Looking to diversify your DeFi assets? A firm believer in the potential of RWAs (Real World Assets)? An advocate of responsible leverage?PWN’s latest integration of Backed is meant for you.

Backed

Swiss-based Backed brings real-world financial assets on-chain, enabling DeFi integrations and highly efficient global markets. Backed ERC-20 assets are built for decentralization: Transferable, composable, and multichain, they track the value of real-world assets such as bonds, stocks, or ETFs and are 1:1 collateralized by them. Tokens are issued in compliance with the Swiss DLT Act and can be redeemed for the underlying asset’s cash value.*

Why use Backed assets as collateral on PWN?

• Asset diversification: ETFs, T-bonds, stocks…you can enjoy exposure to high-performance RWAs while reaping the benefits of DeFi composability and self custody.

• Low-volatility, fixed-income collateral: Backed corporate and government bonds are fixed income assets and make for highly desirable yield-bearing collateral for potential lenders.

• Custom terms, fixed rates: On PWN, you choose and fix your loan terms—APR, duration, borrowed asset, LTV—to suit your needs, and they remain the same for the whole loan duration.

• Zero price-based liquidation: The only way to lose your Backed assets? Miss the repayment deadline.

• Multi-chain: Leveraging assets across all chains PWN and Backed are deployed on, including Arbitrum, Optimism, Base, Polygon, BNB Chain and Ethereum.

HOW DOES PWN WORK?

ABOUT PWN

PWN is a peer-to-peer permissionless lending protocol. In the true spirit of DeFi composability, PWN users can borrow against—or lend using—any asset in their wallet (ERC-20, NFT, and even a bundle of both), while enjoying absolute flexibility on the loan terms (LTV, duration, APY, etc.). The oracle-less nature of the protocol protects all PWN loans from price-based liquidations. The only way to lose collateral is to default on a loan.

Operating on seven EVM-compatible networks, PWN opens up new liquidity avenues, composability options, and leverage opportunities, while giving its users both optimized capital efficiency and predictability on both sides of the loan. A win on all fronts.

*To redeem directly with Backed, users must undergo a KYC and AML check.

Backed DOES NOT sell its tokens to U.S. Persons or for the account or benefit of U.S. Persons, and tokens are not marketed, offered, or solicited in the U.S. or in any other prohibited jurisdiction.

For a full list of prohibited and restricted countries and review of legal documentation, please visit https://www.assets.backed.fi/legal-documentation