Your video is very self explanatory. I see excellent teamwork. What kind of new updates do you think would be useful for your future?
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Such a nice video presentation, very articulate and straight to the point. Please what is the ratio of collateral to the borrowed amount.??
Thank you
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Thank you @Stounag8 for the complements to the team, about future updates the most important are further decentralising our protocol, where all decisions governing how our protocol operates are decided by a DAO, and a token, tokenomics that incentivize Dao members, helping the protocol thrive further.
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Thanks @Nana66419 for your appreciation of our presentation.
Collateralised loan ratios is one of the problems we are solving with Darsh, moving away from price based loans to time based where the lender sets terms and the borrower accepts them to take the loan or chooses another lender whose terms are favourable hence competition between lendersâ terms and borrowersâ widened choice of different lender terms.
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The smart contract controls the collateral locked up by the borrower, no one else but the smart contract.
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Thanks for the clarification
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Such a nice initiative, so if i am getting you right liquidation can only occur after the days has been reached and not when coins tank?
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Thanks for appreciating. You are welcome.
For Borrowers:
Terms Structuring: Borrowers willing to collateralize an asset type for a loan are enabled to create an offer with sets of predetermined terms, specifying the principal amount needed, loan duration, interest rate as a bid to a potential lender.
Yes @Nana66419, that is right liquidation can only occur after the loan repayment period has expired but NOT when coins dip.
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Thank you for the clarification
You are welcome @Nana66419
Offer Bidding: on a lend loan offer, borrowers are allowed to directly request for a borrow loan offer with loan terms relative to the lend loan initially offered by a lender.
Permissionless Borrowing: principals can be borrowed by borrowers permissionlessly from a lend loan offer created by a lender, once the loan terms demanded are met.
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Customed Repayment: Loan repayments are ease for borrowers to reassess their collateralized asset anytime once repaid. Repayments can be paid in proportions or once within the loan duration specified.
How it works.
Assuming the Loan Offer was initially created by a Lender for borrowers to join.
Note: Emissions accrued claimable by the lender includes both the one accrued on the principal (while waiting to be borrowed), and on the borrowers collateral (while waiting for repayment).
Asset Vault co-opting as a decentralized escrow between the lender and borrowers.
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Create Lend offer
To Lend out a certain amount of principal as a loan, Lenders are required to create a loan offer by signing and approving a set of predetermined loan terms needed to be met and countersigned by borrowers.
Benefits of creating a Lend loan offer.
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Borrowers can borrow from offers permissionlessly once loan terms are met.
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Earn emissions on your idle principal while waiting for a borrower match.
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Receive loan requests on created offer.
Manage requests
On creating a lend loan offer, lenders are automatically open to receive borrow request from borrowers willing to borrow from a loan offer but needs the loan terms modified. Borrowers are allowed to make requests as long as the loan offer remains open, although borrowers are limited to make a request per each loan offer.