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Onyx Protocol is a decentralized platform on Ethereum for peer-to-peer lending of digital assets like NFTs. It uses Onyxcoin (XCN) for governance and utility, ensuring security through staking and audits. XCN holders control the protocol via on-chain voting. Users can access credit without monthly payments, backed by ample collateral. Onyx Protocol aims to address the limitations of traditional lending systems by offering a transparent and efficient solution for borrowers and lenders in the digital asset space.
Proof of Stake