🔀Lending & Borrowing P2P

A new protocol on the TradingGPT platform helps lenders and borrowers transparently manage their assets. Lenders can set balanced indexes for their capital sources, and borrowers have the right to choose more loan packages suitable to their loan purposes.

What is Lending and Borrowing P2P?

An improved algorithm from the old Lending & Borrowing model. Helps borrowers and lenders receive more security and transparency in their transactions. Borrowers and lenders will be connected directly to each other without depending on any intermediaries.

Lenders will be able to establish the necessary metrics for their loans, such as:

• Minimum loan amount

• Type of property that accepts mortgages

• Mortgage rate

• Liquidation rate

• Prepayment penalty fee

• Profit cycle

• Interest rate

• Loan contract term

Borrowers can choose loan packages that suit their financial plans, such as:

• Maximum loan amount compared to collateral

• Interest rate

• Borrowed time

• Interest payment cycle

Smart contracts will manage collateral in a transparent and fair manner. The collateral will be held in the smart contract and returned to the borrower only when the loans have been repaid.

If the borrower does not repay the loan beyond the specified period, the smart contract will automatically release the collateral for the lender to liquidate and recover the debt.