Decentralized finance (DeFi) platform FluidTokens has launched a new feature that enables peer-to-peer (P2P) cryptocurrency lending within its ecosystem. The service is currently available worldwide, including Latin America, for those who wish to do so.
The team says the tool will allow users to “create personalized loans with preset terms.” So, Expanding decentralized funding options on the platform.
According to the announcement, users can now directly define the interest rate and maturity period for each trade. This means that lenders and borrowers do not rely on parameters set by a common fund, but rather negotiate terms individually.
FluidTokens explained that P2P loans maintain the same payment mechanism as pool-based loans. This means that even if the loan structure changes, the platform’s existing risk management system will be maintained.
The company says that this feature Trying to provide more flexibility. In the words of the announcement, users will be able to “choose their own terminology in Fluid.” This proposal is aimed at companies that prefer more specific contracts tailored to their specific liquidity and profitability needs.
Peer-to-peer lending is a well-known technique in the decentralized finance (DeFi) space. Unlike traditional models based on liquidity pools, direct agreements between two parties are possible.
FluidTokens operates as a DeFi platform on the Cardano networkprovides services such as loans, staking, and other products. It also includes a tokenized version of Bitcoin on Cardano.
As reported by CriptoNoticias, six months ago Cardano announced Cardinal, a protocol designed to connect and act as a bridge between its network and Bitcoin. Such initiatives will allow Bitcoin holders to operate wrapped versions of BTC on Cardano for various functions, such as lending with FluidTokens.
