Loading
ASKO logo

ASKO

ASKO
-3.60%24H
Launched On
2020-06-12
Ethereum:
0xeEEE2a622330E6d2036691e983DEe87330588603
Price$0.0000007342256941

AskoLend decentralized protocol is a fork of Compound Finance. Compound is a decentralized, overcollateralized loans protocol built on Ethereum. AskoLend differs from Compound in that: it will be launched on Binance Smart Chain (BSC), it’s a multichain lending platform, it’s accessible to low, mid, and high market cap tokens, and its lenders are able to select between high and low-risk lending pools. These differences lead to some benefits of AskoLend over Compound.

With AskoLend’s utilization of BSC, the cost and speed per transaction are significantly lowered compared to Compound and Ethereum. With AskoLend’s accessibility to lend and borrow low, mid, and high market cap tokens, the potential scope of AskoLend’s lending and borrowing markets becomes vast; AskoLend has the capacity to list ~70 assets, compared to the 9 assets currently listed on Compound. Lastly, with AskoLend, lenders can pick their allocation between high-risk and low-risk lending pools for overcollateralized lending, allowing lenders an element of customization in their investment that isn’t available with Compound.

Asko DAO is responsible for governing Asko’s dApps, including AskoLend and its subsidiary, rASKO. This applies to all chains on which AskoLend and rASKO are deployed. To reiterate, these chains will be BSC, Polygon, and Ethereum. As mentioned in the tokenomics section, Asko DAO or the team will control the parameters for rASKO. In regards to rASKO’s variable token allocation, the DAO controls rates of allocation for borrowers and farmers and controls the amount of rASKO used for marketing and development, and for initially listing risk tokens on rASKO Swap. Asko DAO will also manage rASKO Swap’s fee, rASKO Farms, some liquidity on rASKO Swap, rASKO buyback and burning, distribution of AskoLend’s fees between rASKO and Asko DAO stakers.

Promoted Coins

#NameChainMarket Cap 24h Launch Date Upvotes
1PlayDoge logo
PlayDogePLAY
presale imagePresale
in 2 months
2eTukTuk logo
eTukTukTUK
Audited
presale imagePresale
in 10 days
3wienerdog logo
wienerdogWAI
presale imagePresale
in 27 days
4Oracle Meme logo
Oracle MemeOMEME
presale imagePresale
in a month
5KAI logo
KAIKAI
presale imagePresale
in a month
6Shiba Shootout logo
Shiba ShootoutSHIBASHOOT
presale imagePresale
in a month
7SpacePay logo
SpacePaySPY
June 03, 2024
Coin Rank
Overall rank:2743
Daily rank:42
1429

Total Votes

63

Votes Today

You can vote once a day
Charts

Subscribe to our newsletter

Get the relevant crypto news and promising coins straight to your inbox