Yield farming of Cheese Bank lending platform officially launched

Preface:Cheese Bank,Cheese for everyone in DeFi.

So far, the decentralized technology has almost realized the ideal of “code as law” based on the concept of open and inclusive, the characteristic of transparency, openness, censorship, and unforgeability. Innovative protocols such as Maker Dao, Compound, AAVE, UniSwap have brought countless investment feast for the pioneers in this field. However, there are still some previously neglected links in the gradually enriched DeFi ecology, such as how to improve the asset utilization rate, how to make the LP tokens created by AMM obtain more usage scenarios, and how to connect the real assets to the DeFi world…Based on the above thinking, Cheese Bank came into being.

About Cheese Bank

Cheese Bank is a decentralized autonomous digital bank based on a decentralized protocol on Ethereum which helps digital currency investors to manage asset, including lending, fund management, insurance services and so forth. Cheese Bank will start with some innovative functions from DeFi lending, gradually launching digital funds, insurance and other businesses. In the future, we will issue S series exclusive token with digital banks who have legal financial license, which will make Cheese Bank become a bridge between real assets and the DeFi world. In addition, unlike other existing DeFi projects, Cheese Bank is a completely decentralized one. The team does not own any initial tokens, and the community will jointly implement voting governance in the future.

Innovative DeFi lending service will be launched as the first step.

How could Cheese Lending Protocol develop innovative DeFi lending service?

Time flies and the market is rapidly iterating, but the existing DeFi lending platforms are still limited by the mode of over-collateralization, and only support mainstream digital assets as collateral, which has been unable to meet the diversified demands of users. Furthermore, it is not conducive to the circulation of thousands of currencies in the industry and the real-world high-quality assets. As the most brilliant scenery of DeFi in the past, DeFi lending seems to become declining.

DeFi Lending won’t stop moving, Cheese Bank hopes to innovate mechanism and create a lending platform that everyone can benefit from:

  • Phase Ⅰ, start yield farming — deposit as farming (support both “single currency” and “LP tokens” to deposit ) and give a warm welcome with generous Cheese token incentives to appeal more community members ;
  • Phase Ⅱ, launch the lending service and innovative the liquidity pool (LP) token collateral mechanism. The LP token of each platform can be used as collateral in Cheese Lending Service. The LP token collateral mechanism is innovated and improved to promote the circulation of asset, so as to greatly improve the asset utilization rate;
  • Phase Ⅲ, launch the mechanism of lending liquidity pool customization- just like Alibaba in the field of DeFi lending, everyone can freely customize the lending liquidity pool and take what they need; launch the mechanism of mortgage in freedom — users with cheese token can freely choose and participate in the lending of any asset, and according to the consensus of community, the mortgage rules of the lending liquidity pool can be freely designed. Community dominates the whole lending liquidity pool, and truly realize the goal that any asset can be mortgaged and borrowed to promote the circulation of more currencies. Furthermore, realistic high-quality assets can be mortgage in Cheese Bank.

Yield farming of Cheese Bank lending platform

The token “Cheese” is issued by Cheese lending protocol which was belonging to decentralize digital Cheese Bank, and the total circulation is 10 million.It is a decentralized ERC-20 blockchain digital asset issued on Ethereum.

Phase I:2020.09.30— — 2020.10.15(UTC+0)15 Days

The first stage of the project is the initial stage of community construction. In order to let more users understand and participate in the construction of cheese community, more incentive cheese tokens will be released — — 200,000 Cheese tokens released per day.A total of 3 million tokens will be released.

Phase II:2020.10.15 — — 2021.01.23(UTC+0)100 days

In the second stage of the project, the lending service will be gradually launched, and the system will readjust the reward for the release of cheese token, 20,000 cheese tokens will be released every day. A total of 2 million tokens will be released.

Phase III:Begin at 2021.01.23(UTC+0)

In the third phase of the project, the system will adjust the reward for the release of cheese tokens again, a total of 5 million will be released.

*Due to the time difference and the slight change of ETH network block-time, the specific time shall be subject to the actual release.

Phase Ⅰ#Single Currency# deposit- farming launching rules

Phase Ⅰ#LP Tokens# deposit- farming launching rules

*Currently, UniSwap LP token is supported, and more platform LP token will be launched soon.

In the future, Cheese Bank will gradually launch a series of services, including lending, fund management, insurance services to build a sound financial ecology. The charm of DeFi lies in consensus and autonomy, Cheese Bank hopes to create a cheese for everyone, so as to lead mankind to a freer, more equal and better coast through this charming DeFi technology wave . We are honored to participate and proudly invite you to work together to create a brilliant era of DeFi.

Cheese for everyone!A autonomous digital bank based on a decentralized protocol on Ethereum. Innovative defi-lending service will be launched as the first step.

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