💰Money Market

The Money Market is one of the crucial components of decentralized finance. Within its product suite, BullNow has established a Money Market that grants users the ability to lend out tokens after over collateralization. Unlike centralized financial systems, users' collateral assets are placed in on-chain smart contracts, where the interest rates and liquidation processes are governed by code. This eliminates the need for third-party intervention, such as banks, making it safer compared to traditional finance.

BullNow users' portfolios are automatically placed into the Money Market as lenders, earning passive income. This portion of income is derived from borrowers within the Money Market, including those who borrow directly and traders engaging in margin trading with high leverage.

About the calculation of deposit and lending interest rates, please refer to Rates Calculation.

About the liquidation process, please refer to Liquidation.