How SolCred Works

Borrowing Process

Deposit Any Token: Borrowers can deposit meme coins, altcoins, or stable assets as collateral.
AI Risk Assessment: The AI evaluates the collateral’s liquidity, security, and smart contract risks.
Loan Approval: If the collateral meets SOLCRED’s safety standards, borrowers can borrow up to 500 SOL or stablecoins instantly.
Fee Payment: Borrowers pay a 5% daily fee upfront for 7 days (unused fees refunded on early repayment).
Repayment: Borrowers can repay at any time within 7 days to retrieve their collateral.
Liquidation: If a borrower fails to repay, collateral is forfeited, and their $SRD membership is revoked.

Deposit SOL, USDT, or USDC into the lending pool.
AI-Backed Security ensures only high-quality borrowers receive funds.
Lenders Earn 1% Daily Interest (365% APY), secured by borrower fees and the insurance pool.
Funds remain insured, covering lender losses if defaults occur.
Withdraw anytime, as long as funds are not actively loaned.

Last updated 4 months ago

Deposit Any Token: Borrowers can deposit meme coins, altcoins, or stable assets as collateral.
AI Risk Assessment: The AI evaluates the collateral’s liquidity, security, and smart contract risks.
Loan Approval: If the collateral meets SOLCRED’s safety standards, borrowers can borrow up to 500 SOL or stablecoins instantly.
Fee Payment: Borrowers pay a 5% daily fee upfront for 7 days (unused fees refunded on early repayment).
Repayment: Borrowers can repay at any time within 7 days to retrieve their collateral.
Liquidation: If a borrower fails to repay, collateral is forfeited, and their $SRD membership is revoked.

Deposit SOL, USDT, or USDC into the lending pool.
AI-Backed Security ensures only high-quality borrowers receive funds.
Lenders Earn 1% Daily Interest (365% APY), secured by borrower fees and the insurance pool.
Funds remain insured, covering lender losses if defaults occur.
Withdraw anytime, as long as funds are not actively loaned.

Last updated 4 months ago