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For the complete documentation index, see llms.txt. This page is also available as Markdown.

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.

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