Репост из: Minter Network
Crypto-Backed Lending
The BIT team built a prototype system that automatically issues short-term loans in BIP with ETH and USDT as collateral. Once Minter 2 is live, MinterEVM smart contracts will be running all processes independently.
As the network grows more popular, one will also be able to borrow BIP against future rewards from mining.
For now, you can test the alpha version using the @GarantoBot.
We urge all developers to actively learn Solidity and explore interesting cases on the Ethereum network that could later be brought to and applied in Minter 2.
The BIT team built a prototype system that automatically issues short-term loans in BIP with ETH and USDT as collateral. Once Minter 2 is live, MinterEVM smart contracts will be running all processes independently.
As the network grows more popular, one will also be able to borrow BIP against future rewards from mining.
For now, you can test the alpha version using the @GarantoBot.
We urge all developers to actively learn Solidity and explore interesting cases on the Ethereum network that could later be brought to and applied in Minter 2.