Introducing the Acumen Protocol!
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. By being natively built on Solana, Acumen is able to avoid the gas problems that plague most of the Defi protocols on the Ethereum blockchain.
The Acumen DAO
The Acumen protocol will be governed by a DAO from its inception. Governance rights of the protocol are given to users for free via token distribution by participating in lending and borrowing pools: the earlier one joins a pool, the greater the reward. The DAO will be given 8,867,409 ACMN tokens, which are held in an SPL token account. This account transfers ~7.8 ACMN per minute or roughly 11,356 per day. Tokens are allocated to each asset pool(SOL, SRM, USDC, BTC..), with 50% of the distribution going to the suppliers and the other 50% to the borrowers. The amount of tokens distributed in each market is proportional to the interest being accrued; as market conditions change, so does the amount of ACMN being distributed. Users can earn ACMN tokens right now: Click here to earn!