DEX and DeFi Finance!
DEX and DeFi Finance.
Let's try to figure out how this will work.
Are you ready? Then let's go.
As you have already realized, this will be a cryptoasset exchange.
The difference from other DEXs is that this exchange will have a feature like DeFi finance with a lending function.
📌What do you mean by the lending feature?
The lending feature means that you, as a customer of the exchange, will be able to take out a loan for your personal needs.
To get your loan approved you will need to leave collateral such as Bitcoin, Etherium, Solana. DOGX.
While the loan is active, your assets will be frozen.
Once the (loan) is repaid, your assets will be available for further use or withdrawal.
📌How will this work?
For example, you want to use the loan feature.
You will need to lock your assets for the selected loan period.
After that, you will have access to 85% of the funds from the full value of your locked assets.