Ruler Protocol: rcToken/TRIBE SLP reward activated
DeFi lending platform Ruler Protocol announced on Twitter that users can now take TRIBE. Each week, 50 RULERs will be distributed as rewards to liquidity providers who pledge LP tokens. Rewards for pledging rcToken/TRIBE to SLPs are now activated.
Earlier, Ruler Protocol announced the launch of an experimental "borrowing" pool. This pool will allow users to use DAI as collateral to borrow TRIBE tokens. There is no liquidation risk, but the loan must be repaid before maturity. It will still consist of borrowers, lenders and liquidity providers.
The borrower uses DAI as collateral;
Lender lends TRIBE;
LPs provide rcToken+TRIBE for the SushiSwap pool;
