Meet the team behind Minterest
Minterest is a ground-breaking lending protocol built by industry leaders to service billions in TVL and to challenge existing DeFi incumbents. The protocol captures significantly more surpluses on-chain than any other DeFi protocol. In an industry first, it passes on all protocol rewards to its users, using a unique protocol managed buyback process. The model, a combination of R&D excellence and community inclusion, results in the highest long-term yields in the crypto borrowing/lending sector.
The protocol’s ability to auto-manage liquidation processes means that it captures interest rate, flash loan and liquidation fee income and then uses this combined surplus to auto buy the Minterest’s native MNT token on-market, which it then distributes to the protocol’s users. This generates a powerful network effect, further supporting Minterest’s ability to attract TVL due to the buyback increasingly making liquidity mining more valuable, as user’s participation in the rewards captured by the protocol, is ongoing.
Leading experts in crypto
For DeFi protocols to thrive, the architecture must be fail-safe, simple to use and generate real user value. It is critical to get all the elements right as we are dealing with people’s hard earned money, and it is by no means an easy process. What was an easy process however, was attracting extraordinary people who shared the vision of what Minterest will provide, and who together, have the passion, experience and capability to ensure it comes to life.
Team & Advisors
The team behind Minterest is a remarkable group of the brightest talents in crypto. It is a team built to ensure that not only each position is held by an industry expert but that each person is committed to the shared goals of fairness, transparency and the democratisation of DeFi, empowering it to grow and fulfil the promise of a fairer financial ecosystem.
The management team comprises seasoned professionals with 50+ years of combined experience in blockchain and digital platforms, who have generated billions in enterprise value across numerous sectors. They are complemented by world class advisors, a full-time engineering team of 16 plus specialised teams of marketing and operations personnel.
Founder and CEO
The person who brought the team together and revealed how protocol architecture could be fair and equitable for all, is founder and CEO Josh Rogers. Josh is a serial technology entrepreneur with a 25 year career as founder or founding team member of multiple start-up teams across a wide variety of sectors, including Freelancer, the world’s largest freelancing marketplace and HeyYou, Australia’s largest cafe app.
When asked about his motivation to create this one-of-a-kind lending protocol, he said “We are seeing players lose sight of the original reason decentralised digital economies were conceived in the first place. The Minterest protocol recaptures crypto’s vision of creating a fairer, more egalitarian financial system. This new DeFi model generates value for the entire user ecosystem instead of extracting it to enrich a small and select group of participants and in doing so is intentionally designed to challenge existing sector leaders.”
We strongly believe our team and our culture are a core strength. Our culture is designed ground up to empower our people to deliver on the remarkable outcome the Minterest protocol is so each team member truly is an essential component of the overall whole, which is why we intend to introduce everyone in further detail later down the road. Until then – come and find us in our telegram channel or follow us on Twitter!
Minterest is a unique borrowing/lending protocol built by industry leaders to service the billions in Total Value Locked (TVL), in DeFi lending projects, with the specific aim of putting user benefits at its core. It provides users with a decentralised financial platform that is fair and inclusive.
The Minterest protocol has the world’s first buyback mechanism, which automatically passes on surpluses to contributing platform users. This way, users receive protocol rewards on top of industry leading borrowing/lending rates, creating the potential for the highest long-term yields in DeFi. The protocol also has an on-chain treasury which captures and shares liquidation surpluses with users.
09, September 2021