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Home/ZeroLend/Page 7

Tag: ZeroLend

ZeroLend provides a decentralized, user-controlled alternative to traditional lending systems, enabling individuals to maximize the utility of their digital and tokenized real-world assets in a secure and efficient manner.

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Raju Kumar
Raju Kumar
Asked: 1 year ago

Will there be future airdrop events hosted by ZeroLend?

While future airdrop events are not guaranteed, it is possible that ZeroLend may host additional events in the future. Stay updated for announcements.

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Raju Kumar
Raju Kumar
Asked: 1 year ago

What is the Liquidation Penalty and when is it applied?

The Liquidation Penalty is a fee added to a borrower’s debt if their loan is liquidated due to falling below the Liquidation Threshold. ZeroLend applies a 5% liquidation fee, which is added to the borrower’s outstanding loan balance.

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Raju Kumar
Raju Kumar
Asked: 1 year ago

What is ZeroLend and what makes it unique?

ZeroLend is a revolutionary lending protocol featuring a native stablecoin built on zkSync, Linea, Manta Network, ETH Mainnet, and Blast Network. Its unique features include decentralized lending, support for multiple assets across chains, and account abstraction for gas-less transactions.

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Raju Kumar
Raju Kumar
Asked: 1 year ago

How does ZeroLend ensure the safety of deposited assets?

ZeroLend employs robust security measures, including smart contract audits and encryption, to safeguard users’ deposited assets. Additionally, the platform continuously monitors for potential risks and vulnerabilities to maintain the integrity of the protocol.

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Raju Kumar
Raju Kumar
Asked: 1 year ago

Can users customize their borrowing parameters on ZeroLend?

Yes, users have the flexibility to adjust their borrowing parameters, including Max LTV and Liquidation Threshold, based on their risk appetite and financial objectives. This customization allows users to tailor their borrowing experience to their specific needs.

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Raju Kumar
Raju Kumar
Asked: 1 year ago

What is the ZeroLend Airdrop?

The ZeroLend Airdrop is an event where participants can claim free ZERO tokens. 10% of ZERO’s circulating supply will be distributed to airdrop participants at launch.

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Raju Kumar
Raju Kumar
Asked: 1 year ago

Where can users start interacting with the ZeroLend application?

Users can begin interacting with the ZeroLend application by visiting http://app.zerolend.xyz/. From there, users can participate in borrowing, lending, and liquidity provision activities within the lending protocol.

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Raju Kumar
Raju Kumar
Asked: 1 year ago

How does ZeroLend ensure the security of user funds and transactions?

ZeroLend employs state-of-the-art security measures, including encryption, multi-signature wallets, and smart contract audits, to safeguard user funds and transactions. Additionally, ZeroLend continuously monitors for potential security threats and takes proactive measures to mitigate risks.

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Raju Kumar
Raju Kumar
Asked: 1 year ago

Where can I find more information about ZeroLend?

For more information about ZeroLend, visit the official website at ZeroLend.xyz and download the whitepaper for comprehensive details.

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