Fuji DAO First De Fi Borrowing Aggregator You Tube

Fuji DAO First DeFi Borrowing Aggregator Description: Fuji DAO aims to optimize loan expenses for DeFi users. The protocol achieves this by constantly monitoring borrow markets and whenever there is a better rate, it automatically refinances the whole pool of debt. The advantages of Fuji compared to interacting directly with a base protocol are: cost optimization minimize the interest paid by borrowers, economics of scale pooling funds together reduce the transactional costs by sharing fixed costs, timesaving removal of constant attention users need to pay to find optimal rates, smooth UX manage easily all debt positions from one place, Fuji DAO creates vaults where users deposit a single asset as collateral and borrow against it another asset. For example, in the ETH, DAI vault, users deposit ETH and borrow DAI. Thus, isolating debt positions allows for better risk management and the most effective interest rate optimizations. When users borrow from a Fuji vault, the needed liquidity gets