Lending and borrowing platforms are an important part of DeFi. Through supply, demand, and tokenized incentives, crypto lending platforms set the market rate for on-chain passive income. These protocols are often composable, allowing other platforms to build on top of and use their infrastructure to create new products.
Bitlend is a permissionless, transparent, and non-custodial lending platform native to BitTorrent Chain. A fork of Compound Finance v2, it will be the first lending and borrowing protocol to launch on BTTC - paving the way for fast and scalable DeFi in the BTTC ecosystem. Bitlend’s entire codebase is comprised of Solidity, and will utilize Band price oracles in lieu of Chainlink.
More information on Band Protocol can be found here.