Ruler Protocol is a decentralized Ethereum lending protocol for market-priced, non-liquidatable crypto loans. It uses ERC-20 loan instruments and a governance token, RULER.
Ruler Protocol presents a market-driven lending and borrowing platform on Ethereum. It offers fungible ERC-20 loans, with interest rates determined by market supply and demand rather than a bonding curve, and describes loans designed to avoid liquidations when users follow the protocol rules. Its RULER token is described as valueless for governance, liquidity mining, and contributor rewards.
