ForTube is a leading DeFi lending platform that aims to solve problems in the DeFi space, such as the integration of assets with different risks into one pool, lack of token economic model and platform governance, security control, and weak community construction. ForTube was introduced in 2019 on Ethereum and has since released 3 versions. ForTube V3 has a major update on risk control, operation, and growth system.
ForTube is a lending protocol that allows users to deposit and borrow crypto assets through the pooling of funds. They use Asset Pools Segregation and asset rating to achieve risk trenching, and their interest rate strategy is calibrated to manage liquidity risk and optimize utilization. They also use Health Index HF to judge whether the account status is under collateralized, and liquidation to avoid bad debts when the Health Index is lower than the liquidation Threshold.
FOR is the native governance token of ForTube. FOR has a hard cap for total supply of 1,000,000,000. 795,000,000 FOR is in circulation.
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