Chedda is a multi-asset lending protocol. The protocol allows lenders to deposit a base currency to provide liquidity and earn interest. Borrowers can deposit various whitelisted tokens as collateral to take out the base currency. The protocol supports whitelisting both fungible and non-fungible tokens for use as collateral.
This opens up new options for unlocking liquidity in any tokenized assets including NFTs.
Chedda aims to be at the forefront of the push to unlock liquidity in all types of crypto assets.
The Chedda platform consists of the following:
- 1.Isolated lending pools.
- 2.Staking rewards
- 3.On-chain governance through VE token.