RadarUSD: USDR, Interest-free Isolated Lending & New Features

cryptonews.com:

Disclaimer: The text below is a press release that is not part of Cryptonews.com editorial content.

The topic of borrowing, lending, and vaults is one of the most intriguing aspects of the cryptocurrency world. Many assets of this class have funds locked up that can no longer be used, or at the very least cannot be used for an extended period of time. Radar is here to change that.

Radar is a decentralized borrowing protocol that allows you to take out 0% interest loans against interest-bearing tokens used as collateral. Loans are paid out in USDR — a USD pegged stablecoin.

Radar accepts yield-bearing assets, or even underlying assets which are automatically converted in our UI to their yield-bearing equivalent for a better user experience. To better illustrate, Radar accepts:

These assets can be used as collateral to mint Radar Dollar (USDR).

Your collateral value is always increasing because USDR is backed by interest-bearing tokens and loans are interest-free. This means that your loan instead of accumulating compounding debt, actually earns you a passive APY that adds up over time and surges your assets. 

Using Radar is as easy as going through a couple of clicks.

Step 1 — Deposit the asset you want to use as collateral.

Step 2 —Choose your LTV ratio and receive USDR for your collateral

Step 3 — Use your USDR to buy anything you want.

qiUSDT vs. yvUSDT pool

Every asset you choose to deposit on Radar has a maximum Loan to Value ratio (LTV) and a Total Allowed Borrow (TAB) for your particular token of choice. The LTV will not change over time unless decided so through governance, but the TAB can be increased when necessary.

The LTV ratio varies between 45% (for more volatile tokens) and 92% (for stablecoins).

Similar services, such