Stablecoin Information
Lemma is a decentralized finance (DeFi) protocol with two products: a leveraged basis trading vault and USDL, a stablecoin that is fully decentralized, 100% capital efficient and USD pegged.
Category:algorithmic
Minting and Redemption
Using the Lemma Finance app, users mint USDL by depositing an accepted asset into the protocol where it establishes a market neutral trading position on decentralized exchanges. When the loan is repaid to retrieve the collateral, the paid back USDL is burned.
Audits:No
Stablecoins Usage by Chain
| Name | Bridge | |||||
|---|---|---|---|---|---|---|
| 0 | -0.00% | -0.00% | -0.00% | 101,745.58 | ||
| 0 | +0.00% | +0.00% | +0.00% | 73,370.24 |