Platform Fees and Policies

• Are there any fees for using LENDBIT?

  • Yes, the platform charges a small fee for facilitating loans, which is automatically deducted from the interest earned by lenders.

• How is the interest rate determined?

  • The interest rate is set by the lender when they create their lending pool. Borrowers can choose which pool offers the most favorable terms based on their needs or create thier own borrow orders.