Shoebill V2

Should I buy Shoebill V2?

Shoebill Finance is a DeFi lending protocol that allows users to earn high stablecoin yields or take out interest-free loans and earn interest with leverage. The 'Lender' deposits stablecoins to provide liquidity and earn interest, while the 'Borrower' deposits collateral and borrows stablecoins to earn interest with leverage. In the existing lending protocol, the interest earned by the 'Lender' comes from the 'Borrower', so in order to give the 'Lender' more interest, the 'Borrower' has to pay a larger interest. Shoebill Finance utilizes a different model for distributing the interest earned by 'Borrowers'. When a borrower deposits tokens as collateral, Shoebill Finance earns interest by depositing them into protocols like Kokoa Finance, Kokonutswap, and Stake.ly. These interest earnings are then converted into the same tokens deposited by the creditor and distributed as interest.