Minterest Whitepaper v1.31
  • The Minterest Lending Protocol
  • Lending Protocol Architecture
  • Protocol Overview
  • Current DeFi Limitations
    • 1. DeFi’s New Reality
    • 2. Performance Value
    • 3. Emission Reward Structures
    • 4. External Liquidators
  • Minterest’s New Model
    • Summary
    • Fee Value Capture
    • The Network Effect
    • Platform Optimisation
    • Supply-Borrow User Experience
    • Tokenomics
  • Core Protocol Functions
  • Other Protocol Settings
    • Utilisation Limit
    • Utilisation Ratio
    • Buyback Flow
    • NFTs
  • Launch Phases
  • Governance
    • Anti Money Laundering Functionality
    • Strategic Reserve
  • Minterest Emission Rewards
    • Emission Rewards
    • Standard Rewards
    • Governance Rewards
    • NFT Rewards
    • Buyback Rewards
    • Loyalty Rewards
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  1. Minterest’s New Model

Summary

Minterest improves on current DeFi lending protocols.

  1. Using auto-liquidations Minterest captures 100% of protocol fee value, more than any other, while minimising impacts on borrowers.

  2. Protocol value is transferred via buyback mechanisms to users as Governance Rewards, incentivising users to stake MINTY and participate. Longer-term participation earns increased voting weight, leading to an increased proportion of rewards.

  3. The protocol accumulates MINTY Governance Rewards in its Strategic Reserve causing long-term on-market scarcity. This supports demand for MINTY, which is instrumental in supporting the long-term value of emission rewards.

  4. Increasing the value of emission rewards supports the attraction of further TVL, leading to greater opportunities for protocol to capture fee value which in turn increases buyback value.

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Last updated 1 year ago