Ithil
Ithil provides a financial interoperability layer for the web3 space, facilitating crowdlending and offering various financial services, including single-sided APY, NFT rentals, and one-click investment strategies.
Overview of Ithil's Financial Interoperability Layer
Ithil provides a financial interoperability layer that connects the entire web3 space. This layer is integral to its platform, fostering seamless integration and interaction across various decentralized financial (DeFi) protocols. By leveraging this layer, users can access a wide array of financial services within the web3 ecosystem. This connection forms the backbone of Ithil’s comprehensive services, enabling new opportunities and value creation in the digital financial space.
Crowdlending and Financial Services on Ithil
Ithil facilitates new value creation via crowdlending, allowing lenders to earn fees by making their tokens available for use. This service is part of Ithil's broader suite of financial services offered within the web3 sector. Lenders benefit from the decentralized and permissionless nature of the platform, which promotes greater participation and yields. Additionally, users can access single-sided APY on a wide range of tokens, encouraging portfolio diversification and growth.
Liquidation and Insurance Mechanisms
To safeguard positions, Ithil features a comprehensive liquidation system designed to close positions that are losing excessively. This system ensures the stability and security of user investments. Additionally, the platform includes an insurance reserve to further protect depositors. This dual-layer protection mechanism enhances user confidence, allowing them to earn APY by depositing whitelisted tokens securely.
Innovative Investment Strategies and Tools
Ithil enables portfolio growth with one-click investment strategies, simplifying the investment process for users. It allows for the purchase of on-chain assets and the repayment of debt over time, offering flexible financial solutions. Furthermore, the platform supports NFT rentals for accessing guarded communities or Play2Earn games, adding a unique dimension to its investment tools. These innovative strategies help users maximize their returns and optimize their asset management.
Future Services and Planned Features
Ithil plans to expand its offerings with several innovative features. Among these are services akin to Aave for optimizing capital allocation in DeFi money markets and services like GMX to earn part of protocol trading fees with exposure to ETH. Additionally, Ithil aims to provide liquidity to any pool with single or multi-token leverage through Balancer + Aura and offer leveraged LPing on any Curve pool with farming rewards on Convex. Furthermore, the platform plans to introduce NFT mortgages for the acquisition of metaverse LAND or BAYC with monthly installments, addressing unmet needs in the digital real estate space.