Growth DeFi

Main Network
0.0
0 Ratings
Edit This App
The main functionality of the gcToken Type 1 contract is leveraging. The contract incorporates a logic to mint cDAI and use it to borrow DAI. The new DAI is then used again to mint more cDAI which in turn is used to borrow more DAI. This cycle is repeaded until we reach the point where the difference between the total amount of DAI used to mint cDAI and the total of DAI borrowed is closed to the actual amount of DAI carried by the reserve.
Growth DeFi
0.0
0 Ratings
Main Network
Details
Screenshot
Social
The main functionality of the gcToken Type 1 contract is leveraging. The contract incorporates a logic to mint cDAI and use it to borrow DAI. The new DAI is then used again to mint more cDAI which in turn is used to borrow more DAI. This cycle is repeaded until we reach the point where the difference between the total amount of DAI used to mint cDAI and the total of DAI borrowed is closed to the actual amount of DAI carried by the reserve.
View More
Website
Collect
Like
Share
Growth DeFi's Dashboards
On-chain
View Smart Contracts
Reviews 0.0/5.0     0 Ratings
No reviews yet. Be the first to post a review for Growth DeFi.
Rating and Reviews
Token Profile
Related Topic
Growth DeFi's Dashboards On-chain
Token Profile
Related Topic
Reviews 0.0/5.0     0 Ratings
No reviews yet. Be the first to post a review for Growth DeFi.
Rating and Reviews