Aquarius Loan

ARS Price

What is Aquarius Loan?

Aquarius Loan, or Aquarius, is a decentralized blockchain protocol that enables users to lend or borrow selected cryptocurrencies on the Core chain. It establishes money markets by pooling assets together and algorithmically setting interest rates based on supply and demand. To supply or lend crypto assets on Aquarius, users deposit their assets into the protocol, which are then aggregated into a liquidity pool. In return, users receive aTokens, which accrue interest over time. These supplied assets can also be used as collateral, allowing users to borrow from Aquarius, with the amount borrowable determined by the collateral factor of the deposited assets.

What makes Aquarius Loan unique?

Aquarius operates similarly to a bank but is more accessible, as it does not require users to provide personal or private information. Anyone with an internet connection and a crypto wallet, such as Metamask, can sign up and interact with the protocol. Additionally, Aquarius offers more attractive return rates compared to traditional banks, with up to 10% APY depending on the supplied assets, significantly higher than the 0.05% APY offered by traditional savings accounts.

What's the history of Aquarius Loan?

The Aquarius team launched the project in 2022 and formed a strategic partnership with CoreDAO, a DAO organization governing the Core chain, in July 2023. This partnership included an official grant to build a decentralized money market on the Core chain. In August 2023, Aquarius partnered with SushiSwap to launch its native token, ARS, marking the beginning of full-scale operations.

What's next for Aquarius Loan?

Following the token launch and the start of full-scale operations, Aquarius is expanding its ecosystem by attracting more users, utilities, and funds to the protocol and the Core chain, both from within and outside the Core chain.

What can Aquarius Loan be used for?

The ARS token serves as the platform's governance and utility token. Users are rewarded with ARS tokens for supplying and borrowing on the platform and can participate in the protocol's governing activities using these tokens.

Where can you buy Aquarius Loan?

ARS tokens can be traded on decentralized exchanges. The most popular exchange to buy and trade Aquarius Loan is Sushiswap V3 (Core), where the most active trading pair ARS/WCORE has a trading volume of $10.59 in the last 24 hours.

What is the daily trading volume of Aquarius Loan (ARS)?

The trading volume of Aquarius Loan (ARS) is $10.59 in the last 24 hours, representing a -82.10% decrease from one day ago and signalling a recent fall in market activity. Check out CoinGecko’s list of highest volume cryptocurrencies.

What is the highest and lowest price for Aquarius Loan (ARS)?

Aquarius Loan (ARS) reached an all-time high of BTC0.0₆4275 and an all-time low of BTC0.0₈4463. It’s now trading -96.60% below that peak and 14.70% above its lowest price.

What is the fully diluted valuation of Aquarius Loan (ARS)?

The fully diluted valuation (FDV) of Aquarius Loan (ARS) is BTC4.5233. This is a statistical representation of the maximum market cap, assuming the maximum number of 1 Billion ARS tokens are in circulation today. Depending on how the emission schedule of ARS tokens are designed, it might take multiple years before FDV is realized.

How does the price performance of Aquarius Loan compare against its peers?

With a price decline of -12.50% in the last 7 days, Aquarius Loan (ARS) is underperforming the global cryptocurrency market which is down -2.00%, while underperforming when compared to similar Core Ecosystem cryptocurrencies which are up 0.00%.