{"id":28555,"date":"2020-09-12T10:12:07","date_gmt":"2020-09-12T07:12:07","guid":{"rendered":"https:\/\/forklog.com\/en\/?p=28555"},"modified":"2025-08-27T12:11:07","modified_gmt":"2025-08-27T09:11:07","slug":"yearn-finance-to-launch-decentralized-lending-protocol-stablecredit","status":"publish","type":"post","link":"https:\/\/u1f987.com\/en\/yearn-finance-to-launch-decentralized-lending-protocol-stablecredit\/","title":{"rendered":"yEarn Finance to Launch Decentralized Lending Protocol StableCredit"},"content":{"rendered":"<p>Developers of yEarn Finance announced the launch of the StableCredit lending protocol, which uses stablecoins and an automated market maker mechanism.<!--more--><\/p>\n<blockquote class=\"twitter-tweet\">\n<p dir=\"ltr\" lang=\"en\">Introducing StableCredit, a new protocol for decentralized lending, stablecoins, and AMMs. <a href=\"https:\/\/t.co\/Cuoo2OMi5H\">https:\/\/t.co\/Cuoo2OMi5H<\/a><\/p>\n<p>\u2014 yearn.finance (@iearnfinance) <a href=\"https:\/\/twitter.com\/iearnfinance\/status\/1304055870687506440?ref_src=twsrc%5Etfw\">September 10, 2020<\/a><\/p>\n<\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<blockquote>\n<p>\u201cStableCredit is a protocol that includes tokenised debt stablecoins, lending, and one-sided automated market making to create a fully decentralised lending protocol,\u201d wrote a representative of yEarn Finance, Andre Cronje.<\/p>\n<\/blockquote>\n<p>As explained by the developer, users deposit USD-pegged USDC. Its market value is roughly $1, but can deviate from the target value at times. An oracle reports the exact price of USDC and mints the StableCredit USD stablecoin in accordance with the current rate.<\/p>\n<p>Equal parts of USDC and StableCredit USD are used in the automated market maker (AMM) mechanism, which aims to keep the total value of assets at a single level.<\/p>\n<p>Ultimately, users receive a certain amount of StableCredit USD, the tokenised version of the US dollar. They can use these funds as collateral to borrow other assets within the AMM framework.<\/p>\n<p>According to researcher Hasu, StableCredit differs from many other lending DeFi protocols in lacking a governance token.<\/p>\n<blockquote>\n<p>\u201cA lending protocol without a governance token is an innovation. There is no need for voting tokens or extracting revenue at the expense of users,\u201d Hasu emphasised.<\/p>\n<\/blockquote>\n<p>According to Cronje, the application&#8217;s user interface will be ready by the end of September.<\/p>\n<p>Earlier, the price of the yEarn Finance token (YFI) <a href=\"https:\/\/u1f987.com\/en\/news\/yfi-token-price-surges-to-around-35000-after-coinbase-pro-listing-announcement\">jumped to $35 000<\/a> amid news of its listing on Coinbase Pro.<\/p>\n<p>Follow ForkLog News on Telegram: <a href=\"https:\/\/t.me\/forkloglive\" target=\"_blank\" rel=\"nofollow noopener noreferrer\">ForkLog FEED<\/a> \u2014 the full news feed, <a href=\"https:\/\/telegram.me\/forklog\" target=\"_blank\" rel=\"nofollow noopener noreferrer\">ForkLog<\/a> \u2014 the most important news and polls.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The developers of yEarn Finance announced the launch of the StableCredit lending protocol, which uses stablecoins and an automated market maker mechanism.<\/p>\n","protected":false},"author":1,"featured_media":28556,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"1","news_style_id":"","cryptorium_level":"","_short_excerpt_text":"","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[1093,1097,1869],"class_list":["post-28555","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-defi","tag-lending","tag-yearn-finance"],"aioseo_notices":[],"amp_enabled":true,"views":"13","promo_type":"1","layout_type":"","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/28555","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/comments?post=28555"}],"version-history":[{"count":1,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/28555\/revisions"}],"predecessor-version":[{"id":28557,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/28555\/revisions\/28557"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media\/28556"}],"wp:attachment":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media?parent=28555"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/categories?post=28555"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/tags?post=28555"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}