Getting Started to Aeroscraper
This page will tell you about the main scope of Aeroscraper.
What is Aeroscraper
Empowering you with autonomy and direct transactions.
Interest-free, over-collateralized stablecoin and DeFi loans.
Fully automated and governance-free.
The protocol only charges a one-time fee. Deposit collateral and access loans in stablecoins pegged to the US dollar.
Aeroscraper allows users to deposit collateral and get loans in stablecoins pegged to US dollars. Aeroscraper has a 0% interest rate that charges users a one-time fee, instead of charging a variable interest rate for taking out loans.
What are the main benefits of Aeroscraper?
Aeroscraper offers the best borrowing terms on the market and its main benefits are:
0% interest rate
Only a 115% coverage rate
No management is required - all operations are algorithmic and fully automated
Direct redeemable – stablecoin can be redeemed at face value for underlying collateral anytime and anywhere
Censorship resistant - protocol not controlled by anyone
How does Aeroscraper get the price feed of tokens?
Thanks to Pyth Oracle, Aeroscraper will get the latest price feeds of collateral tokens. This is important because, without a solid oracle provider, Aeroscraper does not calculate the correct collateral ratio of troves. But thanks to Pyth, this will not happen.
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