Users who want to borrow any of the supported digital assets from Multi-Chain Lend (MCL) must pledge collateral that will be locked on the protocol. These assets must be over collateralized and will enable borrowing up to 75% of that collateral value. These collateral ratios are determined by the protocol and are controlled through the Governance process, which is documented in this Litepaper. Borrow cryptocurrencies and stable-coins with no credit check and fast origination directly on Binance Smart Chain.
Borrow Fee is 0.001%
Β· 70% to the liquidity providers
Β· 20% to the governance pool
Β· 10% to reserve pool
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