A xToken’s collateral factor can range from 0–90%, and represents the proportionate increase in liquidity (borrow limit) that an account receives by minting the xToken.
Generally, large or liquid assets have high collateral factors, while small or illiquid assets have low collateral factors. If an asset has a 0% collateral factor, it can’t be used as collateral (or seized in liquidation), though it can still be borrowed.
Collateral factors can be increased (or decreased) through SupremeX Governance, as market conditions change.
SupremeX currently lists 7 assets with collateral factors ranging from 0–85%:
SXC (SupremeX Coins) will be distributed in the following manner. A total of 1B SXC will be distributed pro rata unless indicated otherwise:
Lending pool: 38.5% (3 years linear)
Founder: 10% (2 years linear)
Institutions: 6.5% (2 years linear)
Liquidity pool incentive: 30% (3 years linear)
DAO Pool: 5% (3 years linear)
Per day, each of the following pool will distribute the following number of SXC tokens for users based on their individual TVL:
In total, it is 1.5% of the total circulation of…
OKEx’s Polygon integration supports BAL, BAT, CEL, COMP, CRV, DAI, ETH, GHST, GUSD, LINK, MKR, PAX, SNX, SUSHI, TUSD, UNI, USDC, USDT, USDK, wBTC, YFI, YFII, ZRX.
What SupremeX is
SupremeX is a lending project based on decentralized financial ecosystems through smart contracts, which enables transparency, verifiability, the largest TVL, and the fundamental DeFi use cases.
Traditional lending system requires creditworthiness or income verification, even when collateral such as housing is provided. It also requires blind trust in institutions, such as banks, which leads to a slow and non-transparent approval process.
Our purpose is to let the user borrow funds efficiently. This is done with no credit checks on OkExChain, where we launch coins. …