Discover
Apps
Preon Finance

Preon Finance

Preview Only

DeFiLending

Open app

This app is available for preview only and has not been validated by community. The owner can submit the application for validation.

About Preon Finance

Preon Finance is a decentralized lending protocol that allows users to borrow against their crypto assets at 0% interest by minting $STAR, a USD-pegged stablecoin. Users can earn yields on their collateral through low-risk strategies and participate in governance with $PREON tokens.

lending stablecoin DeFi

Preon Finance is an innovative omnichain DeFi protocol that is redefining the lending and borrowing landscape by introducing zero-interest borrowing, yield optimization, and decentralized governance. Designed to unlock the full potential of users' crypto assets, Preon Finance empowers individuals to borrow against their assets without incurring interest, while simultaneously earning yields through low-risk farming strategies. With cross-chain interoperability powered by LayerZero, Preon seamlessly integrates decentralized financial opportunities across multiple ecosystems.

By combining powerful features like Nebula Vaults, Stability Pools, oPREON rewards, and a robust vePREON governance model, Preon Finance provides users with a dynamic platform to enhance capital efficiency. Borrowers, liquidity providers, and governance participants can all benefit from an ecosystem focused on sustainability, security, and transparency. As a truly decentralized protocol, Preon is paving the way for the next evolution of borderless financial systems.

Preon Finance is a next-generation Collateralized Debt Position (CDP) protocol that enables users to access liquidity without selling their assets through the minting of $STAR, a fully overcollateralized USD-pegged stablecoin. Unlike traditional borrowing protocols that apply variable interest rates, Preon allows borrowers to take out loans at 0% interest, making it a revolutionary force within the DeFi ecosystem. Users can lock assets into Nebula Vaults, borrow $STAR, and simultaneously earn yield on their collateral thanks to integrated farming strategies.

The ecosystem also introduces $PREON and $vePREON tokens to fuel decentralized governance and revenue sharing. Locking $PREON into the veNFT contract grants users voting rights and a share of the protocol’s fees, while $oPREON rewards Stability Pool contributors with options to claim discounted $PREON or boost governance influence. With multiple revenue streams like liquidation profits, performance fees, and borrowing fees being distributed to vePREON holders, Preon Finance ensures that long-term participants are heavily incentivized.

What sets Preon Finance apart is its omnichain interoperability through LayerZero’s OFT technology, allowing assets and operations to seamlessly bridge across multiple blockchains. This makes yield farming and borrowing strategies borderless and maximizes users' opportunities. Coupled with a strong focus on decentralization and community ownership, Preon represents a future-proof model for DeFi lending protocols.

As competitors like Liquity, SkyMoney, and Angle Protocol push for improved stablecoin systems, Preon Finance takes a distinct route by fully integrating omnichain capabilities, option call rewards, and decentralized governance into one platform. With Preon V2 on the horizon and further democratization planned via DAO control, users have the chance to participate in building the next great chapter of decentralized finance.

Preon Finance offers groundbreaking benefits and features that set it apart in the DeFi lending ecosystem:

Zero-Interest Borrowing: Borrow against your crypto without paying any ongoing interest, unlocking liquidity while maintaining long-term asset exposure.
Nebula Vault Yield Farming: Collateral deposited in Nebula Vaults earns passive yield through low-risk farming strategies, maximizing your capital efficiency.
Dynamic oPREON Rewards: Participate in the Stability Pool to earn $oPREON emissions, offering multiple redemption pathways including discounted PREON purchases and governance boosts.
Cross-Chain Interoperability: LayerZero integration makes Preon Finance an omnichain protocol, allowing users to access opportunities across multiple networks without fragmentation.
Decentralized Governance with Revenue Sharing: Lock $PREON into vePREON and access a share of the protocol’s revenue streams, while actively participating in major governance decisions.
Resilient Collateral Stability: Through sophisticated liquidation and redemption mechanisms, the STAR stablecoin remains reliably overcollateralized, protecting users and maintaining protocol solvency.

Preon Finance makes joining its DeFi lending ecosystem simple and efficient:

Connect Your Wallet: Visit Preon Finance and connect a supported EVM-compatible wallet like MetaMask.
Deposit Collateral: Open a Nebula Vault by depositing supported assets like wETH, wMATIC, or stMATIC as collateral.
Borrow $STAR: Mint the $STAR stablecoin against your deposited collateral without paying any interest.
Earn Yield: Watch your collateral farm passive income through yield-optimizing strategies inside the Nebula Vaults.
Stake in Stability Pool: Deposit your $STAR into the Stability Pool to earn $oPREON rewards and liquidation profits.
Participate in Governance: Lock $PREON into vePREON to receive voting power and a share of the protocol’s fee revenues.

Preon Finance FAQ

Preon Finance introduces an innovative system with Nebula Vaults that allows users to borrow $STAR stablecoins at 0% interest while their deposited collateral continues to generate yield. Rather than sitting idle, assets are actively deployed in low-risk yield farming strategies, boosting capital efficiency without sacrificing liquidity. This dual-purpose design enables users to unlock value from their holdings while still putting their assets to work, all accessible through Preon Finance.
oPREON introduces a revolutionary twist on DeFi rewards by offering "option call" tokens instead of simple farming yields. Depositing $STAR into the Stability Pool earns oPREON, which users can redeem for discounted PREON or zap into vePREON at a 1:1 ratio. This structure creates strong incentives for long-term engagement, liquidity stability, and minimizes sell pressure — all while giving users flexible pathways to maximize their participation at Preon Finance.
Preon Finance achieves sustainability through innovative fee structures instead of ongoing interest charges. Users pay a modest one-time borrow fee spread over six months and small performance fees on yield farming gains within Nebula Vaults. Additionally, liquidation profits and redemption fees help fund the system. Revenue streams are distributed to vePREON holders, ensuring that protocol sustainability and user incentives are balanced. Explore the model in action at Preon Finance.
Thanks to its integration with LayerZero, Preon Finance offers true omnichain interoperability. Both $STAR and $PREON are OFTs (Omnichain Fungible Tokens), allowing users to seamlessly move assets and engage with opportunities across multiple blockchains. This dramatically expands liquidity access, enables cross-chain yield farming, and ensures users are not confined to a single network’s ecosystem, setting Preon apart from traditional DeFi protocols.
The Peg Stability Module (PSM) at Preon Finance allows users to swap STAR for decentralized stablecoins like LUSD and DAI at a 1:1 ratio (plus a small fee). By anchoring STAR’s value to trustworthy decentralized assets instead of centralized reserves, Preon strengthens the peg’s resilience. This mechanism enhances STAR’s liquidity, supports borrowing capacity, and mitigates redemption volatility — all without relying on custodial solutions that could compromise decentralization principles.