⚔️ | Galahad Finance Key Features
Last updated
Last updated
Galahad Finance is an innovative decentralized finance (DeFi) protocol that introduces a unique borrowing and yield-earning opportunity for users. It enables users to borrow against their ETH holdings while simultaneously earning yield from the LSD protocol on Ethereum network.
Yield Bearing Galahad Finance introduces a unique opportunity for users to earn yield while borrowing against their Ethereum holdings. By utilizing the LSD protocol on Arbitrum, users can generate passive income from their deposited assets. The yield-earning mechanism enables users to optimize their borrowing strategy and enhance their overall profitability within the Galahad Finance ecosystem.
0% Interest Rate One of the standout features of Galahad Finance is its 0% interest rate on borrowed funds. This means that users can access loans without incurring any additional cost, making them highly attractive for borrowers. The 0% interest rate sets Galahad Finance apart from many other lending platforms that typically charge interest on borrowed funds.
Minimum Collateral of 150% To ensure the security and stability of its lending platform, Galahad Finance requires borrowers to provide collateral worth at least 150% of the borrowed amount. This collateralization ratio mitigates the risk of default and safeguards lenders' funds. By maintaining a minimum collateral requirement, Galahad Finance ensures a prudent lending environment for both borrowers and lenders.
Secure Galahad Finance places a strong emphasis on security. Galahad Finance will be audited multiple times by multiple top notch audit firms with reputable track records. Users can trust that their assets and transactions are protected by the platform's security measures.
0% Loan Fee In addition to the 0% interest rate, Galahad Finance charges 0% loan fees to borrowers. This means that users can access loans without incurring any upfront fees, further enhancing the cost-effectiveness and attractiveness of borrowing through Galahad Finance.