Ruler Protocol has partnered with Armor.fi to list $ARMOR as collateral. 17549 $ARMOR and 25 $RULER per week have been allocated as rewards for Liquidity Providers.
With Ruler Protocol, users can:
- Borrow stablecoins by using other assets as collateral.
- Leverage an ecosystem that has a supply & demand-driven interest rate which is not dependent on bonding curves.
- Be sure their position will not be liquidated as long as they follow the rules and repay back their loan on time.
Rewards will start on May 7th and will continue until at least May 29th.
About Ruler Protocol
Ruler Protocol is a lending platform where users can borrow stablecoins using other assets. It aims to fill the gap by enabling no liquidations, supply & demand-driven interest rates, and fungible, tradable loans.