Polter POLTER Price

Polter Finance (POLTER) is a decentralized, non-custodial lending and borrowing platform operating on the Fantom blockchain. Created to fill the gap left by the shutdown of the $GEIST platform, Polter Finance offers similar services but with key improvements, including the disabling of flash loans to reduce risk for users. The platform allows users to deposit funds, which can then be lent out to earn a share of the interest charged to borrowers.

How It Works

Polter Finance operates by allowing lenders to deposit assets into pools, which borrowers can then access. Depositors earn interest on their assets, shared with stakers, and also receive $POLTER token incentives. Borrowers must provide collateral to take out loans, with the amount they can borrow determined by the Loan-to-Value (LTV) ratio of their deposited assets. Interest rates on loans adjust based on demand and the utilization of each asset pool.

Tokenomics and Rewards

Polter Finance incentivizes users with $POLTER tokens, distributed based on activity:

• Depositors receive interest and $POLTER rewards, which are vested for three months but can be withdrawn early with a 50% penalty.
• Borrowers also earn $POLTER tokens, vested under the same conditions as depositors.
• Stakers receive half of the interest generated by borrowers.
• Lockers earn rewards from penalties for early withdrawals and a share of platform fees.

These reward mechanisms are designed to maintain liquidity on the platform and provide a stable source of income for active participants.

Treasury and Stability Measures

Polter Finance maintains a treasury funded by team-held $POLTER tokens. The treasury acts as a safeguard against extreme market events, providing a buffer for the protocol in case of unexpected volatility. This fund also supports team expenses and can be allocated as bonuses.

Liquidation Process

Polter Finance enforces a “Health Factor” on all loans, which tracks the stability of a borrower’s position. If this factor falls below 1, the borrower’s collateral is partially liquidated to cover the debt, with an additional penalty applied. This system ensures the platform’s stability and protects depositors from default risks.

In Summary

Polter Finance offers a secure and decentralized alternative for users looking to lend or borrow assets on the Fantom blockchain. By prioritizing stability and incentives, Polter aims to create a more sustainable ecosystem for DeFi enthusiasts on Fantom.

What is unique about Polter (POLTER)?

Polter Finance is unique for its focus on security and stability by disabling flash loans, reducing risk for users, and offering a treasury safeguard for extreme market events. Unlike previous platforms like $GEIST, Polter enhances user protection and rewards depositors, borrowers, and stakers with vested $POLTER tokens.

Who are the founders of Polter (POLTER)?

The founders of Polter Finance have remained anonymous, emphasizing the decentralized nature of the platform and its community-first approach.

Where can I buy Polter (POLTER)?

 Aerodrome (Base)