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What is Tashi?
Tashi is an algorithmic, non-custodial borrow and lend protocol built on Evmos, an interoperable EVM within Cosmos.
Tashi Markets, the revolutionary platform, provides users with a seamless and empowering experience to participate in various financial activities such as lending, borrowing, and earning block rewards using their digital assets. By offering a comprehensive suite of features, Tashi empowers individuals to maximize the potential of their assets and engage in the decentralized finance (DeFi) ecosystem.
At the heart of Tashi's offerings is its ability to generate block rewards for depositors. Users who provide liquidity into the protocol are rewarded with block rewards, allowing them to earn passive income while contributing to the overall liquidity of the platform. This incentivizes individuals to actively participate and contribute to the growth of the ecosystem.
Furthermore, Tashi enables borrowers to access funds in an over-collateralized manner. By utilizing their supplied assets as collateral, borrowers can securely and efficiently obtain the necessary funds they require. This mechanism ensures the safety and stability of the lending process while providing borrowers with flexibility and accessibility.
One of the key advantages of Tashi is its permissionless nature. Any user can freely join the platform and take advantage of its features without requiring prior approval or authorization. This openness fosters inclusivity and democratizes access to financial services, enabling individuals from diverse backgrounds to participate in DeFi.
Tashi's liquidity market provides instant supply and withdrawal capabilities, allowing users to seamlessly manage their assets. Users can easily contribute their assets to the pooled liquidity market and withdraw them whenever needed, ensuring flexibility and liquidity management in real-time.
In addition, Tashi's borrowing feature enables users to instantly access funds from the liquidity market, utilizing their supplied assets as collateral. This efficient process eliminates the need for complex loan applications or credit checks, making it accessible to a wide range of users.
By leveraging its extensive market data, Tashi offers a live and transparent view of interest rates around the clock. Users can monitor and track interest rates based on the market's supply and demand dynamics. This real-time information empowers users to make informed decisions regarding their assets and maximize their earning potential.
To enhance user experience, Tashi provides personalized notifications about deployed positions in real time. Users receive instant updates and alerts about their positions, ensuring they stay informed and in control of their financial activities.
Tashi Markets revolutionizes the DeFi landscape by empowering users to seamlessly engage in lending, borrowing, and earning block rewards with their digital assets. Through its permissionless nature, instant supply and borrowing capabilities, transparent interest rate tracking, and personalized notifications, Tashi offers a comprehensive and empowering platform for individuals to participate in the world of decentralized finance.
Funds are administered by Smart Contracts.
Although it is impossible for any blockchain protocol to provide an absolute guarantee of total risk avoidance, it is crucial to recognize and address the potential risks that may be associated with such protocols. These risks primarily revolve around vulnerabilities in Smart Contracts and the potential for liquidation. However, the Tashi development team responsible for the protocol takes a proactive approach towards mitigating these risks by consistently performing comprehensive audits and upholding transparency through the utilization of a public and open-source protocol.
By acknowledging the inherent limitations of blockchain technology, it becomes evident that eliminating all risks is an unattainable goal. Nevertheless, it is essential to adopt a cautious mindset and thoroughly evaluate the potential hazards that might arise when engaging with blockchain protocols. Among the most notable risks are those linked to Smart Contracts, which are self-executing agreements with the terms of the agreement directly written into code. Flaws or vulnerabilities within these contracts can potentially lead to unintended consequences or malicious exploitation.
Another risk factor worth considering is the possibility of liquidation, which refers to the forced sale of assets to repay outstanding debts. In some blockchain protocols, particularly those involving decentralized finance (DeFi), users may lock their assets as collateral to access loans or participate in liquidity pools. If the value of the collateral decreases significantly, there is a chance that it may fall below the required threshold, triggering an automatic liquidation process. This can result in the loss of the locked assets or a reduction in their overall value.
However, it is important to highlight that the Tashi team responsible for developing and maintaining the blockchain protocol is fully aware of these risks and actively takes measures to minimize them. One of the key strategies employed by Tashi is the undertaking of thorough third party audits. These audits involve a comprehensive review of the protocol's codebase and associated Smart Contracts to identify and rectify any potential vulnerabilities or weaknesses. By engaging in these audits, the Tashi development team can significantly enhance the security and reliability of the protocol, thereby reducing the likelihood of risks materializing.
Furthermore, a significant aspect of risk management in blockchain protocols lies in transparency. By embracing a public and open-sourced approach, the Tashi development team ensures that the protocol's code, documentation, and decision-making processes are accessible to the public. This transparency allows external experts and community members to scrutinize the protocol, identify potential risks, and provide valuable feedback. It also fosters a sense of trust and confidence among users and stakeholders, as they can monitor the protocol's operations and governance mechanisms.