Depositing Collateral

LENDBIT requires borrowers to deposit collateral to secure their loans. The collateral ensures the lender’s protection in case of non-repayment.

Supported Collateral: Currently, Sepolia ETH and Sepolia LINK are the only supported collateral on the Base Sepolia test network.
Collateral Deposit Process: After creating a borrow order, deposit the required collateral via your Smart Wallet. The platform will automatically calculate the loan-to-value (LTV) ratio, allowing you to borrow up to 80% of the value of your deposited collateral.

Last updated 7 months ago

LENDBIT requires borrowers to deposit collateral to secure their loans. The collateral ensures the lender’s protection in case of non-repayment.

Supported Collateral: Currently, Sepolia ETH and Sepolia LINK are the only supported collateral on the Base Sepolia test network.
Collateral Deposit Process: After creating a borrow order, deposit the required collateral via your Smart Wallet. The platform will automatically calculate the loan-to-value (LTV) ratio, allowing you to borrow up to 80% of the value of your deposited collateral.

Last updated 7 months ago