Basic Decentralized Finance
Decentralized lending is what this platform is all about.
Community approved lending is the key to decentralization.
The community will vote on all proposed projects by borrowers and directly profit from funding people within their own community.
Borrowers earn Cobalt (CBLT) Tokens for participating in the protocol, therefor providing extra incentive for the entire ecosystem while stimulating growth of the protocol.
This will increase the value of the Cobalt (CBLT) Token and in direct correlation will bring new users into the ecosystem, therefor increasing the value of the over all protocol
Cobalt Lend Ecosystem Overview
Cross ANY Ecosystem!
Transparent Revenue Model
The "Revenue Model" is completely open to the community and adjusted by community vote at any time.
Borrowing & Lending
All from your mobile phone!
Community Lending to The Cobalt Treasury
Role of the Lender (Wallet Holder)
- Community Member logs into user dashboard and selects the desired asset to commit to the Cobalt Treasury.
- Community Member (Lender) also selects the type of asset rewards they want to receive as “rewards” for lending assets to the Cobalt Treasury.
- Lender locks funds with Cobalt treasury for specified period of time.
- After the lock period expires the lender receives their original assets back & selected rewards
*Rate of rewards will initially be set by the Cobalt Foundation & ultimately adjusted by community vote