Preon Finance Review: What to Know Before Borrowing
Preon Finance is a crypto-backed borrowing protocol that issues STAR, but key details about costs, audits and getting started are unclear.
By the SkyBitcoins review team · Updated
At a glance
Preon Finance key facts
| Type | Crypto-backed borrowing protocol |
|---|---|
| Chains | Arbitrum, Polygon and Base |
| Borrow asset | STAR, a USD-pegged stablecoin |
| Token | PREON |
| Value locked | $211K−1.1% 7d |
| Audits | 2 audits listed |
| Updated |
Preon Finance FAQs
What is Preon Finance?
Preon is described as a decentralized borrowing protocol: you deposit crypto as collateral and borrow STAR, a USD-pegged stablecoin. The listed minimum maintained collateral ratio is 110%, so collateral value can matter if prices fall.
Does Preon charge interest or fees?
Preon describes its loans as having 0% interest. Other possible costs, such as fees, liquidation penalties or transaction gas, are not specified, so check the app and contract terms before borrowing.
Is Preon Finance audited and safe?
Two audits are listed for Preon, but their names and scope are not identified here. An audit does not remove smart-contract or collateral-price risk, so review the audit reports and current protocol terms before depositing.
Compare
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How we checked
Sources
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