Utility Lending Pool

The Utility Lending Pool feature on Eris allows project teams to enhance the utility of their tokens by directly depositing assets like ETH or USDC into a dedicated pool. This creates lending and borrowing opportunities involving their own tokens. Here’s how it works:

1. Partner Deposits:

   • The teams behind a token, deposit their own assets into a dedicated pool to kickstart liquidity. They provide lending and borrowing opportunities for their token holders and create a new use case for their token.

   • This helps create liquidity and incentivizes participation from the community.

2. Added Utility and Revenue:

   • This approach offers projects a new revenue stream, as they can earn fees from the lending and borrowing activities involving their token.

   • By integrating their token into the lending ecosystem, the project strengthens its token's role and fosters greater engagement within its community.

3. Communication:

   • For any questions or support, the team invites users to reach out directly on platforms like Twitter or Telegram, ensuring a direct line of communication.

In summary, Eris’s Utility Lending Pools are tailored for projects aiming to add functionality and value to their tokens. By allowing projects to deposit assets and create lending pools, they enhance the token's utility, engage the community, and open up new revenue streams, thereby strengthening the overall ecosystem.