The most popular Stablecoins anchor crypto to TradFi. Shark Markets anchors crypto to itself.
We’re on a mission to liberate the industry and empower it to flourish autonomously.
Coming soon, Shark Markets is a DeFi lending protocol powered by a decentralized Stablecoin that will be securely backed by the ecosystem it supports.
Here’s how it works...
We assess well-established and emerging crypto assets and digital RWAs to determine a credit rating that allows any asset to be used as loan collateral.
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Our on-chain protocol accepts any rated asset as loan collateral, expanding collateral asset support from the 30 or so “Blue-chip” lenders allow, to potentially thousands.
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Loans are made by issuing a Stablecoin backed by borrower assets, resulting in a functional, natively digital currency underpinned by the ecosystem it serves.
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Existing crypto-backed Stablecoins are great, but risk management is amateur (or unknown), asset support is limited and they are not structured with the crypto community’s best interests in mind.
Here are the key takeaways of how we do it differently...
Shark puts risk mitigation first, no more lending disasters crashing markets.
Shark can support hundreds of assets, not just a small selection of tokens.
Shark distributes all profits to the community, not just a tiny fraction.
We have the tech to create a new digital economy, where people own the infrastructure and reap the financial rewards but no one is doing it with the foundation of economics, money.
We believe people deserve better so we’ve taken it upon ourselves to do it how it should have been done in the first place.
If Stablecoins and lending protocols worked like Shark Markets, all of this could be going into user’s pockets:
Tether (USDT) profit Q1 2024
Largely generated by investing user’s dollars in government bonds (T-bills).
Cirlce (USDC) revenue in Q1 & Q2 2023
Mainly coming from interest on user’s dollars sitting in bank accounts, and T-bills.
Aave profit in last the 12 months
Derived from a cut of the lenders interest and fees when user’s assets are liquidated.
To make our vision a reality, Shark Markets is structured as a true DAO where the members decide the direction of the project and what happens with all the profits.
CHUM will be used for weighted voting on governance proposals to ensure the project is community-governed and democratic.
DAO members will decide on the use of profits. There are no special team or early investor payouts unless the DAO agrees.
In addition to the above, CHUM serves as a loyalty token, giving holders access to loans with discounted interest rates and more flexible repayment conditions.
Further information (Pitch Deck, Tokenomics etc.) available on request.
Please book a call with us.
