THIRM PROTOCOL
Whitepaper v6
Introduction

Thirm Protocol auto switches your cryptocurrencies between most profitable lending protocols to generate a high yield. Unlike other Defi protocols, Thirm Protocol is cross-chain & allows you to access NON-ERC20 and ERC20s cryptocurrencies. Thirm Protocol is fast & works as a fund pool, so you don't have to pay the switches' gas fees. All users on Thirm Protocol work as one to achieve the best lending rates, creating a market demand that outperforms basic lending platforms.
PRODUCTS
Thirm Token (THIRM)
Thirm Protocol Governance Token, Protocol earnings are distributed among token holders.
T-Tokens
When you deposit into Thirm Vault your deposit is wrapped and returned as a T-Token representing the liquidity provided, this liquidity than grows over time driven by the perpetual accrual of interest and is redeemable back at any time.
DIAGRAM
SIMPLE DIAGRAM
THIRM VAULT
FEATURES
Protocol Incentive
Thirm Protocol earns 0.5% fees from user's profits, and these profits are used to buy & burn Thirm Token. Thus increasing Thirm Token value OVERTIME.

Example : Thirm Protocol Earned 1000$ In Interest, 5$ is protocol fees, 995$ goes to users. 5$ is used to buy Thirm Token from DEX & Burn Them, Decreasing Total Supply & Increasing Thirm Token Value.
Growth of DeFi
Aside from the amazing technology behind cryptocurrency projects, exchanges continue to be one of the most impactful tools and arguably, the catalyst behind the rapid growth of the entire cryptocurrency market. While most of these remain completely centralized, the majority of the assets on their markets are decentralized (Bitcoin, Ethereum, etc). As development in the cryptocurrency space continues to advance, the rise of decentralized applications are growing exponentially and for good reasons. Decentralized applications provide full transparency, entirely unbiased information, immutability, agility, and are not controlled by any single entity. All of these features of DeFi applications are difficult, or even impossible, to find in traditional centralized exchanges. People in the community appreciate these features, and consequently, a boom of new DeFi applications has accumulated over $4 billion of total assets as of writing this document.
Governance
We at Thirm believe in the mechanism that adapts and change over time. In the crypto world, several existing projects are dead by now or growing towards a dishonest scheme that aims to lure the money from the users. To overcome this inconstancy, we introduced a governance system. This system will determine new project selection, remove dead projects, implement the new features, and other major influential decisions. Unlike other centralized protocols, we at THIRM decide important decisions using decentralized voting. Here, the Thirm Token holders will evaluate the protocol's governance.
Glossary
Liquidity A measure of how much available circulating supply there is of an asset or currency, and the activity of that asset or currency in an exchange, economy, or network. A currency with low supply and/or circulation is said to be illiquid.
ERC 20 ERC20 is a technical standard used for smart contracts on the Ethereum blockchain for implementing tokens. ERC stands for Ethereum Request for Comment, and 20 is the number that was assigned to this request. The clear majority of tokens issued on the Ethereum blockchain are ERC20 compliant.
Staking Cryptocurrencies staking is the act of holding crypto in your wallet for a specific period, then earning interest as a result of that.
DeFi DeFi is essentially just conventional financial tools built on a blockchain — specifically Ethereum. They are mostly predicated on open-source protocols or modular frameworks for creating and issuing digital assets and are designed to confer notable advantages of operating on a public blockchain like censorship-resistance and improved access to financial services.
APY Annual Percentage Yield, a time-based measurement of the Return On Investment (ROI) on an asset. For example, $100 invested at 2% APY would yield $102 after one year, if there is no compounding of any interest earned on that $100 through the year. Assuming a static APY rate, the Monthly ROI would be 0.16%, in this case.
Automated Market Maker An Automated Market Maker (AMM) is a decentralized asset trading pool that enables market participants to buy or sell cryptocurrencies. AMMs are non-custodial and permissionless in nature. Most AMMs utilize either a constant product, constant mean, or constant sum market making formula; however, the most common is a constant product market maker, most notably Uniswap.
HODL A misspelled word by a crypto investor on an online forum from the early days of cryptocurrency, HODL became a term that was embraced as an inside joke by the nascent community of investors, coders, and entreprenuers who supported coins like Bitcoin and Ethereum in the early days. They believe in the long term promise of cryptocurrencies and held their investments through periods of massive volatility or even no volatility (i.e., price stagnation). The choice or decision to hold onto one's crypto investments through bull and bear markets is called HODLing.
Lending Provider A Lending Provider is a person or group who provides cryptocurrency capital in exchange for a share of rewards and fees gained by lending out and providing liquidity for various cryptocurrency coins and their respective networks. Loans are provided to traders, investors, exchanges, cryptocurrency networks, DAOs, and CIIs to take advantage of arbitrage opportunities and business opportunities by actors within the CeFi and DeFi space.
Leverage The use of multipliers on exchanges or markets that allow leveraged trading, such that providing 1 BTC deposit on such an exchange could provide the investment power of 10 to 100 BTC if used at 10x to 100x leverage. Leveraged trades can amplify gains greatly. However, should the trade be unprofitable, it can also amplify losses greatly. The downside of this risky approach is that the entire deposit, 1 BTC in this example, could be lost in a liquidation event where a margin call on this leveraged trade could result in the entire deposit being lost during times of massive volatility and insufficient reserve funds for the investor, trader, or CII.