· Acumen’s Vision is to enable fair access to capital for small and medium-sized businesses and entrepreneurs in developing nations (microfinance)
· The Acumen StableDapp will use stablecoin deposits in crypto to give out microfinance credits to such business, while enabling the users to generate a stable uncorrelated yield
· Acumen’s approach will allow users to earn microfinance yields, have a positive social impact and keep using a part of their collateral within the crypto ecosystem to further enhance their yields
· The pilot country will be El Salvador, where Acumen has formed alliances with the Small Businesses Association…
Over the past decade, there have been many wonderful developments in the blockchain space, improving blockchain technology and its implication on our financial system. With the development of faster, cheaper, and more efficient blockchains, there has never been a better time to start using blockchain for real-world applications, which is precisely what the Acumen protocol plans to do. Throughout much of the world, there has been an ever-increasing disparity between the haves and the haves not, and a sharp decrease in social mobility: it has become very hard for people to move up the socio-economic ladder. We believe that…
Today, we are proud to announce the launch of the Acumen protocol! The Acumen protocol is a Defi Lending and borrowing protocol built natively on the Solana Blockchain. Acumen aims to address the problem of yield earning on Solana. Acumen allows users to earn interest on their spl tokens. Users can now earn interest on SOL, SRM, FTT, BTC, ETH, and additional pairs being added shortly.
Acumen will leverage the network’s sub-second finality and the average transaction fee of $0.0001, making the protocol faster and more efficient, in tangent, saving transaction costs for the users. …