$SOIL Multichain Guarantee Fund is essentially a safety net for those who put their money into the protocol. If someone borrows money through $SOIL and is unable to repay it for any reason, this fund will step in to replace the loss so that the lender does not lose anything. Although there's no reason to fear because they have a proven record of a 0% default rate. Meaning, they've never lost a cent.
This fund was established with funds raised when #SOIL originally launched in October 2023, and it continues to expand as the platform's revenue increases. It uses smart contracts and It operates on several blockchains. #SOIL also ensures that all loans are secured by actual assets ( #RWA ), and simply not digital coins. They made the Guarantee Fund to give investors like you and I extra peace of mind, especially those who don’t like taking big risks.
In short, it’s their way of saying: “We’ve got your back.”
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