Timeswap
Timeswap is the initial completely decentralized lending and borrowing protocol in DeFi. Timeswap allows the unrestricted establishment of lending and borrowing markets for any pair of ERC-20 tokens through a 3-variable AMM – (x+y)z=k. Timeswap offers fixed-term lending and borrowing of ERC-20 tokens at a predetermined rate. Since Timeswap is free from oracles, it removes the risk of oracle manipulation hacks that affect current money markets. To enhance capital efficiency for borrowers, Timeswap offers loans that cannot be liquidated. Timeswap is a completely autonomous AMM that allows for Uniswap-style permissionless establishment of lending and borrowing markets for any token, thus providing extra utility for long-tail assets and enhancing capital efficiency in current lending and borrowing markets.
