How to Participate in BitNest Lease(i)?

BitNest Lease is a decentralized leasing platform based on smart contracts, designed to provide users with secure and efficient leasing services. Below are detailed descriptions of BitNest Lease:

The platform lends tokens consistently as USDT (BEP/20).

• On the rental page, enter the quantity you wish to lend and select the type of token you need to pledge (BTC or ETH).

• After selecting the rental period, the smart contract will automatically calculate the number of tokens you need to pledge and the current price.

• Ensure that the quantity of crypto assets staked in the wallet is sufficient. After clicking to submit the leasing application order, the smart contract will automatically deduct the corresponding collateral crypto assets from the user's wallet address and send USDT equivalent to the leasing amount to the user's wallet address.

• The rental periods are consistent with the circulation cycle rules of the BitLoop platform, specifically 1 day, 7 days, 14 days, and 28 days.

• If the user chooses to rent for 1 day, he needs to pledge the designated token (BTC or ETH) with a value of 1.05 times USDT, and the daily payable capital supply dividend ratio is ≈0.7%.

• If the user chooses to rent for 7 days, he needs to pledge the designated token (BTC or ETH) with a value of 1.1 times USDT, and the daily payable capital supply dividend is ≈1%.

• If the user chooses to rent for 14 days, he needs to pledge the designated token (BTC or ETH) with a value of 1.3 times USDT, and the daily payable capital supply dividend is ≈1.2%.

• If the user chooses to rent for 28 days, he needs to pledge the designated token (BTC or ETH) with a value of 1.5 times USDT, and the daily payable capital supply dividend is ≈1.5%.

For example:

User A needs to rent 1,000,000 USDT, and the current price of each BTC is 50,000 USDT

^{User A enters 1,000,000 USDT in the rental amount, selects BTC as the pledged crypto asset, and selects a rental period of 1 day. Then the user needs to pledge BTC worth 1,050,000 USDT as collateral, 1,050,000/50,000=21 BTC and repay 1,000,000 USDT*(0.684%1)+1,000,000=1,006,840 USDT within 24 hours to redeem the pledged 21 BTC.}

^{User A enters 1,000,000 USDT in the rental amount, selects BTC as the pledged token, and selects a rental period of 7 days. Then the user needs to pledge BTC worth 1,100,000 USDT as collateral, 1,100,000/50,000=22 BTC and repay 1,000,000 USDT*(0.97714%7)+1,000,000 =1,068,400 USDT within 7 days to redeem the pledged 22 BTC.}

^{User A enters 1,000,000 USDT in the rental amount, selects BTC as the pledged token, and selects a rental period of 14 days. Then the user needs to pledge BTC worth 1,300,000 USDT as collateral, 1,300,000/50,000=26 BTC and repay it within 14 days, 1,000,000 USDT* (1.1604%*14)+1,000,000=1162,456 USDT, to redeem the pledged 26 BTC.}

^{User A enters 1,000,000 USDT in the rental amount, selects BTC as the pledged token, and selects a rental period of 28 days. Then the user needs to pledge BTC worth 1,500,000 USDT as collateral, 1,500,000/50,000=30 BTC and repay within 28 days, 1,000,000 USDT*(1.465714%*28)+1,000,000=1,410,400 USDT, to redeem the pledged 30 BTC.}

Application scenarios and typical borrowers:

Most users who participate in BitNest Leasing's smart contracts for asset leasing are institutions engaged in short-term cryptocurrency contract trading or large cryptocurrency holders. This reform was carried out through analyzing traditional financial leasing applications and their social impacts.

By providing asset liquidity to institutions and individuals engaged in short-term cryptocurrency trading, it enhances leasing security and ensures the return on investment for asset providers, reducing the problems of ordinary lessees being unable to fulfill lease agreements and inefficient use of funds. This model ensures a continuous and healthy circulation of assets, promoting the mutual benefits of asset providers and demanders.

If a user returns the leased assets early, the smart contract will still return the funds to the participants after the liquidity provider's order countdown ends.

Repayment rules:

The asset user must repay on their own before the end of the rental period. If the asset user fails to repay before the deadline, the smart contract will automatically activate the liquidation system and sell the collateralized crypto assets of the asset user through a cross-chain bridge. During the liquidation, the smart contract will automatically convert the asset user's collateralized crypto funds into USDT and return the corresponding amount to the asset provider's wallet address. This measure is designed to ensure the financial security of all users participating in the asset circulation provider of the BitNest smart contract.