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Introduction to IGNIS
Algorithmic Liquidity Market Protocol Built on the Flare Network.
Users can easily lend, borrow, and earn interest with their digital assets thanks to the IGNIS Liquidity Market (ILM) protocol. Borrowers can borrow with excessive collateral while depositors who provide the protocol with liquidity receive yield.
With Ignis Finance we will be able to offer DeFi services such as lending and more not only to the users of the Flare Network but also to other cryptocurrencies such as XRP and LTC. This is a key feature that will separate Ignis Finance from other lending protocols. We believe in this approach and will also be able to bring in users from other areas into the Flare Network. With the help of the Flare Network, we can help build an interoperable DeFi space for everyone.
With Ignis Finance there are no middlemen and funds are secured through the use of smart contracts.
Ignis Finance's decentralized lending and borrowing market will allow users to:
- 1.Instantaneously add liquidity and remove it from a shared liquidity market with no centralized middleman.
- 2.Utilize their assets as collateral to instantly borrow money from our liquidity market.
- 3.Be able to view the interest rates at any given moment in time for each asset offered on Ignis Finance.
Because our platform is built using smart contracts, there are no credit checks and the platform is readily available to use by anyone who has a metamask wallet! We believe in a free, open and decentralized world where everyone can have fair access to the same financial tools. Also, you are in control of your coins and we do not have custody to them. When lending or putting up collateral your crypto goes into the Ignis Finance smart contracts and can be taken out when you choose.