
Confusing, Fragmented Risk
Different platforms present a mishmash of rules regarding:
LTV ratios
Liquidation thresholds
Collateral regulations
As a result, new users feel disoriented, while seasoned users hit walls of restrictions. A reimagining of this marketplace is overdue.
Paystream forsakes the middleman model altogether.
Instead:
Lenders and borrowers lock into direct matches
APY spreads shrink drastically
Liquidity stays perpetually active
Both parties benefit from fairer pricing
When a matching opportunity doesn’t exist, Paystream can draw on Kamino or MarginFi for liquidity support, ensuring operational fluidity.
At the core of Paystream’s offering lies its yield enhancement feature, LLP.
Users gain the capacity to:
Borrow funds and amplify investments
Open leveraged liquidity positions
Reap larger returns from innovative market-making models
Compound yield through efficient mechanisms
Think of LLP as a method to supercharge the returns of liquidity mining integrated directly into the protocol.
Paystream intricately weaves risk management into its fabric:
Alerts triggered at 85% LTV
Full liquidation initiates at 90% LTV
Partial liquidation protocols designed to safeguard lenders
System-wide reduction of leverage during market turmoil
The ultimate aim: providing protection without needless complication.
Token: PAYS
Total Supply: 24.75 million
Circulating Supply: 24.75 million
IDO Platform: MetaDao
IDO Price: $0.0055
Fully Diluted Valuation (Launch): $1.36 million
Allocation Breakdown:
Team & Early Contributors: 47.879%
ICO: 40.404%
Liquidity: 11.717%
The pre-stream ICO journey introduced a significant tranche of 10 million tokens into circulation at a set supply.
Upon review, a few standout points emerge:
The Largest Holder: This appears to be the team or treasury
These tokens had been received directly from the mint, remaining completely untouched with no trade activity noted.
No Evidence of Selling
No outgoing transfers or signs of early profit-taking.
Centralization Risk
Concentration of tokens in a single wallet presents potential complications ahead that need continual monitoring as future distributions arise.
While Paystream offers innovative solutions, users should remain aware of several key risks:
Token Concentration: The heavy allocation directed to early contributors could lead to volatility in the future.
Dependence on External Liquidity: Integrated platforms like Kamino or MarginFi introduce inherited risks from their operational structures.
Market Depth Implications: Shallow liquidity pools may augment price fluctuations.
Leverage Risks within LLP: Amplifying potential rewards correlates with amplifying risks such as impermanent loss and rapid liquidations during volatile timelines.
Ultimately, Paystream disrupts the conventional lending terrain by eliminating unnecessary intermediaries, fostering direct connections between lenders and borrowers, and instituting a smarter, more effective marketplace.
As users participate, vigilance over:
Token distribution
Liquidity constraints
Leverage exposure
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