Themis (TMS)

Themis Protocol is a Layer2 native crypto trading platform that uses historical NFT transaction data to provide collateralized lending of NFTs.

Whitepaper

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Interest lvl

Medium

Updated: Jan 14, 2022

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User Rating

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5/5 • 3 votes

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Ticker

TMS

Type

Utility-token

Token standard

ERC20

Registration year2021

Launchpads

Daomaker

What is Themis

Themis Protocol is a decentralized crypto lending protocol that provides collateralized lending of NFTs through historical NFT transaction data. Themis itself is a set of DeFi protocols developed based on smart contracts that allow users to lend, borrow, stack yield, auction and leverage UNI-V3 NFTs. Something that’s never been done before.

UNI-V3 NFT Collateral

Themis Protocol can easily access the asset prices in UNI-V3 and use them as a basis to provide collateralized lending of corresponding value, and when the user defaults on the loan, the NFT will be executed to withdraw, which can ensure the safety of the Lender's principal. This solution can also provide UNI-V3's market makers with leverage tools and access to the Vault pool.

Yielding Farming

Themis's NFT collateralization scheme is no longer limited to the liquidity expectations of the inner-loop collateralization and new output token but provides normal collateralized lending. For risk diversification, the risks and returns of each post-collateralization segment are expected. Asset prices for collateralized lending on Themis will be more stable, creating a whole new pool of incentives through Token's incentive and forfeiture rules.

Risk Management

Themis Protocol adopts a simple risk control model. By evaluating the three elements of asset liquidity, safety, and profitability, risks are dispersed to all aspects of governance to resist systemic risks.