Sector

Blockchain

Description

WeFi(ex-PAXO) is a decentralized money market protocol that opens up investment and loan opportunities in DeFi for global users to invest in digital assets through multi-pool borrowing. WeFi Finance's investment loans are used to invest in other digital assets from a connected DEX via the WeFi protocol. Afterward, the acquired asset (investment) is securely locked in its protocol until the loan is repaid with interest. If not, the asset is liquidated in an auction when it reaches the liquidation point.

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