Neptune Finance Sets New Standards with Highest Real-Time Stablecoins Lending Rates

Neptune Finance Shines in Lending Competition

Bangkok, Thailand, 14th November 2024, Chainwire

Today, Neptune Finance (Neptune), a credit network lending protocol, announces the first month results of the rates competition study for the period of 8 October to 8 November. Neptune comes up in first position with a performance of 2.5x for USDT and 1.8x for USDC compared to the second placed platforms, successfully proving their interest rate mechanism is the best in the industry.

These results demonstrate that Neptune provides the highest efficiency at 20% APY for users.

Competitive Analysis and Insights

Last month, 100 USDC and 100 USDT each were deposited into 10 platforms including Neptune, and other competitors. The competition study is aimed to determine the performance and user value of the top 10 DeFi lending platforms and can be tracked in real-time.

Chad Cutshall, CEO of Neptune Foundation, stated: “We have been committed to providing the highest value to our users through our innovative features. It is a real testament to the team’s hard work that the results have shown Neptune having the most competitive rates in the industry.”

Innovative Lending Protocol

With the use of the innovative Neptune PID controller, the interest rate curve is dynamically adjusted based on its proximity to the target, achieving consistent utilization, even throughout rapid market volatility. Neptune aims to be the highest efficiency operating protocol for DeFi service providers.

Looking Ahead

The Neptune team is continuing the work on enhancing user benefits. The updated Neptune roadmap recently released focuses on generating bigger potential yields, enhanced security, and broader adoption. Upcoming milestones include access to flash loans, capacity for account health boost, and access to advanced data and analytics.

About Neptune Finance

Neptune Finance is a next-generation credit network designed to provide capital efficiency for lenders, borrowers, and DeFi service providers. With the innovative Neptune PID controller, the interest rate curve is dynamically adjusted creating a narrower spread between lend and borrow rates.