Introduction to Themis

What is Themis?

Themis is a decentralized lending and borrowing platform that allows users or DAOs to collateralize their yield-bearing assets. This allows users to hedge, leverage or increase farming rewards from integrated protocols.

How do I interact with Themis protocol?

To use Themis, simply choose which asset you would like to lend or borrow, and how much. Yield-bearing assets like Uniswap v3 LP positions or Balancer Pool Tokens, as well as other blue chip assets, can be used as collateral to receive a loan.

What is the cost of interacting with Themis protocol?

Interacting with the protocol requires transaction fees for Ethereum/Polygon Blockchain usage. Fee amounts depend entirely on the current network status and transaction complexity.

Where are my deposited funds stored?

Your funds are allocated in a smart contract. The code of the smart contract is public, open-source, formally verified and audited by third-party auditors. You can withdraw your funds from the pool on-demand or export a tokenized (SP-Tokens/stk-tokens) version of your lender position. SP-Tokens can be moved and traded like any other cryptographic asset on Ethereum/Polygon.

Is there any risk?

No platform can be considered entirely risk-free. Smart contract (risk of a bug within the protocol code) and liquidation (risk on the collateral liquidation process) are the top two priorities for Themis. Every step has been taken to minimize risks -- the protocol’s code is public and open-source and has been audited.

Mobile App

Themis currently does not have a mobile app available. If you find one, it is a scam. Themis Protocol will also never ask for your seed phrase or password.