Core Features

Flexible Lending Pools: Lenders can create lending pools that allow multiple borrowers to borrow from a single order. This flexibility empowers lenders to set personalized terms for different borrowers.
Collateralized Borrowing: Borrowers can access funds by depositing supported cryptocurrencies as collateral. They can borrow up to 80% of their collateral value.
Marketplace for Lending and Borrowing: A central marketplace allows users to browse, create, or service lending and borrowing orders. If no suitable order is available, users can create their own.
Health Factor Monitoring: The platform continuously monitors borrowers’ health factors, ensuring loans are managed according to risk thresholds and automatically triggering liquidations if necessary.
Security via EIP2535 Diamond Standard: LENDBIT is built using the Diamond Standard to ensure modular and scalable smart contract architecture.

Last updated 8 months ago

Flexible Lending Pools: Lenders can create lending pools that allow multiple borrowers to borrow from a single order. This flexibility empowers lenders to set personalized terms for different borrowers.
Collateralized Borrowing: Borrowers can access funds by depositing supported cryptocurrencies as collateral. They can borrow up to 80% of their collateral value.
Marketplace for Lending and Borrowing: A central marketplace allows users to browse, create, or service lending and borrowing orders. If no suitable order is available, users can create their own.
Health Factor Monitoring: The platform continuously monitors borrowers’ health factors, ensuring loans are managed according to risk thresholds and automatically triggering liquidations if necessary.
Security via EIP2535 Diamond Standard: LENDBIT is built using the Diamond Standard to ensure modular and scalable smart contract architecture.

Last updated 8 months ago