đ„ïžWhat is LIQUIDIUMTOKEN? Lending protocol on Bitcoin Liquidium
đżLiquidium is a project that supports P2P Bitcoin borrowing and lending activities. Users can use Bitcoin-based assets such as Ordinals, Runes as collateral to borrow or lend BTC. Operations on Liquidium are facilitated and safely through two mechanisms: Partially Signed Bitcoin Transactions (PSBT) and Discreet Log Contracts (DLC.
đCurrently, Liquidium is compatible with Xverse and Magic Eden wallets. Both are available as browser extensions.
đČThe project has just announced the completion of its Seed capital call on July 18, successfully raising 2.75 million USD. Previously, in the Pre-Seed round, the project earned 1.25 million USD.
đMechanism of action of Liquidium
đBorrow assets
â Liquidium system provides a list of qualified collateral.
â Borrowers find the collection they own in the "Borrow" page.
â Select the Ordinal you want to use as collateral and click on "Borrow".
â Check loan conditions including loan amount, loan term, interest rate.
â After the lender confirms, the system will send a notification and the loan will take effect.
đź Asset lendingÂ
đThe Liquidium system provides a list of qualified collateral.
đLenders select the Ordinals collection they want as collateral in the "Lend" page.
đSet parameters for the loan.
đWait for system notification when a borrower agrees to the requirements. Confirm to start loan.
