What is Bloqboard?
Bloqboard is a non-custodial digital asset lending platform for loans originated and settled on the Ethereum blockchain. Bloqboard provides users access to the global credit liquidity network by hosting an order book for peer-to-peer loans and provides access to the credit liquidity pool. Bloqboard integrates with Dharma, Maker and Compound, three of the leading decentralized lending protocols. However, the platform is protocol-agnostic and intends to add further protocols in the future.
Users borrow or lend either peer-to-peer, from a liquidity pool or via CDPs . Peer-to-peer loans allow the user to set the terms of the loan, which are then posted to the listing board for prospective borrowers or lenders respectively to fill. Loans from a liquidity pool allow borrowers and lenders immediate access to a loan with no fixed maturity date and floating interest rates. Additionally, Collateralized Debt Positions (CDP) are smart contract used to generate a secure debt position denominated in Dai which is held in escrow until the borrowed Dai is returned. All loan types require borrowers to collateralize with another digital asset.