FAQ

Q: What is Lendscape? A: Lendscape is a decentralized lending platform that allows borrowers to use tokenized real-world assets (RWAs) as collateral for loans. It connects borrowers with liquidity providers through smart contracts on the blockchain.
Q: How does Lendscape differ from traditional lending platforms? A: Lendscape utilizes blockchain technology to offer more transparent, efficient, and accessible lending services. It allows for the use of tokenized RWAs as collateral and employs smart contracts for automated loan management.
Q: What types of assets can be used as collateral on Lendscape? A: Lendscape primarily accepts tokenized RWAs such as SAFT/SAFE agreements. The platform plans to expand to other asset classes like real estate and equity in the future.

Q: How do I apply for a loan on Lendscape? A: To apply for a loan, you need to create a profile, complete KYC/AML checks, tokenize your RWA (if not already tokenized), and submit a loan request specifying the amount, purpose, and preferred terms.
Q: What are the interest rates for loans? A: Interest rates are dynamic and depend on factors such as the loan's risk profile, collateral type, and current market conditions. Rates typically range from 5% to 15%.
Q: What happens if I can't repay my loan? A: If you default on your loan, the platform will initiate a liquidation process of your collateral. The proceeds will be used to repay the lenders, with any surplus returned to you.

Q: How can I become a liquidity provider on Lendscape? A: To become a liquidity provider, you need to create an account, complete KYC/AML procedures, and deposit funds into either specific Lending Pools or the Master Liquidity Pool.
Q: How are returns calculated for liquidity providers? A: Returns are based on the interest rates of the loans you fund (for Lending Pools) or the overall performance of the Master Liquidity Pool. They are calculated and distributed automatically by smart contracts.
Q: What risks are involved in providing liquidity? A: Risks include potential borrower defaults and market volatility affecting collateral values. Lendscape mitigates these risks through over-collateralization, insurance mechanisms, and reserve funds.

Q: What is the $MBASE token used for? A: The $MBASE token is used for governance voting, accessing platform discounts, and participating in the platform's loyalty program.
Q: How can I participate in Lendscape's governance? A: By holding and staking $MBASE tokens, you can vote on various platform decisions, including protocol upgrades, risk parameters, and new asset integrations.

Q: How does Lendscape ensure the security of funds and data? A: Lendscape employs multiple security measures, including smart contract audits, multi-signature wallets, encryption, and regular security assessments. All transactions are recorded on the blockchain for transparency.
Q: What KYC/AML procedures does Lendscape implement? A: All users must undergo identity verification, which includes submitting government-issued ID, proof of address, and potentially additional documentation depending on user type and jurisdiction.

Q: On which blockchain networks does Lendscape operate? A: Lendscape currently operates on Ethereum and Polygon networks, with plans to integrate additional networks in the future.
Q: How are asset valuations determined? A: Asset valuations are determined through a combination of AI-driven models, blockchain oracles providing real-time data, and human auditor verifications for complex assets.

Q: What should I do if I encounter issues with the platform? A: If you experience any issues, please contact our support team at [support email]. For urgent matters, we also provide a dedicated support hotline at [phone number].
Q: Are there educational resources available to learn more about using Lendscape? A: Yes, we offer a comprehensive knowledge base, video tutorials, and regular webinars to help users understand and navigate the platform effectively.

Last updated 4 months ago