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