MoneySwitch is an uncollateralized lending protocol on the Ethereum blockchain which establishes a liquidity pool for the purpose of borrowing and lending assets (in the form of stable coins). The liquidity pools (one for each stablecoin) are designed to provide approved borrowers instant access to liquidity at fixed interest rates which is paid to lenders. Negotiation of terms such as maturity, interest rate, or collateral is not required. The protocol creates a transparent, publicly-inspectable ledger, with a record of all transactions.
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