Sei โ™’๏ธ Profile picture
Sep 20 โ€ข 5 tweets โ€ข 2 min read
๐Ÿ“ข OctoSei RFP no. 4 ๐Ÿ“ข

We're partnering w/ @Cryptocito @strangelovelabs and @Galileo_xyz to lay out great developer opportunities. Our team can provide engineering help and offer VC funding for strong teams.

This week we're highlighting Lending and Borrowing Image
Lending and borrowing continues to be a steady, core function in DeFi that provides the bedrock for a variety of other activities

dYdX and Sei launching on Cosmos over the next few months will lead to a burst of derivatives activity.
One of the core ingredients for high quality derivatives is seamless, cross margining.

Sei will work with a core lending solution to offer tightly integrated margining across the derivatives apps built on Sei, offering an experience that rivals CEXs.
Sei's Mission:

๐Ÿ™ Give #DeFI protocols an unfair advantage

๐Ÿ™ Create a robust ecosystem tailored for trading

๐Ÿ™ Foster innovation and push the boundaries on what on-chain borrowing and lending can do
If you're interested in building on Sei or anything in our RFP, fill out this form. We'd love to help out in any way.

docs.google.com/forms/d/e/1FAIโ€ฆ

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More from @SeiNetwork

Sep 20
1/ @UXDProtocol is launching its capitally efficient, algorithmic stablecoin, $UXD, on Sei.

What is UXD? How does it work? What does this mean for Sei? Weโ€™ll answer all these questions in the ๐Ÿงต ๐Ÿ‘‡
2/ Stable coins are an absolute necessity for the entire crypto ecosystem.

CEXs and DEXs are denominated in stable-coins and their volume often exceeds BTC volumes and ETH volumes.

UXD is a decentralized, capitally efficient, and a peg-stable asset.
3/ UXD is an algorithmic stable coin that leverages the very infrastructure they were created for ๐Ÿ‘‡

User deposits $10 of $BTC and receives 10 $UXD (1 UXD = 1 USD)

Protocol shorts $10 of BTC via perpetual swaps to hedge market exposure

User can always redeem UXD back for BTC
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