PWN Protocol, a well-known permissionless, fixed-rate, and peer-to-peer lending platform, has recently announced its latest partnership with Celo, a popular blockchain-based ecosystem. The main purpose of this collaboration is to provide fixed-rate lending services for Ethereum L2 ecosystems. The platform took to social media to share this groundbreaking initiative with the community.
PWN Protocol Announces Launch on Celo to Offer Fixed-Rate Lending Services
As per PWN Protocol’s announcement, the platform is collaborating with Celo to let the consumers leverage peer-to-peer lending while enjoying fixed-rate yields via the stablecoins. PWN Protocol has gained a significant position for following a cutting-edge approach to liquidation-free and uncollateralized loans. The platform is continuously expanding its footprint across the diverse Web3 ecosystems. The current integration with Celo is another step in PWN Protocol’s journey to provide flexible and accessible credit solutions.
The partnership between PWN Protocol and Celo facilitates borrowers, lenders, and builders in the regions not touched upon by the conventional financial infrastructure. Hence, both the platforms are committed to delivering flexible credit as well as liquidation-free loans. The L2 upgrade of Celo positions the platform among the top Ethereum-compatible rollups. It pays considerable attention to climate-conscious blockchain activities, fast finality, and mobile accessibility to increase user convenience.
Apart from that, this collaboration is a noteworthy development to fulfill the shared vision of both the entities. Together, they intend to broaden economic opportunity while also strengthening consumers across the globe via decentralized finance. Particularly, with PWN Protocol, the consumers can create modifiable loan agreements between peers without any mediator. Additionally, the borrowers have the ability to post terms and assets for review. Likewise, lenders are allowed to offer capital at their suitable fixed rates.
Driving Accessibility, Sustainability, and Inclusivity in Worldwide DeFi Landscape
According to PWN Protocol, the partnership with Celo offers an advanced model that minimizes counterparty risks while also opening new ways to more advanced financial services. Moreover, these services do not depend on volatile collateral restrictions or automated liquidations. Furthermore, launching on Celo not just widens PWN Protocol’s accessibility, but also advances the DeFi sector on an ecosystem that prioritizes worldwide financial inclusion and sustainability, inclusivity, and user-friendliness.
