UncleSam Finance is a decentralized lending and borrowing protocol on the Basechain. It allows users to lend out crypto assets for interest or borrow crypto using collateral. UncleSam brings a few unique innovations to Basechain lending: -Dynamic interest rates based on demand-supply using our proprietary algorithm -Flash loans with near instant settlement to capture arbitrage opportunities -Support for highly volatile assets as collateral like crypto synthetics UncleSam was founded in 2023 by a team of DeFi experts.
After successful fundraising, the protocol launched in Q3 2023 and has seen rapid growth since. In the near future, UncleSam plans to transition to community governance using the SAM token. New borrowing products and integrations with other Basechain DeFi protocols are also in the pipeline.
The SAM token will be used for: -Protocol governance once live -Discounted fees on trades and loans -Staking to earn yield on holdings -Potential access to new products With robust risk management and an innovative feature set, UncleSam Finance aims to become the top lending protocol on Basechain. The community-owned governance model aligns incentives between SAM holders and protocol success.
