xBank Overview
- What is xBank?
xBank, developed on the zkSync Era, is a protocol that facilitates a non-custodial market for liquidity, handling lenders' deposits and extending loans to borrowers. It prioritizes risk control measures to safeguard lenders against potential liquidity and insolvency challenges, thus maintaining a trustworthy space for financial transactions. Lenders earn passive income through interest rates that are set by an algorithm, based on the asset's supply and demand, while borrowers can access loans using their assets as collateral, agreeing to pay a variable interest rate that also depends on market conditions.
- Main Features
- Decentralized and non-custodialCross-margin featureCommunity governedRevenue sharing
- Blockchains
- ZkSync Era, Starknet
Related Apps
A decentralized lending protocol on zkSync Era, maximizing capital efficiency through P2P lending model.
A new type of money market introducing bribe-reward tokenomics to motivate users to provide liquidity.
LayerBank is a DeFi platform for borrowing, lending, and swapping crypto across different blockchains.
Frequently asked questions
Users can freely borrow or lend ETH, USDC, and WBTC on xBank's platform.
xBank employs a double-slope floating interest rate model based on asset supply and demand, with rates adjusting according to utilization levels. A special mechanism adjusts rates sharply once utilization exceeds 80%, encouraging more deposits and loan repayments to manage liquidity risks effectively. This model ensures flexibility and risk management in lending and borrowing activities.
XBank relies on smart contracts for its functionality. Bugs or exploits in these contracts could lead to unexpected outcomes and potential loss of funds. Cryptocurrency prices can fluctuate significantly. This volatility could impact both lenders and borrowers, potentially leading to losses. Borrowers might default on their loans, impacting lenders. XBank might utilize overcollateralization to mitigate this risk, but it's not entirely eliminated.
Customer Reviews
Share your thoughts
If you’ve used this app, share your thoughts with others.
There are no reviews yet!
Be the first and add a review.
Explore Top Apps
If you enjoy using xBank, you’ll love those Decentralized Finance apps.
Stay ahead in Web3!
The latest Ethereum and L2s apps, tools and resources, sent to your inbox.
