Timeswap V2, an AMM-based Money Market, Launched on Polygon

Timeswap V2, has launched on Polygon Mainnet. The updated version includes several new features, including the ability for Lenders and Liquidity Providers to exit the pool before maturity, higher capital efficiency and better price discovery of APR and CDP, and symmetricity between lenders and borrowers through the utilization of ERC-1155 implementation.

Other improvements include bidirectionality, which allows for the lending and borrowing of both tokens from the pool while keeping any of them as collateral, and overcollateralized pools, which ensures that LPs are not impacted by fat finger lend transactions.

Timeswap is the first decentralized automated market maker (AMM) based money market protocol and is powered by a unique 3-variable AMM that enables the end-user to decide their risk profile and set interest rates and collateral ratios for each lending or borrowing transaction.

Unlike existing money market protocols, Timeswap is oracle-less. It does not require oracles or liquidators and allows anyone to create a pool for lending and borrowing of any ERC-20 tokens with any other ERC-20 token as collateral and any maturity date.