# Welcome to Based Loans

Based Loans is a zero-liquidation lending protocol built on Base.

Deposit tokens as collateral, receive a USDC loan for a fixed term. Buy back your collateral at any time before it expires. No margin calls. No forced selling. No surprises.

#### [Explore Based Loans](/welcome-to-based-loans/introduction.md)

Learn how the protocol works, how loans are created, and how lenders participate in the system.


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# Agent Instructions: Querying This Documentation

If you need additional information that is not directly available in this page, you can query the documentation dynamically by asking a question.

Perform an HTTP GET request on the current page URL with the `ask` query parameter:

```
GET https://docs.based.loans/welcome-to-based-loans.md?ask=<question>
```

The question should be specific, self-contained, and written in natural language.
The response will contain a direct answer to the question and relevant excerpts and sources from the documentation.

Use this mechanism when the answer is not explicitly present in the current page, you need clarification or additional context, or you want to retrieve related documentation sections.