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Bluebelt Social Lending

Where both Lenders and Borrowers win.

Lenders get guaranteed payments through crypto collateral.
Borrowers get instant cash without selling crypto holdings.

1. Create a Loan Request

LCreate a Loan with crypto collateral and issue loan tokens with 1:1 exchange rate with your loan currency.

Example
  • Borrower creates 30-day loan request @ 60% annual interest.
  • Collateral us BTC worth 2000 USD.
  • Platform issues 1000 ABC tokens worth 1000 USD for that request.

2. Get Loan from Lender

Sell your loan tokens on the Exchange platform to willing Lenders at the original loan token price.

Example
  • Borrower sells 1000 ABC tokens to willing Lenders on Exchange for a total of 1000 USD.

3. Repay your Loan

a. Buy back your loan tokens using cash at a higher price (original loan amount + interest) within 30 days.

Example
  • Borrower buys back 1000 ABC tokens for 1050 USD ($1000 + 50 USD interest).
  • Borrower receives back the BTC collateral.

b. If you fail to repay, system liquidates your collateral to pay the Lender.

Example
  • System liquidates BTC collateral worth 1050 USD.
  • Borrower gets back BTC collateral worth 950 USD.

Borrow

1. Create a Loan Request

LCreate a Loan with crypto collateral and issue loan tokens with 1:1 exchange rate with your loan currency.

Example
  • Borrower creates 30-day loan request @ 60% annual interest.
  • Collateral us BTC worth 2000 USD.
  • Platform issues 1000 ABC tokens worth 1000 USD for that request.

2. Get Loan from Lender

Sell your loan tokens on the Exchange platform to willing Lenders at the original loan token price.

Example
  • Borrower sells 1000 ABC tokens to willing Lenders on Exchange for a total of 1000 USD.

3. Repay your Loan

a. Buy back your loan tokens using cash at a higher price (original loan amount + interest) within 30 days.

Example
  • Borrower buys back 1000 ABC tokens for 1050 USD ($1000 + 50 USD interest).
  • Borrower receives back the BTC collateral.

b. If you fail to repay, system liquidates your collateral to pay the Lender.

Example
  • System liquidates BTC collateral worth 1050 USD.
  • Borrower gets back BTC collateral worth 950 USD.

Lend

1. Check out Lending Market

Look for available loans on the Lending Market.

Example
  • Lender looks at Lending Market
  • Lender views details of Loan that sells 1000 ABC tokens for 1000 USD

2. Loan out to Borrower

Buy loan tokens form the Borrower on the Exchange platform at the original loan price.

Example
  • Lender buys 1000 ABC tokens from Borrower on Exchange for a total of 1000 USD.

3. Receive Repayment for Loan

a. Sell back loan tokens for cash at a higher price (original loan amount + interest) within 30 days.

Example
  • Lender sells back 1000 ABC tokens for 1050 USD ($1000 + 50 USD interest).
  • Borrower receives back the BTC collateral.

b. If you fail to repay, system liquidates your collateral to pay the Lender.

Example
  • Borrower fails to buyback 1000 ABC tokens for 1050 USD.
  • System liquidates BTC collateral worth 1050 USD.
  • Lender receives the liquidated BTC collateral as compensation.
  • Borrower gets back BTC collateral worth 950 USD.

Make money through Social Lending now!

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