Lendbit Finance | Docs
HomeApp
  • Introduction
    • Overview
    • Core Features
    • Supported Assets
    • Long-term Goals
  • Getting Started
    • Platform Overview
      • How to Join
      • Marketplace Navigation
  • Core Terms
  • Lending on LENDBIT
    • Creating a Lending Pool
    • Setting Lending Terms
    • Managing Lending Pools
  • Borrowing on LENDBIT
    • Creating a Borrow Order
      • Depositing Collateral
    • Loan-to-Value (LTV) Ratios
      • Health Factor
    • Repayment Process
  • Flexible Lending Pools
    • Pool Flexibility
    • Borrower Allocation Percentages
    • Benefits of Flexible Pools
  • Architecture Diagrams
  • Frequently Asked Questions (FAQ)
    • Lending-related Questions
    • Borrowing-related Questions
    • Platform Fees and Policies
  • Contact and Support
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  1. Getting Started
  2. Platform Overview

How to Join

  1. Connect Your Wallet: Start by connecting your Coinbase Smart Wallet to the LENDBIT platform. This wallet allows for secure transactions and efficient management of your funds.

  2. Create a Basename: LENDBIT leverages Basenames, a unique identifier that simplifies user interaction and transaction tracking across the platform. Once your wallet is connected, you’ll be prompted to create a Basename, which will be linked to your account.

  3. Deposit Collateral: For borrowers, the next step is to deposit the required collateral. Supported assets include Sepolia ETH, with more assets planned for the future.

  4. Explore the Marketplace: After your wallet and Basename are set up, you can access the marketplace to browse lending and borrowing offers. Lenders can create lending pools, while borrowers can create orders based on their desired terms.

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Last updated 7 months ago