B-Protocol, a decentralized backstop liquidity protocol, where backstop liquidity providers (BLP) buy their right to liquidate under-collateralized loans and share their profits with the users of the platform. As a result, the users (borrowers and lenders) receive additional yield to their usual interest rate. The proposed mechanism eliminates the need for gas wars between liquidators, and thus transfers a big part of the protocol value back to the borrowers and lenders, which in turn improves their effective interest rate.
| Website | https://www.bprotocol.org/ |
| Employees | View employees |
| Founded | 2020 |
| Technologies |
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| Industry | Information Technology and Services |
| Keywords | Decentralized Finance, Defi Lending, Crypto Lending, Decentralized Lending, Cryptocurrency Lending, Blockchain Protocol, Liquidity Provider, Defi Platform, Risk Management, Smart Contracts, Profit Sharing, Blockchain Technology, Decentralized Applications, Peer To Peer Lending, Financial Technology, Digital Assets |
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