Introducing bLending

3 min readApr 14, 2021

Waiting for a platform to boost your assets through lending?

We are super excited to launch bLending — the native bEarn lending platform that allows users to borrow and lend bEarn ecosystem’s tokens and other cryptocurrencies.

What is a Lending platform?

When investing in the cryptocurrency market, one of the biggest challenges you could face is cash flow — and there’s nothing worse than having to raid the capital you’ve got tied up in assets for short-term costs and lack of liquidity.

Crypto lending platforms come to rescue you from that obstacle. Typically, Lender will be given the opportunity to use his Token(s) as collateral — and receive a loan in form of stablecoins. Owing to the volatility of digital assets, he’ll normally have to “overcollateralize,” meaning he’ll have to lock up more than the overall value of the funds he’s receiving. Once he’s repaid back the loan, plus interest, his crypto will be returned in full — and he’ll make a handsome profit if Token ended up appreciating as he predicted.

Benefits of the Lending platform

Lending platforms offer major benefits to crypto holders that cryptocurrency exchanges cannot do. 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.

What is bLending? ( — Alpha launch)

bLending is the lending platform for users to borrow and lend tokens of the bEarn ecosystem. Initially, we launch the set of assets for the tokens below:

Collateral ratio(will be amended after beta closed)

  • BDO: 5%
  • BNB: 50%
  • BUSD: 75%

Other tokens will be added by team selection or community vote!

Price feed:

  • Band Protocol price feed for BNB, BUSD
  • BDO price feed through ChainLink across pair (BNB/USD)

BFI incentive for supplying to the lending platform:

  • blBDO: 2x
  • blBNB: 1x
  • blBUSD: 1x

BFI supply incentive will be available 24 hours after launch

  • Go to → Supply BDO/BUSD/BNB to receive blBDO/blBUSD,blBNB → Stake blBDO/blBUSD,blBNB to the appropriate pools
  • 75% reward will be unlocked from the block: and vested linearly in 6 months. After that, users can redeem xBFI to BFI accordingly
  • While the 75% rewards are locked, users will receive the xBFI token which can be used to stake in Multi-Pegs pools or provide liquidity CAKE LP xBFI/BFI to earn BFI

Typical example about the usage of bLending:

  • You have BUSD available? → Deposit BUSD to bLending and borrow BDO → Use BDO to farm in Multi-Peg pools with #juicy APY
  • You have BDO available? → You need BUSD and don’t want to sell BDO? → Deposit BDO to bLending and borrow BUSD → Use BUSD to solve your cash flow issue → Issue fixed → Return BUSD to get BDO back

What’s next?

For users:

  • Closed beta version — fully functional
  • Voting on the next assets

For projects:

  • Adding project’s asset via collaboration (terms and conditions TBA)

About bEarn Fi

bEarn Fi is a cross-chain product in Decentralized Finance (DeFi) that at its core provides yield generation, casino/gaming aggregation, bridge, treasury and governance on multi-chain: Binance Smart Chain blockchain (BSC) and Ethereum blockchain.

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