What Is BenPay Lending?
BenPay Lending is a peer-to-peer (P2P), fixed-rate staking and lending protocol based on a matching cycle.
It utilizes a matching cycle mechanism to facilitate fixed-rate transactions between borrowers and depositors, solving the problem of constantly fluctuating interest rates commonly seen in traditional DeFi lending. Users can stake BTC assets to borrow BUSD, or lend out BUSD to earn stable interest. Currently, the supported main assets include:
-
BTC (used as collateral)
-
BUSD (used as the lending asset)
Why Choose BenPay Lending?
BenPay Lending's most significant advantage lies in its fixed interest rate + matching cycle mechanism:
-
Fixed Rate, Stable Interest: Within a matching cycle, the borrowing interest rate is locked and remains unchanged, allowing users to anticipate their funding costs or returns, thereby avoiding the extreme interest rate volatility common in DeFi.
-
Example: The borrower borrows BUSD at a fixed interest rate of 8% APY, and the interest rate remains 8% during the period, regardless of market interest rate fluctuations.
-
-
Transparent Matching Model, High Success Rate: Periodic matching efficiently aligns the needs of borrowers and lenders.
-
On-Chain Transparency, Controllable Risk: Every transaction, staking, and borrowing action is completed on-chain, traceable, and verifiable.
-
Decentralized Operation, Reduced Risk of Human Intervention
BenPay Lending Official Links & Community Channels
-
BenPay Lending Official Link: To be added
-
BenPay Official Website: https://www.benpay.org