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bliq 介紹

<aside> 💡 bliq is an interest-free lending protocol built on top of $BLA, allowing $BLA token holders to borrow USDT without interest and without maturity.

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bliq is the first DeFi infrastructure within the BlablaBlock ecosystem. $BLA token holders can collateralize $BLA tokens to borrow USDT with zero interest and no repayment date, all accomplished through smart contracts for asset collateralization, borrowing, and redemption.

What are the features of bliq?

1. Zero Interest: Only a one-time borrowing fee is charged, with no loan interest.
2. No Maturity: There is no fixed repayment period, so you don't need to worry about when to repay.
3. Over-collateralized Loans: You can borrow USDT with an initial collateral ratio of 250%.
4. Liquidation for Insufficient Collateral: If the maintenance collateral ratio falls below 200%, it may lead to asset liquidation, requiring additional collateral or partial loan repayment to restore a safe collateral ratio.

How is bliq Works？

Overview of bliq

• Borrowing USDT
  1. Collateralize $BLA in bliq.
  2. Pay a one-time fee (0.5% to 5%) and borrow USDT at an initial collateral ratio of 250%.
  3. The borrowed USDT can be used freely, with no interest calculations and no repayment requirements during the borrowing period.
• Repaying USDT
  1. Repay USDT to bliq.
  2. Unstake the $BLA collateral.
• bliq Liquidation
  1. Liquidators can identify potential liquidation opportunities through on-chain monitoring.
  2. Borrowers face liquidation when the collateral maintenance ratio falls below 200%.
  3. Liquidators deposit USDT to purchase $BLA at a 10% discount, exploiting arbitrage opportunities.

Where Does the USDT Come From?

Currently, the USDT borrowed from bliq is supported by the treasury. In BlablaBlock's treasury risk management mechanism, specific risk adjustments are made for the total treasury asset volatility to reduce the likelihood of significant asset declines under extreme circumstances. Due to the high volatility of cryptocurrencies, the treasury risk control caps the asset volatility at a maximum of 30%. BlablaBlock does not use leverage when executing orders (often less than 1x leverage), so there will have idle capital in the treasury. This idle capital is utilized to launch bliq, enhancing the capital efficiency of the DAO treasury.

Liquidation Mechanism