Bakn
Lender
Put your money at work. Give it to the borrowers and make a good interest.
You'll get a lock in collateral as a guarantee. Your money should be always your money.
Borrower
Borrow with trust from lenders. You'll get stablecoins and give back any supported coins/tokens as a collaterall.
Finished to pay the loan? No worries, your collateral should be back in your wallet.
How it works?
1.
Post your offer to Bakn
Do you have stablecoins and want to get some interest? Post an offer with the amount and Bakn will find you a borrower
2.
It's a match?
Once there is a match between, your USDC will go out into the borrower's accoount
3.
Wait! And what's my guarantee?
The borrower will send you back a collateral as a guarantee
4.
The collateral...
The collateral received from the borrower will be put in a so called locked account. You will see the collateral all the time. Yes, you will be the auditor!