TODO: update Tips for lenders

How to have a great lending experience

🧠 There are 2 ways to lend $SOL on Banx

  • Via the Lend page

  • Via the Refinance page

Both options have their advantages and we encourage you to try out both to see what combination works best for you:

1) Lend page

  • Create offers for collections you want to lend against

  • Once an offer is made, sit back and wait for a borrower take your offer

  • Actual offer size taken can be less depending on the amount of SOL users choose to borrow

2) Refinancing auctions

  • Allows you to put your SOL to work instantly by lending to existing loans in search of new lenders

  • You can see exactly what collateral you are lending against

  • However, you have no control over the existing loans' LTVs, so it is likely some loans appearing for refinance will not be within your risk appetite

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New refinancing auctions will appear in a dedicated channel in our discord arrow-up-right

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