BLending

bLending is the lending platform within the bEarn.fi ecosystem that allows users to borrow and lend bEarn native tokens and other cryptocurrencies.

Features

 * Use your idle assets as collateral to borrow against at least five different assets with current borrow interest at or below 5% APY.
 * Ability to earn BFI and xBFI rewards by staking your supplied crypto.
 * Earn interest on your supplied assets.

Why should you use bLending?
Cryptocurrency lending platforms allows an investor to use their existing cryptocurrency as collateral in order to receive a loan in the form of other cryptocurrency, often stablecoins. With this loan, you can continue to play the crypto markets, while leaving your initial investment untouched. Once you pay back the loan - and any interest - your original, supplied collateral token will be returned in full. In an ideal scenario, you will make a profit from your loan, while at the the same time, your original investment increases in value.

If you aren't interest in receiving a loan, fear not. You can still supply your cryptocurrency to the lending platform, earning interest in the form of your supplied coin. You can then stake your supplied token earning the incentive APR in the form of both BFI and xBFI.

History of bLending

 * 14 April 2021: The bLending Alpha version launched and featured BNB, BDO, and BUSD. Reference https://bearn-defi.medium.com/introducing-blending-2d3dcd4b8683
 * 21 April 2021: The bLending Alpha version added sBDO and bBDO. Reference https://bearn-defi.medium.com/sbdo-and-bbdo-are-coming-to-blending-c30eda85b873
 * 26 April 2021: Midas Dollar Protocol joined bLending and supplied 500,000 BUSD, 1,000,000 BDO, and 1,000,000 MDO (the Midas Dollar algorithmic stablecoin). https://bearn-defi.medium.com/announcing-the-first-project-joins-blending-midas-dollar-protocol-f979286ed502

If you wish to take out a loan

 * 1) Access to bLending Platform.
 * 2) Select the "Lending" tab.
 * 3) Within "Supply Markets", select the token that you wish to supply/use as collateral.
 * 4) If necessary, select "Approve".
 * 5) Enter the amount of your token you wish to supply, and select "Supply".  Once the transaction is approved, you will receive a token containing "bl", such as blBUSD, blBDO, or blBNB.  These tokens are for use within the bLending platform.
 * 6) Turn on the "Collateral" option for your supplied token.
 * 7) Congratulations, you can now use your supplied token as collateral to borrow a coin within the borrow markets.

If you wish to stake your supplied tokens

 * 1) To be added

Notes/Common Mistakes

 * If you have borrowed against your collateral, you cannot stake your full balance of supplied tokens.