Degree Collateral Swap
Last updated
Last updated
The Degree Collateral Swap Program is another Decentralized Finance (DeFi) development initiative by Degree Crypto Token. This program connects users as borrowers with other users as lenders (Peer-to-Peer) within a Web3 platform.
On this platform, users or DCT holders can use their DCT as collateral to obtain loans in the form of stablecoins (Swap) from other users acting as lenders for a specific period. Lenders benefit from the collateralized DCT or the agreed-upon repayment fee for the loan (stablecoin), with all transactions executed on the TRC-20 Smart Contract.