Lending & Borrowing
You can use pwn.xyz for lending and borrowing $BCTS tokens on Polygon.
Last updated
You can use pwn.xyz for lending and borrowing $BCTS tokens on Polygon.
Last updated
AI explaining blockchain lending like I am 5.
Imagine you have a big box of candies, and you decide you want to share them with your friends at school. But instead of just giving them away, you make a little deal with your friends: They can take some candies now if they promise to give you back more candies later—maybe after a week. So, if a friend takes 10 candies today, they might give you back 12 candies next week. This way, you end up with more candies than you started with!
Now, let's say you also sometimes need extra candies because you want to have the biggest, most awesome candy collection. So, you ask your friends if you can borrow some of their candies, promising to give back more than you took, just like they do with yours.
This whole idea of giving candies to get more back, and sometimes borrowing candies and returning even more, is kind of like what adults call "onchain lending and borrowing" with digital assets.
Here is an example of a proposal 33% APR 30 days LTV 54%
