Lending and Borrow
Note: This feature will be coming soon. In the meantime, you can read more about it
Risebit's Lending and Borrow system offers 100% decentralized lending. Users will be able to borrow in BUSD in comfortable installments and with low interest rates compared to the traditional system, for this they will need to leave as collateral crypto assets such as Bitcoin, Ethereum, Ada, Polkadot, Avax, Solana, among others.
Users will be able to pay in installments or in full your loan. Once an installment is paid, the equivalent of the collateral is returned to the user, if the user pays their loan in full, all collateral is returned.
Risebit in order to keep liquidity protected, the smart contract will establish a settlement price. If for any reason the price of the collateral decreases to that amount, the Risebit oracle system will execute a sale transaction of the collateral and reestablish the liquidity, including the taxes associated with the loan.
The additional fee charged per loan will be distributed as follows: