Wild Credit is a permissionless lending DeFi protocol that has completed its initial beta testing phase. Their launch is about 10 hours away and they will release the WILD token to early liquidity providers. Wild caters to owners of the long tail of assets; typically not listed on major crypto banks. Anyone is able to create a pool of 2 assets.
The protocol provides liquidity by pairing assets. A user can deposit one token and borrow the other token in the pool, should they choose. Borrowers pay interest to the lenders, and a share of the interest goes to WILD token stakers.
I will be watching the launch from the sidelines, but will keep my eye on this project over time. Liquidity risk will be significant at first until pools get large enough. Should a liquidity crunch occur, similar to the previous week in crypto, many depositors will run on the Wild pools to pay back loans elsewhere. It’s very common for users to use borrowed capital for yield farming, so when prices drop and they have to pay back loans, this can lead to Wild pools drying up quickly.
However, if you expect a high total value locked (I don’t), plenty of liquidity, and stability/uptrend in crypto prices, the WILD farming opportunity seems pretty good! WILD farming will last for one year and the details can be found here: https://medium.com/wild-credit/wild-token-launch-d1083e043054