TL;DR: Yuzu is live on Horizen EON, opening up opportunities for borrowing, lending, and yield farming (soon)!
Yuzu is a non-custodial decentralized liquidity market protocol that enables users to deposit or borrow crypto assets securely. Depositors provide liquidity on Yuzu, while borrowers can take out overcollateralized or undercollateralized loans.
Yuzu is the first crypto lending platform to launch on Horizen EON. With this integration, Horizen EON users can now utilize the following features:
- Lending: Deposit crypto assets and earn interest/yield
- Borrowing: Take out loans on crypto assets instantly (collateralized and uncollateralized)
- Yield Farming: Yuzu is launching an innovative staking program on Horizen EON in Q1 2024
“As a DeFi enthusiast and Horizen community member, I am pleased to see Yuzu go live in our ecosystem. This integration enables Horizen EON users to access a wide range of DeFi capabilities, and furthers our mission of creating a robust ecosystem”.
Rob Viglione, Co-founder of Horizen
Yuzu is a decentralized non-custodial liquidity market protocol that offers lending and borrowing services on EON. It enables crypto users to fully utilize their assets for idle yield farming. Users can earn interest by supplying assets into Yuzu’s lending pools or taking out instant crypto-backed loans using collateral.
About Horizen EON
Horizen EON is an EVM-compatible smart contracting platform and the first of many smart contract sidechains in the Horizen ecosystem. Horizen EON allows developers to efficiently build and deploy decentralized applications (dapps) on Horizen while benefiting from EVM compatibility. Horizen EON is built with scale and user experiences in mind, on Horizen’s powerful horizontally scaling protocol, Zendoo.