ApuCoin Decentralized Bank

Borrowing

Apucoin Rocket hosts a completely decentralized lending and borrowing platform for its users. Let’s say that you or a family member is hospitalized and you can’t afford the bill. You can avail of an instant loan to pay the bills.

Loans in DeFi have always relied on collateralization. This is where Apucoin Rocket stands out. On our platform, you don’t have to put up an amount in crypto or fiat as collateral. Instead, the smart contract automatically collects a small amount as fees the next time you deposit your money into the platform. Users will eventually pay the principal amount plus variable interest, just like traditional loans, with the exception that the interest percentages will be much more affordable.

The loan facility will only be available to users that have made a predefined number of deposits on the platform. If the user is unable to pay back the loan, the funds in their vault proportional to the amount that they owe will automatically be liquidated by the smart contract.

Lending

Users can help out other users by lending their crypto to a lending pool. They get interest income depending on their share of the pool and can withdraw their funds at any time. Each withdrawal will levy a small fee from the lenders, and this fee will be used to buy back APU and will be burnt.

Helper Farms

Apucoin Rocket’s yield farms are intended to help both the platform and the users.

Users can provide liquidity to Apucoin pairs on Decentralized Exchanges and stake them on the Apucoin Rocket platform. The users get yield in Apucoins (APU). Unstaking will levy a percentage of withdrawal fees and will be burned. This incentivizes users for holding APU and keeps the token price stable through the burning mechanism. This also encourages users to save their APU instead of spending it.