Absorber

Absorber

Decentralized deflationary yield farming protocol.

absorber.finance
Share

Absorber Introduction

Absorber is a new and innovative DeFi protocol. Decentralized Finance is in a state of disaster. There is over $13 billion dollars of total value locked (TVL) and over $200 million dollars has been hacked/stolen from DeFi projects in 2020. Exploits, bugs, and rugs, specifically where the owner continues to hold control over the smart contract, are to blame. Let us add that ownership of a contract is actually centralized finance in the same way that a bank has power to freeze your funds. Yield farming. It requires one to give up control of funds (albeit temporarily) for rewards which can require high gas costs in Ethereum Network the reason why we Migrated to Binance Smart Chain ($9.75 in gas fees to claim your rewards, anyone?). Even worse, these DeFi projects are hyper-inflationary, causing two more headaches: the token's value often coming close to zero and impermanent loss (what you put in is worth nowhere close to what you get out at the end). Well...We are negotiating with Certik to get Licensed and get insured by Insurance Protocols The Absorber protocol is here to change ALL of that through a innovative method and a hybrid approach.