Shoebill V2 Crypto Analytics & User Data
Shoebill Finance is a DeFi lending protocol that allows users to earn high stablecoin yields or take out interest-free loans and earn interest with leverage.
The 'Lender' deposits stablecoins to provide liquidity and earn interest, while the 'Borrower' deposits collateral and borrows stablecoins to earn interest with leverage.
In the existing lending protocol, the interest earned by the 'Lender' comes from the 'Borrower', so in order to give the 'Lender' more interest, the 'Borrower' has to pay a larger interest. Shoebill Finance utilizes a different model for distributing the interest earned by 'Borrowers'.
When a borrower deposits tokens as collateral, Shoebill Finance earns interest by depositing them into protocols like Kokoa Finance, Kokonutswap, and Stake.ly. These interest earnings are then converted into the same tokens deposited by the creditor and distributed as interest.
| Categories: | Lending , DeFi , Leveraged Farming |
| On chains: | BOB, BSquared, Fuse, Klaytn, Kroma, Manta Pacific, Metis, Mode, WEMIX, ZetaChain, zkLink Nova |
| Forked from | Compound V2 |
| Latest | 24h ago | 7d ago | 30d ago | 30 days changes | |
|---|---|---|---|---|---|
| Shoebill V2 TVL | $892,613 |
$871,992
2.37% |
$858,197
4.01% |
$899,009
-0.71% |  |
| Shoebill V2 Twitter Followers | 33187 | 33187 0% | n/a | 33650 -1.38% |  |
Shoebill V2 Crypto Metrics Charts
If you are looking for the latest Shoebill V2 charts and metrics check below. We have charts covering a range of stats such as Shoebill V2 TVL, Shoebill V2 Price, Shoebill V2 Social Media followers and more.
Shoebill V2 Competitors
A great way to understand Shoebill V2 is to compare similar crypto projects to Shoebill V2 by Categories, Chains, TVL, followers and more. We compare Shoebill V2 and update data every 24 hours to give you the latest Alpha and similar projects.
FAQ on Shoebill V2 Crypto Analytics & User Data
Yes Shoebill V2 is supported on BOB.
Yes Shoebill V2 is supported on BSquared.
Yes Shoebill V2 is supported on Fuse.
Yes Shoebill V2 is supported on Klaytn.
Yes Shoebill V2 is supported on Kroma.
Yes Shoebill V2 is supported on Manta Pacific.
Yes Shoebill V2 is supported on Metis.
Yes Shoebill V2 is supported on Mode.
Yes Shoebill V2 is supported on WEMIX.
Yes Shoebill V2 is supported on ZetaChain.
Yes Shoebill V2 is supported on zkLink Nova.
Shoebill V2 token is supported by following blockchains: BOB, BSquared, Fuse, Klaytn, Kroma, Manta Pacific, Metis, Mode, WEMIX, ZetaChain, zkLink Nova
Shoebill V2 is Shoebill Finance is a DeFi lending protocol that allows users to earn high stablecoin yields or take out interest-free loans and earn interest with leverage. The 'Lender' deposits stablecoins to provide liquidity and earn interest, while the 'Borrower' deposits collateral and borrows stablecoins to earn interest with leverage. In the existing lending protocol, the interest earned by the 'Lender' comes from the 'Borrower', so in order to give the 'Lender' more interest, the 'Borrower' has to pay a larger interest. Shoebill Finance utilizes a different model for distributing the interest earned by 'Borrowers'. When a borrower deposits tokens as collateral, Shoebill Finance earns interest by depositing them into protocols like Kokoa Finance, Kokonutswap, and Stake.ly. These interest earnings are then converted into the same tokens deposited by the creditor and distributed as interest.. Shoebill V2's native token is Shoebill V2. Shoebill V2 token is supported by following blockchains: BOB, BSquared, Fuse, Klaytn, Kroma, Manta Pacific, Metis, Mode, WEMIX, ZetaChain, zkLink Nova.
