Dear bEarn community,
Finally, the long wait is over — sBDO and bBDO are coming to bLending!
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.
For more information on bLending, please read on: bDollar — bLending
More assets available on bLending
One week since the launch of the Alpha version, bLending has now more than $27,000,000 TVL (total value locked), including more than $400,000 in Borrowing for the time being.
Through this update, we will be adding TWO more native assets: bBDO (Bond) and sBDO (Shares) with details as follows:
sBDO on bLending
- Collateral factor: 5%
- Max borrow cap: 250 sBDO
- blsBDO reward multiplier: 1x
- Double-dipping for Boardroom stakers with xsBDO — more details to be provided in late April
bBDO on bLending
- Collateral factor: 5%
- Max borrow cap: 500,000 bBDO
- blbBDO reward multiplier: 1x
bBDO and sBDO go live on bLending at block: https://bscscan.com/block/6758800
Staking pool for blbBDO and blsBDO start at block: https://bscscan.com/block/6761200
What’s next on bLending?
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, algorithmic stablecoin, gaming aggregation, bridge, treasury, lottery, lending, and governance on multi-chain: Binance Smart Chain blockchain (BSC) and Ethereum blockchain.
Follow bEarn Fi on Medium and other channels to not miss any updated news!
Telegram: https://t.me/Bearn_Fi
Discord: https://discord.gg/j2TRcSHRe3
Medium: https://medium.com/@bearn.defi
Twitter: https://twitter.com/bDollar_Fi
Twitter: https://twitter.com/BearnFi
Mail: contact@bearn.fi
