Binance's new offerings are here!
Brothers, I should be the first to post in the square
This time, those qualified should prepare BNB in advance
If you can't borrow BNB, you might try Lista Lending.
Official Twitter has the address
The process is simple!
1. Deposit assets into the treasury
a. Suppliers deposit loan assets (e.g., USDT) into the treasury of their choice.
b. Each treasury has only one type of loan asset (e.g., USDT), which can be deployed across multiple markets.
c. Once deposited, the treasury will allocate loan assets in these markets to earn yields over time.
2. The treasury matches suppliers and borrowers (P2P)
a. The treasury actively manages matching suppliers and borrowers in its relevant markets:
b. Direct P2P lending occurs. The treasury's loan assets (e.g., USDT) are lent out through specific markets, earning interest from that specific market. This P2P model provides higher interest for suppliers and lower borrowing costs for borrowers.
3. Borrowing with collateral
a. Users who want to borrow select a market to borrow from and deposit the required collateral. For example, in the USDT/BNB market, the borrower deposits ETH as collateral and borrows USDT. b. The market locks the collateral and issues the borrowed asset USDT. c. The loan parameters for each market (e.g., LLTV, collateral type, etc.) are defined at deployment.
4. Interest rates adjust automatically
a. The interest rates for each market adjust automatically based on supply and demand (utilization).
b. The market available on Lista Lending uses multiple oracle systems to obtain accurate price information, protecting against price manipulation and ensuring fair loan valuation.
5. Repayment or liquidation
a. Borrowers can repay at any time, including any accrued interest.
b. Once the loan is repaid, the collateral will be fully returned to the borrower.
c. If the value of the collateral falls below the LLTV ratio, the system will trigger liquidation, selling the collateral to cover the loan, ensuring the treasury remains solvent and protects the suppliers.
6. Withdraw your funds
a. Suppliers can withdraw their deposits and earn interest at any time, provided the treasury has available liquidity.
b. The borrower will return the collateral after full repayment.
