👻Liquidation-Free Money Market

Coming soon! (Q3 2024)

Nashed: Liquidation-Free Money Market

More Info at: Nashed

Borrow/Lend Any Token

There are markets for every token. Some are cross-margined and some are isolated. But on Nashed, you can make cross-margin borrows with isolated deposits and vice versa through the power of transmutation.

Transmutation

By paying a funding rate, you can convert any token collateral into another regardless of the isolated/cross-margin status.

For example, users can deposit USDC, convert it into PEPE to borrow PEPE. Or they can deposit SHIBA, transmute it into USDC and borrow ETH.

Now you can get capital efficiency out of any token, and short any token.

Pairwise Security

Borrow and deposit a pair of tokens and liquidation-lock them. By paying a minor funding rate, once the position is opened your collateral won't be liquidated no matter where the utilization moves.

Instead if the utilization goes above 100%, when you would normally be liquidated on any other market, the liquidation insurance kicks in and charges a higher funding rate. This way your collateral depletes slowly which gives your portfolio a chance to recover, and you time to recollateralize if desired.

Portfolio Lock

Similar to pairwise security, you can also lock your entire portfolio. If times feel risky and you don't want to think about which exact tokens you wait to lock, simply hit the big button and lock everything! No more liquidations.