Introducing Ruler Protocol

As some have experienced, liquidations are a nightmare that one has to constantly worry about and manage. None of the currently available lending platforms protect borrowers from liquidations.

Ruler Protocol is a lending platform where users can borrow their preferred cryptocurrency with any other asset. It aims to fill the gap by enabling the following:

• No liquidations
• Supply and demand determine interest rates
• Fungible, tradeable loans

How does Ruler Protocol work?

Ruler allows borrowers to deposit capital in return for a multi token mint process. This process allows the borrower to maintain their collateral while repaying within a specific time frame without having to worry about liquidation risk.

Ruler allows lenders to collect loan payments with interest. Lenders also can claim any defaulted collateral if borrowers don’t pay on time.

A detailed product paper will be released later.

Governance with RULER

$RULER is NOT live yet.

The Ruler governance token will be used to govern the future of the protocol by the community. It will be released with the Ruler Protocol product. The detailed tokenomics are still work in progress.

You will be able to earn $RULER by using the product or by contributing to the protocol. We will also airdrop $RULER to users who have participated in governance for Cover Protocol and other Yearn ecosystem protocols via Snapshot.page.

The Team

@crypto_pumpkin
@chefcoverage
@kryptocucumber
@Teddy9423
@DeFi_Ted
@Mudit__Gupta