Это криптовалюта со 100% гарантийным обеспечением другими криптоактивами, которые находятся на смарт-контрактах платформы BAKSDAO.
Cистема основана на децентрализованном принятии решений сообществом платформы.
Автономность, защищенность и прозрачность системы гарантирует исполнение обязательств платформы и сообщества перед другими участниками системы.
Все узлы системы, смарт-контракты, модули платформы, включая социальную инженерию, проходят аудит со стороны сообщества платформы, специализированных компаний и «белых хакеров» на возможные уязвимости.
If you need to borrow up to $20,000, you have to be registered on Coinssafe. If the amount exceeds $ 20,000, you would have to pass through an additional verification procedure.
You get BAKS stablecoin. We take full responsibility for the safety of our customers' funds, so we guarantee the loans in BAKS, which is a 100% crypto-backed stablecoin.
You can get any amount. But you need to take into account the LTV of the coin used as collateral, because the loan amount depends on the collateral coin. The more stable the cryptocurrency is, the higher the loan amount could be. For example, if you pledge а $1,000 in Bitcoin or Ethereum, you will be able to get $ 650 in stablecoins or 65 per cent of the collateral. Loan-to-value (LTV) ratio is a number that describes the relationship between the value of a loan and the collateral value. Initial LTV depends on the coin. For example, if the altcoin is not stable, its initial LTV will be about 50 per cent.
BAKS coins are created when the user clicks on the Get A Loan button. At this moment the smart contract issues your coins.
Yes. BAKS coins are protected from price collapse by a separate smart contract. It constantly checks that the amount of the loans and the value of the issued BAKS coins are equal to each other. In order to maintain the balance between the total loan value and the total BAKS value the smart contract burns or issues coins in the stability fund. You can always check the ratio of the issued coins and the total loan amount with the Ethercsan.
You can exchange BAKS at any time on the leading DeFi platforms like Uniswap and dozens of other popular exchanges, including the Coinssafe platform.
The BAKS stablecoin is backed by other cryptocurrencies used as collateral. BAKS is always equal to 1 USD. In order to maintain this the platform's smart contracts constantly compare the rates of all the cryptocurrencies used as a collateral with the number of the issued stablecoins. In case of a fall or an increase in the coins' prices by 1%, the smart contract burns or issues BAKS in the stability fund, so the system automatically maintains this rate. You can always check the ratio of the issued coins to loans using Etherscan.
Loans are not limited in time. So you can repay it at any time. Even the next day or even in 10 or 20 years.
Borrower's funds are protected by smart contracts that have been audited by international companies and professionals within the community. The reliability of smart contracts is guaranteed by a stable code, which is verified by international audit companies that specialize in cybersecurity, and a blockchain network that consists of millions of devices. Coinssafe platform cannot use the borrowers' funds at its own discretion. And you can always make sure that your funds are on the platform's smart contract using Etherscan service.
We are currently accepting BTC, ETH and BNB, but the final list is to be expanded. If you want to check the whole list of accepted coins, check the Loans section.
Coinssafe does not charge any interest on the loan. However, when the smart contract is created you pay a Stability fee which is 3 per cent of the loan amount. These proceeds are used to deploy smart contracts, pay for transactions and sustain oracles and technical support.
The platform does not charge you for getting the loan. And in order to compensate for the cost of the Stability fee we return you about 3.83 per cent per annum to your balance. We calculate the amount using compound interest: we add up the monthly interest, and then we accrue interest on the full amount.
You can repay only with a BAKS coin.
Yes, you can repay the loan at any time. It's free of charge.
Yes. If you suddenly need the cryptocurrency which is used as the collateral and you do not have the opportunity to repay the loan in BAKS, you can have your loan repaid, provided that the value of your collateral covers the loan amount. If you choose to do this, you will be charged 15 per cent of the loan value. Suppose, a week after you had borrowed a 500 BAKS loan the value of the collateral doubled from $1,000 to $2,000. If you want to have your loan repaid, the platform withholds 15 per cent of the loan value which is $75. The rest of the collateral will be sold and you will get $1,425 in cryptocurrency.
Yes, you can. But in order to return the collateral you have to repay the whole loan amount. It's necessary so the smart contract burns the loan amount when the debt is repaid.
You get your cryptocurrency back when you repay your loan. If you save the loan value and do not close the smart contract of the loan, the platform will pay you interest accumulated from your balance. And you will get extra income. In addition, when the collateral value increases, you can increase the loan amount in a click of a mouse.
If the cryptocurrency used as the collateral becomes lower, the collateral value gets closer to the loan value and the LTV becomes bigger. If your LTV ratio reaches 75 per cent, then the platform automatically sends you an alert with an LTV margin call.
It is when you have to deposit additional funds or increase the amount of the collateral. If you do not do this, the LTV rate may grow bigger and the platform will start the collateral liquidation.
As soon as the LTV rate reaches 83 per cent the automatic sale of the collateral launches.
No. A margin call is always sent when the LTV rate reaches 75 per cent and the liquidation starts when LTV rate reaches 83 per cent.
Yes, you can use the GBAKS token as collateral.