The Mechanics of the Interest Protocol
The Interest Protocol operates through a sophisticated framework designed to facilitate decentralized lending and borrowing. At its core, the protocol utilizes smart contracts, which automate the entire lending process. When users deposit their assets, these contracts manage loan terms, interest rates, and repayment schedules without requiring human intervention. This automation enhances efficiency and reduces the potential for disputes. The protocol’s dynamic interest rates are influenced by...
The Mechanics of the Interest Protocol
The Interest Protocol operates through a sophisticated framework designed to facilitate decentralized lending and borrowing. At its core, the protocol utilizes smart contracts, which automate the entire lending process. When users deposit their assets, these contracts manage loan terms, interest rates, and repayment schedules without requiring human intervention. This automation enhances efficiency and reduces the potential for disputes. The protocol’s dynamic interest rates are influenced by...
