Excited with the launch of bLending?
We are bringing your heat to the next level by introducing the first partner to join bLending — Midas Dollar Protocol!
What is bLending?
bLending is the lending platform for users to borrow and lend tokens of the bEarn ecosystem. While the passive income advantage of crypto lending is obvious, crypto loans can also let an investor add liquidity to their bank account without triggering a taxable event. In case of borrowers, if you need liquid funds and you have a crypto investment that you don’t want to sell, you can take out a loan to acquire funds while also keeping your investment intact.
Current Collateral (will be amended over time)
- BDO: 5%
- BNB: 50%
- BUSD: 50%
For more information of bLending, please read at: bDollar — bLending
Midas Dollar Protocol collaboration
Initially, Midas Dollar Protocol supplies:
- 500,000 $BUSD
- 1,000,000 $BDO
- 1,000,000 $MDO
Borrowing capacity: 250,000 $MDO
Collateral factor for MDO is 5%, meaning for every $100 worth of MDO supplied, users can borrow up to $5 worth of other tokens.
Block countdown: https://bscscan.com/block/countdown/6903200
About Midas Dollar Protocol
Midas Dollar Protocol is designed by the Midas Protocol team as the algorithmic stablecoin on Binance Smart Chain.
About bEarn Fi
bEarn Fi is a cross-chain product in Decentralized Finance (DeFi) that at its core provides yield generation, algorithmic stablecoin, gaming aggregation, cross-chain bridge, treasury, lending, DEX, yield calculator, lottery, NFTs and governance on multi-chain: Binance Smart Chain blockchain (BSC) and Ethereum blockchain.
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