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Themis Protocol

Definition ∞ Themis Protocol is a decentralized lending and borrowing platform that utilizes non-fungible tokens (NFTs) as collateral. It enables users to obtain loans against their digital collectibles, thereby unlocking liquidity for otherwise illiquid assets. The protocol aims to establish a novel financial primitive within the decentralized finance ecosystem.
Context ∞ Themis Protocol addresses a significant challenge within the NFT market by providing a mechanism for holders to leverage their digital assets without needing to sell them. This innovation represents an important development in expanding the utility of NFTs and integrating them more deeply into the broader DeFi landscape. Its growth indicates increasing NFT financialization.

A close-up reveals a sophisticated liquid cooling system, integral to high-performance blockchain infrastructure. Translucent blue fluid, illuminated by internal glowing nodes, circulates through a precision-engineered metallic framework. This advanced thermal management solution is critical for maintaining optimal operating temperatures in ASIC miners or validator nodes, ensuring hash rate stability and energy efficiency. The design emphasizes robust hardware security and computational power, vital for decentralized computing and efficient transaction processing within a distributed network. It represents a commitment to sustainable blockchain operations and DLT scalability.

→Fair Message Ordering

→Transaction Sequencing

→Distributed Systems

Fair Consensus Factory Mitigates MEV through Order Neutrality

Research introduces the Fair Consensus Factory, a systemic framework to integrate order-fairness primitives into Byzantine consensus, directly addressing the foundational MEV problem.