What is Sentiment? Sentment is a Lending Protocol platform that offers loans with up to 5x leverage over collateral through the use of Margin Account. Please join me in finding out what is special about this project through the articles below!
What is Sentiment?
Sentiment is a Lending Protocol platform built and developed on the Arbitrum ecosystem. Using Margin Account, users can leverage up to 5 times the collateral and deploy capital through Sentiment. their loans on many different protocols.
For example: You open a Margin Account on Sentiment, you deposit $100, you can borrow up to $500 and through Sentiment you can use this loan amount on other protocols such as AAVE, Curve Finance, Lido Finance, Uniswap,… to earn more profits.
Operating Model
Sentiment’s target audience includes two audiences: borrowers and lenders.
For lenders
Lenders will deposit their assets into a common pool. Currently Sentiment is accepting ETH, USDC, USDT then the lender will receive LTokens representing the loan and income the lender receives. LTokens will be burned when the borrower withdraws all of his principal and interest from the protocol.
For borrowers
- Step 1: They open a Margin Account and put their collateral into it.
- Step 2: They will choose the asset and the amount they want to borrow.
- Step 3: The assets and money they want to borrow will be borrowed from the pool deposited by the lender, along with how many times the leverage?
- Step 4: Borrowers will interact with the Trade or Invest section on Sentiment’s platform to earn profits
In fact, with this implementation quite similar to Leverage Farming in Q1/2022, we now have Leverage Lending. Loaned money does not go out of the protocol but it remains in the protocol entering through the protocol for investment on other platforms.
Currently, borrowers can Trade or Invest on Sentiment such as:
- Swap: Sentiment integrates Uniswap on its platform to support trading of permissive assets.
- Invest: Sentiment integrates with AAVE so borrowers can continue lending, integrates with Sushi, Curve Finance or Balancer so borrowers can provide liquidity or staking.
Core Team
The project has not announced the development team, but if the team continues to anon, I will not be too surprised because this is a tradition on the Arbitrum ecosystem.
Investor
September 10, 2022: Sentiment successfully raised $2.4M in an unknown Seed round, this capital call of Sentiment was led by Archetype Ventures and also had the participation of Castle Island Venture, Maxtriport Venture. Some Angel Investors also invested in Sentiment such as DCF God, Grug Capital, 0x Ventures, Kepler & Atvanguard, Andra Nocilau, Conor Lin,…
Tokenomics
The project has not announced its tokenomics.
Exchanges
The project has not been listed on any exchange.
Information Channel of Sentimeter Project
- Website: https://www.sentiment.xyz/
- Twitter: https://twitter.com/sentimentxyz
- Medium:
Summary
Leverage Lending may become a new trend in the DeFi market and Sentiment on Arbitrum may lead this trend. Therefore, everyone can follow the development process of Sentiment to grasp this trend in the near future.