🌐How SolCred Works

Borrowing Process

1. Deposit Any Token: Borrowers can deposit meme coins, altcoins, or stable assets as collateral.

2. AI Risk Assessment: The AI evaluates the collateral’s liquidity, security, and smart contract risks.

3. Loan Approval: If the collateral meets SOLCRED’s safety standards, borrowers can borrow up to 500 SOL or stablecoins instantly.

4. Fee Payment: Borrowers pay a 5% daily fee upfront for 7 days (unused fees refunded on early repayment).

5. Repayment: Borrowers can repay at any time within 7 days to retrieve their collateral.

6. Liquidation: If a borrower fails to repay, collateral is forfeited, and their $SRD membership is revoked.

Lending Process

1. Deposit SOL, USDT, or USDC into the lending pool.

2. AI-Backed Security ensures only high-quality borrowers receive funds.

3. Lenders Earn 1% Daily Interest (365% APY), secured by borrower fees and the insurance pool.

4. Funds remain insured, covering lender losses if defaults occur.

5. Withdraw anytime, as long as funds are not actively loaned.