$BOWL is a peer-to-peer and non-custodial Lending Platform that aims to become one of the leading ones on the upcoming Shibarium Ecosystem.
But how does a Lending Protocol works? In short words, imagine that users and investors will be able to deposit Shiba-related tokens such as $SHIB, $BONE, $LEASH, $BOWL, $PAW and by doing so, they will manage to borrow USDC.
By borrowing USDC, whales and long term holders will:
a) do not need to necessarily sell their tokens to access stable funds;
b) do not cause price impact or sell offs;
c) be able to capitalize on two ways, by compounding staking their deposited funds AND by managing their borrow capital (of course, if well done).
Chart :
https://www.dextools.io/app/en/ether/pair-explorer/0x644a76d2c5e8eb385ada69d15f46c8f0dc3de825
Telegram :
https://t.me/BowlShibarium
