B.Protocol
bprotocol.orgLocations
Tel Aviv-Yafo, Israel · Ezor Tel Aviv, Israel
industry
Information Technology
Size
1 - 10 employees
Stage
Seed
founded in
2020
B-Protocol, a decentralized backstop liquidity protocol, where Backstop Liquidity Providers (BLP) buy their right to liquidate under-collateralized loans and share their profits with the users of the platform. As a result, the users (borrowers and lenders) receive additional yield to their usual interest rate. The proposed mechanism eliminates the need for gas wars between liquidators, and thus transfers a big part of the protocol value back to the borrowers and lenders, which in turn improves their effective interest rate.
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