⁉️What's new on Debita V2

Users can create offers to borrow or lend ERC-20 tokens. They specify the collateral type (token, NFT or veNFT), Loan-to-Value ratio, interest duration, and payment amount.

Debita's core loans have fixed terms and fixed rates. This allows borrowers to access capital without the risk of priced-based liquidations. Opening countless new strategies. Our v2 adds a lot of relevant features to enable a more efficient market.

The lending pool feature allows borrowers to accept a fraction of a loan. This facilitates lending at larger scales. Auto-compounding positions. Lenders can choose to make offers perpetual, so that when loans are repaid, both capital and interest go back to being lent. Finally, users can now also edit offers while open.

On top of Debita v2 core contracts, we will create a debt rollover option. Using flash loans, you can extend the debt expiry date of your loan by paying only the interests for as long as you want. We are also pioneering the use veNFTs (like veEQUAL) as collateral. This includes voting and earning fees/bribes during the loan duration.

We're building on-chain lending from the ground up to enable endless possibilities in DeFi. Join us!