Ruler Protocol (RULER)

Ruler Protocol (RULER) is a market-driven lending platform that offers non-liquidatable loans. Unlike traditional lending platforms, Ruler Protocol does not use a bonding curve to determine interest rates. Instead, interest rates are decided based on market demand and supply. This unique approach allows borrowers and lenders to participate in a decentralized lending and borrowing ecosystem without the risk of having their positions liquidated.

One of the key features of Ruler Protocol is the ability to obtain ERC-20 loans for the desired period. These loans can be traded as fungible assets, giving borrowers flexibility in managing their debt. Additionally, Ruler Protocol is deployed and verified on the Ethereum blockchain, ensuring censorship resistance and openness.

RULER tokens are the governance tokens of Ruler Protocol and have no intrinsic value. They are used for liquidity mining, where users can earn RULER tokens by providing liquidity through lending assets. Holders of RULER tokens also have voting rights to shape the protocol’s future by participating in community-submitted proposals. Contributors to the protocol can also earn RULER tokens by actively contributing to its development and improvement.