DeFi's pawn shop for time-based, zero-liquidation USDC loans.
Based Loans introduces a simple lending model inspired by traditional pawn shops, redesigned for crypto users.
Borrowers deposit tokens as collateral and receive a USDC loan for a fixed term.
Before expiration, borrowers can buy back any portion of their collateral at any time for a fixed price (premium included).
At expiration, any remaining collateral is forfeited and transferred to lenders.
This creates a clear and predictable system where outcomes are defined upfront.
There are no liquidations, no margin calls, and no forced selling of collateral.
Learn how the protocol works, how loans are created, and how lenders participate in the system.
Last updated 19 minutes ago
