iMe DeFi

General

Decentralised Finance (DeFi) is an analogue of traditional financial instruments implemented in a decentralised architecture.

Decentralised, public and non requiring confidence ecosystem of financial applications and services based on public blockchains.

There is no centralised governance structures in DeFi: the rules for executing transactions are written in smart contracts. Once smart contract is running, DeFi app can run on its own with minimal or no human intervention.

Creating secure architecture, iMe creates a secure and jointless DeFi transaction platform, helping to protect digital assets of users.

iMe will support major liquid assets like ETH, USDT and BTC.

Deposits

OLCF / USDT deposits

For iMe users, the first deposits will be available in OLCF tokens with payouts in USDT.

When you open a deposit, a smart contract is created on the Ethereum blockchain, in which the unchanged terms of the transaction are written:

Deposit amount in OLCF;
OLCF / USDT rate at the time of opening a deposit;
Deposit term, from 1 to 12 months;
Deposit rate, from 1 to 6% per month;
End date of the deposit and the date of payment;
The amount of returned OLCF equal to the amount of the deposit;
The number of interest payments in USDT;

The payment of interest on the deposit occurs once, at the time of the end of the deposit and the return of the pledged tokens.

The OLCF / USDT rate is taken at the time of creation of the deposit, at the same time the future payment of interest in USDT is immediately fixed, which is blocked on the escrow account to ensure the payment of interest.

If the escrow account does not have enough funds to pay future interest, then the smart contract will simply not be created and the system will not allow the user to open a deposit. If the deposit is open, then the payment on it will be guaranteed within the specified period.

Deposits in iMe are secured and guaranteed, nothing and no one can influence their execution, since they completely work on smart contracts of the Ethereum blockchain.

You can study the open source code of the smart contract at the link —

It should be borne in mind that for transactions on deposits, gas is required in ETH, which, when opening a deposit, is paid by the user, and when the deposit ends and interest is paid, iMe is paid.

Deposits interface

Extended information about deposits will be available to users in the application interface.

General distribution of deposits:

All Deposits - the amount of OLCF that participated in deposits for the entire period;
Active Deposits - the amount of OLCFs that are involved in all deposits at the moment;
Payouts - the amount of USDT that has already been paid on deposits for the entire period;
Future Payments - the amount of USDT that is currently blocked on the escrow account for paying interest on existing deposits;
Escrow Account Balance - the current balance of the account intended for securing interest payments;

Conditions for opening a deposit:

Placement of deposits is determined by the formula D = 2*S, no more than B, where

D - the number of OLCFs allowed to open deposits;
S - the number of OLCFs received by the user on the account when exchanged in iMe Wallet via Uniswap;
B - the user's overall OLCF balance;

My active and completed deposits:

Deposit opening date;
Deposit amount in OLCF;
OLCF / USDT rate at the time of opening a deposit;
Percentage of payment on the deposit;
Term of the deposit; (Deposit term);
End date of the deposit;
Interest payment amount in USDT;