Espento is an algorithmic money market created solely on Binance Smart Chain (BSC).
The Protocol Brings To The Decentralised Finance (DeFi) Ecosystem A Simple Crypto Asset Swap, Bridge, Stake, And Lending-Borrowing Solution. Allowing Users To Borrow Directly Against Collateral At Rapid Speeds While Incurring Less Transaction Costs. In Addition, Espento Allows Users To Bridge Cross-Chain Assets To EUSD Stablecoins On-Demand Within Seconds By Posting Needed Assets To The Espento Bridge Smart Contract.
EUSD Tokens Are BEP-20 Token Assets, Whereas SPENT Tokens Are Likewise BEP-20-Based, But Are Used For Espento Protocol Governance And May Be Used To Vote On Updates. Includes New Collateral Types, Parameter Changes, And Product Improvement Organisation.