STORMBIT

A marketplace that connects lenders to borrowers

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Lending pool

iconCheap Local Lending
Supply APY11.8 %
Borrow APY11.8 %
iconCheap Local Lending
Supply APY11.8 %
Borrow APY11.8 %
iconCheap Local Lending
Supply APY11.8 %
Borrow APY11.8 %
iconCheap Local Lending
Supply APY11.8 %
Borrow APY11.8 %
iconCheap Local Lending
Supply APY11.8 %
Borrow APY11.8 %
iconCheap Local Lending
Supply APY11.8 %
Borrow APY11.8 %

How micro-lending works ?

iconMicro-lending Application ProcessBorrowers undergo KYC verification to apply for micro-loans. They submit loan applications, choosing an amount and a repayment strategy from available options. Applications are visible to lenders for review.
iconStake-to-Lend MechanismLenders stake tokens into a lending pool to provide liquidity. Their stake grants them voting power to approve or reject loan applications based on the trust and data exchanged with borrowers.
iconVoting and ApprovalPool managers and lenders with voting power review loan applications. Decisions are made collectively, based on the borrower's data and the terms of the loan agreement, including interest and repayment schedule.
iconDisbursement and RepaymentApproved loans are disbursed daily at 00:00 UTC. Borrowers can manage their loans through the dashboard, making repayments according to the agreed schedule and conditions of the off-chain or on-chain agreements.

Market Stats

stats
$ 12MTotal Borrow
$ 12MTotal Supply
0.29%Average Supply APY
0.29%Average Borrow APR
StormBit2024 @StormBit

To the maximum extent permitted by applicable law, in no event shall the Company or its suppliers be liable for any special, incidental, indirect, or consequential damages whatsoever (including, but not limited to, damages for loss of profits, loss of data or other information), even if the Company or any supplier has been advised of the possibility of such damages and even if the remedy fails of its essential purpose.