Introduction
Smart contracts are blockchain technologies that automatically execute and verify transactions. BitPower provides decentralized lending services through smart contracts to ensure secure and transparent transactions.
Core functions
Automatic execution of transactions: Smart contracts automatically conduct lending transactions according to preset rules.
Dynamic interest rate calculation: Adjust lending rates in real time according to market supply and demand.
Automatic liquidation mechanism: When the value of the mortgaged assets is below the threshold, liquidation is automatically triggered.
Asset mortgage management: Manage and protect the mortgaged assets of the borrower.
Main advantages
Security: After strict auditing, transactions are automatically executed to avoid human intervention.
Transparency: The code is open source and can be viewed and audited by everyone.
No intermediary: Users interact directly with the platform without the need for third-party institutions.
Efficiency: Automated processes simplify loan applications and processing time.
Conclusion
BitPower smart contracts provide users with an efficient and reliable decentralized lending platform through automation, transparency and security. Experience BitPower and enjoy the convenience and innovation brought by smart contracts!
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