
Cat-in-a-Box Ether BOXETH
1. Summary
- Price
-
$1,535.01 -0.9%
- Market Cap
- $0.00 (#11571)
- Supply
- 0.00 / 611.00
- Tags
- Ethereum Ecosystem
- Description
-
Cat-in-a-Box Ether (BOXETH) is a dynamic lending protocol built on liquid staking derivatives, primarily utilizing ETH proof-of-stake and stETH issued by Lido Finance as its core components. Initially, it supports assets such as stETH with the potential for expansion to other assets in the future.
Cat-in-a-Box Ether (BOXETH) is a dynamic lending protocol built on liquid staking derivatives, primarily utilizing ETH proof-of-stake and stETH issued by Lido Finance as its core components. Initially, it supports assets such as stETH with the potential for expansion to other assets in the future.
Key Features
- The protocol allows users to deposit yield-bearing tokens, which serve as collateral to mint and borrow synthetic assets at a 1:1 ratio, with broad loan-to-value (LTV) options.
- Deposited yield-bearing tokens continue to earn yield, which can be used to pay back loans or compound the token deposit balance.
- The protocol offers an alternative to traditional market selling by incentivising good borrowing habits and discouraging over-leveraging through a self-stabilising mechanism.
- This mechanism creates liquidity pools to support the peg of the synthetic asset.
Design and Management
- The protocol relies on immutable, set-and-forget contracts to minimize security risks and centralization concerns, as seen in previous DeFi projects.
- Governance has been kept to a minimum, with the administrator holding control over two parameters: a switch to permanently disable whitelisting of MEV bots and a gauge to set the protocol fee, which will be automated once sufficient data is collected to set the range dynamically.
Price | |
52W High price | $3,934.77 |
52W High date | 13th Mar 2024 (1 year ago) |
All Time High (ATH) Date | 13th Mar 2024 (1 year ago) |
ATH Price | $3,955.54 |
% From ATH | -15.6% |
All Time Low (ATL) Date | 11th Sep 2023 (1 year ago) |
ATL Price | $1,502.63 |
% From ATL | 122.17% |
Supply & Trading Volume | |
Trading Volume (24h) | $9,357.00 |
Total Supply | 611.00 |
BOXETH
How does Cat-in-a-Box Ether's (BOXETH) performance compare to the median performance for assets of a similar market capitalization?
30 Day Return
-7.8%
BOXETH
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Similar Market Cap
60 Day Return
26.7%
BOXETH
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Similar Market Cap
1 Year Return
49.0%
BOXETH
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Similar Market Cap
No GitHub repos found. Either the project is not open source or we don't have data yet.
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Historic data is only available from 22nd April 2022
Total Followers
Reddit Subscribers | |
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Active Reddit Users (past 24h) | |
Discord users | |
Active Discord Users | |
Telegram Users | |
Twitter followers | 13 |
No recent news found.
Always do your own research (DYOR) before making any investment. Here's some links you might find helpful:
Website | https://catinabox.finance/ |
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Explorer | https://etherscan.io/token/0x7690202e2c2297bcd0366... |
@catinaboxfi |
What is the correct contract address for Cat-in-a-Box Ether?
Ethereum | 0x7690202e2c2297bcd03664e31116d1dffe7e3b73 |
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Has Cat-in-a-Box Ether been audited for security?
No security audits found for this project.
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