Good Morning Community. How does strike work.
20 Feb 2023, 05:34
Good Morning Community! π
How does strike work?
Strike is a decentralized money market that enables users to borrow and supply digital assets to the protocol Ethereum blockchain.users at all time have control of their digital assets and are bound by the protocol.
Strike enables users and developers to supply digital assets onto the platform to earn from dyanmic rates provided by the protocol and use that supplied asset as collateral to borrow other supported digital assets all on-chain.
The the asset you post as collateral will be what you lock with the platform in order to borrow. The collateral will be used to pay for any amount you own in case of liquidation events
Wish yβall a good start of new productive week!ππ
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