ERNE Finance, Farm $ERNE, put it as collateral to Mint eUSD, Lend eUSD and earn yield.

Decentralized Finance (DeFi) has been the fastest-growing sector within the cryptocurrency space, and for very good reasons — people have realized that most if not all traditional financial services can be built on blockchain infrastructures.

The main benefit of DeFi is that end-users don’t have to trust any central authority. It is the smart contract that takes care of everything. Thus, the power of banks and omnipresent financial institutions, which unfortunately are often inclined to manipulation and excessive control, is transferred to the masses.

We have seen several DeFi projects experiencing tremendous success in the past few months. Think about lending protocols e.g. Aave and Compound, synth trading platform Synthetix or decentralized token swap protocol Uniswap.

Still, the DeFi space at a nascent stage and there are many challenges to address. There is a lot of fragmentation, uncoordinated moves and narrow use cases.

Under these circumstances, we’d like to introduce ERNE, an interconnected DeFi ecosystem hosting a series of complimentary DeFi protocols within an ecosystem including decentralized automated market marking, minting stablecoins and synthetic assets, decentralized exchange (DEX) for derivatives, lending and borrowing, insurance, and non-fungible token (NFT) marketplace.

Also, unlike most DeFi projects, whose native tokens have very limited use cases, ERNE is operating an eponymous token that has multiple cases that are contributing to its value. In a nutshell, the ERNE token has the following features:

Token holders can use ERNE as collateral to mint the eUSD — the project’s native stablecoin — along with other synthetic tokens.

ERNE holders are entitled to a portion of all revenue generated on the ecosystem. The revenue is automatically routed to a treasury and then allocated to holders.

All decisions on the ERNE ecosystem, such as future projects or change in modus operandi, will be achieved through voting of ERNE holders, so it acts as a governance token.