Advanced Q&A

  1. How do lending and borrowing work on Colend ?
    On Colend, you can lend your cryptocurrencies to generate yields and/or borrow funds by using your assets as collateral. Lending and borrowing are facilitated through audited and secure smart contracts, ensuring that funds are protected and transactions remain transparent.
    → Lending

    → Borrowing

  2. What is a collateral ?
    Collateral is a digital asset you deposit as guarantee when borrowing funds on Colend. For example, if you deposit BTC as collateral, you can borrow another cryptocurrency while keeping the value of your Bitcoin. If your loan exceeds the value of your collateral LTV (Loan-to-Value ratio), the collateral will be used to cover the debt.
    →     Lending

    → Borrowing

  3. What is a smart contract, and why is it important on Colend ?
    A smart contract is a self-executing computer program that runs on the blockchain.
    It automates transactions transparently and securely without the need for third parties. On Colend, smart contracts manage loans, borrowing, and all interactions with your digital assets, ensuring transactions are transparent and reliable.
    → Smart Contracts

  4. Is Colend accessible internationally ?
    Yes, Colend is a fully decentralized platform and globally accessible.
    As long as you have an internet connection, you can access Colend without geographical restrictions.

  5. Can I use Colend if I’m not a cryptocurrency expert ?
    Yes, Colend is designed to be simple and accessible. Step-by-step guides are available to help you understand how to lend, borrow, or manage your assets.
    → Quick Start Guide

  6. Can I lend and borrow at the same time on Colend ?
    Absolutely. You can lend assets to earn yields while using other assets as collateral to borrow.
    → Use Colend

  7. Can I repay my loan at any time ?
    Absolutely. You can repay your loan in full or in part at any time.
    → Repay

  8. Can I withdraw my funds at any time ?
    Yes, you can withdraw your funds at any time, as long as they are not being used for an active loan. If it’s the case, you should repay first.

  9. How are interest rates calculated on Colend ?
    Interest rates depend on the supply and demand for each asset in the protocol.
    They are dynamic and adjust in real-time to reflect market conditions.
    → Lending
    →     Borrowing

  10. How can I track my loans and borrowings on Colend ?
    All your loans and borrowings are tracked and accessible through your user interface on the Colend platform. You can view your assets, yields, borrowed amounts, and smart contract details in real-time with complete transparency.

  11. How does Colend guarantee the security of my funds ?
    Colend uses smart contracts that have been audited by blockchain experts.
    These audits minimize the risk of bugs. Additionally, all transactions are recorded on the Core blockchain, ensuring complete transparency.
    → Security & Risk Management

  12. How is transparency ensured ?
    All transactions and interactions are recorded on the Core blockchain, allowing anyone to view them in real-time.

  13. What is an oracle, and why are they important ?
    Oracles, such as Pyth and Switchboard used by Colend, transmit reliable external data (like asset prices) to the blockchain. This ensures accurate calculations for processes such as liquidation or collateral evaluation.
    → Oracle

  14. Does Colend have decentralized governance ?
    Yes, Colend uses democratic governance mechanisms, enabling users to actively participate in protocol decisions.

  15. How can I get help or ask questions ?
    If you have questions or need assistance, our support team is available to help.
    You can contact us on Telegram, where we have an active community ready to assist.
    → Telegram