In the dynamic world of cryptocurrencies, early detection of promising projects can lead to significant gains. Timeswap stands out as a pioneering protocol in oracle-less lending and borrowing for ERC-20 tokens, eliminating common risks associated with oracle manipulation in DeFi. It operates on platforms such as Arbitrum and Polygon, offering various features like user-driven pricing and risk management processes, which negate the need for oracles, thus protecting the protocol from oracle manipulation attacks.
Timeswap allows anyone to create markets for any ERC-20 token, enabling participants to lend, borrow, and provide liquidity freely. Borrowers benefit from non-liquidatable loans, avoiding constant liquidation threats. All lending and borrowing activities are bound to a predefined loan term and fixed interest rate, providing certainty and transparency. Despite fixed terms, users can exit their positions early, potentially affecting prices.
Each lending and borrowing pool in Timeswap operates in isolation, containing risks within a single pool and preventing participants from being affected by other pools’ outcomes. The protocol’s design prevents low-collateral loans at any time and price, enhancing security and stability for lenders. Protocol-level parameters such as fee keys and token distribution can be altered through governance when the TIME token is in operation.
Dolomite differentiates itself by facilitating secure trade agreements and providing over-collateralized loans without taking custody of users’ funds. It offers features like margin trading through AMM pools and spot settlement. With a broader vision, Dolomite aims to become a hub for DeFi activities, enabling various entities to manage portfolios and execute strategies on-chain efficiently.
Dolomite raised $2.5 million in a funding round led by Draper Goren Holm and NGC Ventures in May 2023 and has formed strategic partnerships with industry leaders. Although Dolomite does not currently have its own token, it introduced “voting-focused ARB” or vARB, allowing holders to participate in governance voting on the Arbitrum network while keeping its value consistent with ARB, avoiding liquidation risks. Dolomite’s approach to DeFi focuses on user-centric features and seamless interaction with unique platform capabilities.