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Vendor Finance is a decentralized lending protocol that allows users to lend and borrow tokens. Lenders can choose the collateral they want to accept, the token they want to lend, and the interest rate they want to charge. Borrowers can select a loan, deposit collateral, and receive their loan. Loans must be repaid on time, with interest, or the borrower's collateral will be defaulted.
By Leviathan News5
11 ratings
Vendor Finance is a decentralized lending protocol that allows users to lend and borrow tokens. Lenders can choose the collateral they want to accept, the token they want to lend, and the interest rate they want to charge. Borrowers can select a loan, deposit collateral, and receive their loan. Loans must be repaid on time, with interest, or the borrower's collateral will be defaulted.