Acorn FinanceThe low-fees, minimal-slippage decentralized exchange on ThunderCore that you’ve all been waiting for.
What is Acorn Finance
Inspired by Curve Finance and Belt, Acorn Finance is an exchange designed to deliver stablecoin trades with the best rates.Stablecoins are an important asset class in the world of Defi. However, users trading stablecoins on TTSwap often suffer from large slippage, which discourage trading activities. In order to solve this problem, we’ve decided to launch a better exchange for stablecoins: Acorn Finance.
Acorn UIHere are some upcoming features for Acorn Finance:
- Low slippage in stablecoin swaps
- Lowest transaction fees on ThunderCore
- Strategies that help investors generate more income
What is ACORN
The ACORN token is an TT-20 token that powers Acorn Finance. ACORN is an inflationary token with a built-in burning mechanism. The owners of ACORN will be able to share protocol profit.
IFO Farming Details
Pre-Farm start time: Approx. 6am UTC on Jul 19th 2021 – start staking RAM-TT LP tokensFarming start time: Approx. 6am UTC on Jul 20th 2021 – start to earn ACORN rewardsEnd time: Approx. 6am UTC on Aug 3rd 2021 – farming ends
To participate in the IFO:
- 1.While the farming is live, stake your RAM-TT LP tokens to farm ACORN at Ram’s staking page.
- 2.You can harvest ACORN at any time to withdraw yields back to your wallet
Please note — while you are holding RAM-TT LP tokens you will be at risk of Impermanent Loss.
What is DeFi?
DeFi applications aim to recreate traditional financial systems, such as banks and exchanges, with cryptocurrency. Most run on the Ethereum blockchain.
The difference is that DeFi apps operate “without a central service exercising control over the entire system,” said John Wu, president of Ava Labs, a team supporting development of DeFi applications on the Avalanche blockchain.
Through DeFi lending, users can lend out cryptocurrency, like a traditional bank does with fiat currency, and earn interest as a lender. Borrowing and lending are among the most common use cases for DeFi applications, but there are many more increasingly complex options too, such as becoming a liquidity provider to a decentralized exchange.
Interest rates are typically more attractive than with traditional banks, and the barrier to entry to borrow is low compared with that of a traditional system. In most cases, the only requirement to take out a DeFi loan is the ability to provide collateral with other crypto assets. Users can sometimes offer their NFTs, or nonfungible tokens, as collateral, for example, depending on the DeFi protocol used.
However, these factors also contribute to why DeFi is much riskier than a traditional bank.
Acorn Finance Demo (Formerly Headway)
Home improvement contractors could generate 30-50% more revenue when they provide financing options to their customers. However, 90% of contractors aren’t using these financing programs because they involve a ton of paper work and/or carry dealer fees. At Acorn Finance (formerly Headway) is several lenders compete to your customers best loan terms.