Introduces Credit Lines, Bonus Rewards, and Staking to its P2P Lending & Borrowing Marketplace

97 Introduces Credit Lines, Bonus Rewards, and Staking to its P2P Lending & Borrowing Marketplace

Through its decentralized financial lending marketplace, dives into the world of credit lines, staking, and bonus rewards. The platform also now supports a variety of different collaterals and assets, as well as fiat on- and off-ramps. has reached a major milestone in its mission to reinvent the financial loan business. For borrowers, the decentralized marketplace specializes in fixed interest rates and terms, as well as DeFi fixed-income funds for lenders.

Its foundation technology links borrowers’ loan requests with lenders’ fixed-income funds and immediately liquidates loans if no repayment occurs or collateral value falls., unlike other DeFi protocols, does not profit from liquidations. Liquidator bots won’t be able to profit from liquidating under-collateralized borrowers because the remaining funds are transferred to the borrowers. has been updated with additional features, products, and services:


Multiple borrows against different types of collateral are possible with credit lines. Users must pay for gas in order to open a credit line, deposit collateral, and repay the loan. However, as stated here, most borrowing transactions will not be subject to gas fees.

Staking: To acquire SMARTCREDIT tokens, all holders can engage in staking. To get rewards, staking requires keeping tokens locked up for at least 90 days.

Borrower and lender bonus awards: The borrower/lender ratio determines the weekly SMARTCREDIT distributed benefits. When one part is larger than the other, the smaller segment will be rewarded more.

New Assets and Collaterals: EPAN, ORION, PNT, and pBTC, among other partner tokens, can now be used as collateral. SMARTCREDIT, wBTC, ETH, wETH, DAI USDC, and USDT are also affected. SMARTCREDIT and FRAX are new assets to borrow on

Fiat off-ramp and on-ramp: Through a bank account, users can change fiat to crypto and vice versa. The Mt Pelerin bridge wallet requires users to go through a KYC procedure for high conversion wallets.

All of these developments will aid in bridging the gap between traditional finance and’s decentralized approach. Furthermore, unlike other DeFi protocols, the project concentrates on pure peer-to-peer transactions rather than peer-to-pool-to-peer.

The updates to follow a new partnership with Frax Finance, which will allow the project to expand its user base and educate the public about the advantages of fixed-term lending and borrowing.