Lenders

Users may participate with supported digital assets on the platform, which can be used as collateral for loans or as liquidity. Supplying digital assets to the platform gives users the ability to participate as "LENDERS" while maintaining the security of collateral in the protocol. Lenders will earn a variable interest rate depending on the utilization of that specific market. All user assets are pooled into smart contracts so that lenders can withdraw their supply at any time, given that the protocol balance is positive. In addition, lenders earn from the loan origination and flash-loan fees.

Example:

Users who supply their digital assets to Multi-Chain Lend (MCL) will receive an ​mToken​ (such as mBTC),​ which is the only token that can be used to redeem the underlying collateral supplied. This will enable lenders to use these tokens to hedge against other assets or move them into cold storage wallets that support Binance Smart Chain.

Example: