Holdefi BSC — an open source decentralized non-custodian money market protocol, where users can participate as savers or borrowers. Investors provide the market with liquidity to generate passive income, and anyone can borrow from this liquidity and repay it after a while. The borrower must add collateral before borrowing tokens. The value of the collateral must be greater than the value of the assets they want to borrow. This collateral is actually a guarantee that they will return the borrowed assets.
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Description of the Holdefi BSC
Holdefi BSC — a lending platform where users can store their assets and receive interest or borrow tokens, and return them after a while. There are two main roles: supplier and borrower.
In the beginning, the Holdefi mechanism determines and sets the interest rate. Then, every seven days, the administrator can increase it to a maximum of 5%. In addition, the Holdfi mechanism has a limit on the maximum interest rate on a loan of 30%. The platform can also lower the interest rate to attract more borrowers and compete with other platforms.
| Suppliers | Interest, received from borrowers, is distributed among suppliers, in accordance with the amount, provided by them. Thus, the delivery rate will be automatically calculated, based on the total quantity in the protocol. |
| Borrowers | Borrowers must add collateral before borrowing any token. The value of the collateral must be greater than the value of the assets they want to borrow. This collateral is actually a guarantee that they will return the borrowed asset. |
Each user earns POWER when collateral is posted, and these tokens are directly related to the price and amount of deposited collateral, as well as from the value of the collateral to the rate on the loan (VTL). If the total value of all borrowed assets for one collateral exceeds the collateral capacity, the borrower's collateral can be repaid.
Additional information
The site has an introductory document and WhitePaper. You can study the platform in more detail this way.
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