On March 11, MOV’s lending protocol JieDai supports three kinds of stablecoins as lending & borrow assets: USDC, USDT and DAI.
The minimum collateral rate for stablecoins is 130%, the maximum collateral rate is 330%, the liquidation threshold is 120%, the minimum lending amount is 1000 USDT, and the minimum deposit amount and withdrawal amount are 100 USDT.
All lending & borrow process on MOV is traceable on-chain, transparent, convenient, and with low trading fees. Bycoin wallet (V2.3.1) has added risk warning for liquidation threshold. Please set the liquidation threshold properly to control the risk as the market fluctuates greatly recently.
Before that, Bycoin (https://blockmeta.com/wallet/) has been equipped with MOV Lending Protocol, supporting borrowing and deposit of BTC, ETH, LTC, DOT.
Being a part of MOV DeFi universe, JieDai is making MOV a more comprehensive ecosystem. JieDai is available on MOV website, visit https://mov.network/en/ to get it!
