Circulate Finance is a new lending protocol that addresses and improves upon identified issues resulting from a thorough analysis of current mainstream projects in DeFi. The primary innovation is a sustainable DeFi tokenomics model that extends beyond traditional LP mining by supporting a progressively growing price floor on CIR, the native platform token.
Circulate is the first-in-kind lending protocol on TRON with simple functionality. Cryptocurrency deposited into the platform earns interest from borrowers. Assets under deposit are trustlessly recognized as collateral in Circulate Finance and can be used to borrow funds. Similar lending protocols already exist in Ethereum such as AAVE and MakerDAO. The primary differentiating benefit is that Circulate Finance implements an innovative model to create a more sustainable eco-system than other competitors. The rule is very simple: more profits are shared directly with platform users in order to support adoption and create further value in the eco-system.
Instead of incurring a penalty for the share of CIR tokens or principal of deposits for users, profit sharing is implemented to create a sustainable floor price for the token. 60% of commission fees and interest revenue earned by the platform will be used to directly support the sustainability of the platform.