Algofi

Algofi is the fast, low-cost lending market and stablecoin protocol built on the Algorand blockchain. Decentralized lending opens the door to the new financial system, but one of the barriers for participants has been high transaction costs and slow networks. Because Algofi is built on Algorand, we can offer transactions that cost less than $0.01, compared to $15 or more on other networks. In the long term, we can trust our protocol will scale with the growing number of transactions as the retail and institutional communities embrace DeFi. Algofi is building the first crypto native bank powered by decentralized finance. Through Algofi, users can lend cryptocurrency, earn interest on their deposits, and borrow to facilitate complex trading activity. Further, Algofi is building fiat rails to enable users to move value onto and off of the Algorand network seamlessly.