Do I need to deposit my tokens with Bloqboard?

Bloqboard is not an exchange, and as such, users do not deposit their assets. It’s important to note that for all loans, borrowers are required to provide collateral, and in the case of borrowing from a liquidity pool, that collateral must be deposited to the Compound smart-contract prior to being able to initiate a loan. With respect to borrowing a peer-to-peer loan, collateral must be deposited into the Dharma smart contract when the loan is filled. 


Still have a question? Reach out to us in our Telegram group or at support@bloqboard.com.