Rank #N/A
ars Aquarius Loan
$ 0.001803
0.00%
0.073009 BTC
3 satoshies0.00%
Market Cap
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24 Hour Trading Vol
167,840.6751 $
Circulating Supply
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Total Supply
1,00 BN.
Max Supply
1,00 BN.
Fully Diluted Valuation
1,80 MLN. $
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Aquarius Loan Top Markets
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About Coin
What is the Aquarius Loan?
Aquarius Loan or Aquarius is a decentralized blockchain protocol that allows users to lend or borrow selected cryptocurrencies on Core chain. It establishes money markets by pooling assets together and algorithmically setting interest rates based on supply and demand of assets.
To supply or lend crypto assets on Aquarius, users will have to deposit their crypto assets into the Aquarius protocol and it will be aggregated into a liquidity pool. Once users have made the deposit, they will receive aTokens in return. Users will start accruing interest by holding the aTokens.
Once assets are supplied to Aquarius, users are allowed to use the assets as collateral. Based on the collateral factor of the assets deposited, users can start borrowing from Aquarius. Because Aquarius uses an overcollateralization model, you can never borrow more than what is collateralized.
How is Aquarius Loan different from traditional finance?
Aquarius behaves similarly to a bank but it is more easily accessible. To use Aquarius, users are not required to provide personal and private information. Anyone with an internet connection could sign up for Aquarius and start interacting with the protocol. All they need is some crypto assets stored on a crypto wallet like Metamask.
In addition, the return rates for Aquarius are more attractive compared to traditional banks. For example, if you store money in a savings account, it will only generate a measly 0.05% APY. On the other hand, Aquarius would offer up to 10% APY depending on the assets supplied.
History of Aquarius Loan.
Aquarius team have launched the project in 2022 and in July 2023, they have made strategic partnership with CoreDAO, a DAO organization that is governing the activities of Core chain. Aquarius Team got official grant from CoreDAO to build the decentralized money market on Core chain.
In August 2023, they partnered with SushiSwap to launch the protocol's native token ARS and the protocol started a full scale operation with the token launch.
What’s next for Aquarius Loan?
After the token launch and start of the full scale operation, Aquarius is now expanding it's ecosystem by bringing more users, utilities and funds to the protocol and to the Core chain from both inside and outside of Core chain.
What can Aquarius token (ARS) be used for?
ARS token is the platform's governance and utility token. Users are rewarded with ARS token for supplying and borrowing on the platform and they can also participate in governing activities of the protocol with ARS token.
Where is Aquarius Loan available for purchase?
You can exchange ARS tokens on both decentralized and centralized crypto platforms. The favored choice for purchasing and trading Aquarius Loan is BitMart, notably the ARS/USDT pair, which saw a trading volume of $ 167,451 in the past day. Additionally, IcecreamSwap (Core) and Sushiswap V3 (Core) are popular alternatives for trading tokens.
What is the highest value Aquarius Loan (ARS) has ever reached?
Aquarius Loan (ARS) reached its peak price at 0.01394 $ on 01 April 2024, approximately 5 months ago ago. Presently, the current price is -87.06% lower than this all-time high.
What is the historical minimum price for Aquarius Loan (ARS)?
The minimum price reached for Aquarius Loan (ARS) was 0.001764 $, documented on 27 August 2024, more than 15 days ago. In comparison, the current price is 2.16%, it above this historical low.
What is the fully diluted valuation of Aquarius Loan (ARS)?
The fully diluted valuation (FDV) of Aquarius Loan (ARS) stands at $ 1,80 MLN.. This figure reflects the maximum potential market capitalization, considering that the current circulating supply is at its maximum of 1,000,000,000 ARS tokens. The realization of this FDV might take several years depending on the emission schedule of ARS tokens.
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