backd

backd, interest earning liquidation protection. Liquidations are avoidable. backd is a trustless and interest generating protocol, designed to prevent collateralized loans from becoming liquidable. backd, an Ethereum-based protocol that annihilates the aforementioned opportunity cost of depositing excess collateral by offering interest earning liquidation protection. The backd protocol can be used by any liquidity provider (LP) to earn interest on deposits via yield-farming strategies. Furthermore, LPs can register their funds as “back up collateral” for other protocols but farm yield and earn interest until funds are actually needed for collateral top ups.


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