# Decentralised Money Market

### A community governed lending protocol. <mark style="color:green;">Earn-Borrow-Lend</mark> decentralised money market.

* Borrow supported cryptocurrencies and stable-coins on BNBChain
* Lend supported cryptocurrencies and stable-coins to earn a variable APY
* Community governance Circle token. Created to govern the protocol through decision power and earning for DAO members.

<figure><img src="/files/V5tGfLvWd5Tid9pOOKEY" alt=""><figcaption></figcaption></figure>

#### <mark style="color:green;">Lending, borrowing</mark>

Circle allows investors to lend their cryptocurrencies to different borrowers. This way, they will get interest payments in exchange, earning from variable APYs. Circle users may supply various supported cryptocurrencies onto the platform, which can be used as collateral for loans, supply liquidity and earn an APY.

*When depositing crypto to a lending platform, users can earn a generous amount of interest on those deposits, often more than traditional banks can. The deposited funds are lent out to borrowers that pay for a portion of that interest, and funds can also be alternatively invested to earn additional yield.*

Circle (borrow) crypto loan allow users provide crypto holdings  as collateral in exchange for liquidity from a lender.

Users who want to borrow any of the supported cryptocurrencies, stablecoins from Circle will pledge collateral that will be locked on the protocol. These collateral ratios are determined by the protocol through governance (CircleDAO).

#### <mark style="color:green;">Circle token (CIRCLE) and Trading</mark>

<figure><img src="/files/xqk6EM17OY2dUFqV2wLu" alt=""><figcaption></figcaption></figure>

CircleDAO is governed by the Circle Token (CIRCLE).\
CIRCLE is created with economic benefits for the project, released through presale for members. The token will be available through the launchpad and can only be earned from trades after. With 0 tax transactions fee, the token is distributed technically to fit allocations needed for sustainable growth.&#x20;

**Token distribution:** Initial 45% of the total supply of 50,000,000 (22,500,000 CIRCLE) allocated to the launchpad for token presale and initial liquidity. 10% (5,000,000 CIRCLE) is allocated for Market resource defeating the purpose of additional fees. 30% (15,000,000) allocated for the protocol, 10% reserved and 5% (2,500,000) remainder for the team.&#x20;

{% hint style="info" %}
Token allocations lock and vesting details are defined on the launchpad.
{% endhint %}

#### <mark style="color:green;">Circle DAO (Governance)</mark>

CircleDAO has been designed to give community control and decision power over the protocol. To create a proposal, a proposer will need decided amount of CIRCLE tokens. CircleDAO will oversee adding new cryptocurrencies to the protocol, adjusting variable interest rates for all markets, Voting on protocol improvements/proposals and more introduced features.

Circle runs on BNBChain confirming no congestion, no high blockchain fees. Circle token is deployed on BNBChain.

<figure><img src="/files/3QEub7lEBqg9nRszLjH6" alt=""><figcaption></figcaption></figure>


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