Envision a delicate glass structure, sparkling with promise but prone to shatter at the slightest tremor. This glass structure mirrors our current financial systems, built on the shaky ground of fractional reserve banking. It stands tall until the day everyone seeks to claim their funds simultaneously.
Then, much like shattered glass, the system falls apart.
Now, imagine a world where the fragility of glass is replaced with the strength of steel. This is the world Ethos Reserve Note, or $ERN, is forging. A world where finance is not a tightrope walk, but a secure path. A world of “extreme resilience, naturally.”
The heart of $ERN’s strength lies in its backbone — decentralization. Unlike typical currencies, $ERN is a stablecoin underpinned by solid giants of the crypto world, Bitcoin and Ethereum. These decentralized assets provide a robust foundation, unperturbed by the uncertainties of traditional economies.
$ERN offers more than just stability. It opens the gates to sustainable wealth generation for its stakers, breaking free from the traditional traps of fast money and quick losses.
Furthermore, $ERN provides a shield for those grappling with debt. It enables efficient management of multiple collateral types. Your assets remain yours, secure and intact, regardless of how the market waves crash.
Additionally, $ERN breaks the shackles of growing interest on loans. It presents a world where loans are free from the weight of accumulating interest, only necessitating a minimal fee. A world where financial hurdles are lowered for all.
Ethos Reserve and $ERN aren’t just a new form of finance, but a new philosophy altogether. A philosophy centered around decentralization, resilience, and fair opportunity. It’s about stepping away from the fragile glass structure and moving towards a steel fortress. It’s a vision of a financial future where stability isn’t an exception but the rule.
With $ERN, we’re not just dreaming of resilience, we’re living it. Naturally.
Ethos Reserve is a decentralized lending protocol that allows users to take out interest-free loans against collateral such as BTC and ETH. Loans on Ethos Reserve are paid in Ethos Reserve Notes (ERN), a stable asset pegged to the US Dollar. Collateral backing ERN is used to generate passive yield, which is directed toward Stability Pool depositors. These depositors secure the protocol against unhealthy collateral by depositing their ERN tokens into a pool which liquidates unhealthy positions within the system.
Ethos Reserve is a decentralized lending protocol that allows users to take out interest-free loans against collateral such as BTC and ETH. Loans on Ethos Reserve are paid in Ethos Reserve Notes, or ERN, which is a stable asset pegged to the US Dollar.
Loans drawn from Ethos Reserve require users to maintain a minimum amount of collateral in the system to cover their debt. These collateral ratios are as low as 108% for ETH, 120% for BTC, and 130% for OP, and may be lowered over time depending on usage.
Collateral backing ERN is used to generate passive yield, which is directed toward Stability Pool depositors. These depositors secure the protocol against unhealthy collateral by depositing their ERN tokens into a pool which liquidates unhealthy positions within the system.
