Use SolairePay and Hold Your Crypto While Spending
SolairePay is a decentralized protocol powered by smart contracts that allows everyone to lend and borrow with their crypto assets.
Introduction to SolairePay
We build platforms for lending and borrowing crypto assets
SolairePay is a decentralized open-source non-custodial money market protocol where users can participate as depositors or borrowers. Depositors provide liquidity to the market to earn a passive income, and everyone can borrow from this liquidity and repay it after a while. The Borrower must add collateral before borrowing any tokens.
The value of the collateral should be greater than the value of the assets they want to borrow. This collateral is, in fact, a guarantee that they will repay the borrowed assets. These docs are a comprehensive guide to the SolairePay protocol.
TOKENS
Pre-Sale & Values
SolairePay is a decentralized open-source non-custodial money market protocol where users can participate as depositors or borrowers. Depositors provide liquidity to the market to earn a passive income, and everyone can borrow from this liquidity and repay it after a while.
Start
Oct 27, 2023 (9:00AM GMT)
Number of tokens for sale
54000000000 SLP (15%)
End
Nov 26, 2023 (09:00AM GMT) / Once hardcap is reached
Tokens exchange rate
1 BNB = 270000000 SLP
Acceptable currencies
BNB
Minimal transaction amount
0.01 BNB
Please use DApp browser/extension (e.g. Metamask)
Token info
SolairePay (SLPY)
0xCd2A1544bE58A5Fe7Aee80d8a700389e7A856754
Do not send BNB to the token contract!
Token sale status
Raised: of 200.0 BNB
Tokens sold: of 54000000000.0 SLPY
Remaining: BNB (~ SLPY)
Buy tokens
1 BNB = 270000000.0 SLPY
BNB
You get: 0 SLPY
In my wallet: SLPY
Token sale information
Hardcap: 200.0 BNB (~ 54000000000.0 SLPY)
Rate: 1 BNB = 270000000.0 SLPY (~ 3.7037037037037036e-9 BNB/SLPY)
Sale contract
You can also buy tokens by sending BNB directly from your wallet to this contract
(please increase gas limit to 200,000 or even more for tokens with special functions like autoLP, swaps, etc.)
Referral program
Share your referral link and get paid instantly to your wallet for every referred token purchase.
Total paid to referrers: BNB
Referral commission: 0.5%
Your referral earnings: BNB
Share your referral link or QR code and get commission for referred token purchases instantly to your wallet.
Initial Token Distribution
Sale Proceed Allocation
ROADMAP
Our History so far...
September 2023
Inquire the Bnb Chain technology, smart contracts, and Defi systems
September 2023
Find the problem and prototype the idea
September 2018
Design and architecture of the Solairepay main protocol
September 2023
Project operation and implementation
October 2023
Integration with chainlink and complete docs
October 2023
Starting Pre-sale
October 2023
Security Audits
October 2023
Launching on Testnet
October 2023
Coming Soon
FAQS
Frequently Asked Questions
SolairePay is a decentralized non-custodial lending platform allowing users to earn interest or borrow supported Cryptocurrencies anytime, anywhere, and instantly.
What are the requirements to use SolairePay?
You need to have an internet connection and access to the BNB Chain (BSC) blockchain. Of course, you must have some Cryptocurrencies which you can borrow or lend in SolairePay.
How does SolairePay generate interest for suppliers?
SolairePay has a liquidity pool to aggregate users' supply. A supplier can earn interest by supply assets in the liquidity pool, and a borrower can borrow supported assets from the liquidity pool by put BSC as collateral. The interest received from the borrowers is distributed among the suppliers according to the amount they have supplied. Therefore, the supply rate is calculated automatically based on the total supply in the protocol. SolairePay mechanism can also increase the supply rate through the promotion rate. SolairePay considered this feature to incentivize suppliers and borrowers at different times. You can read more about it on technical paper.
How does SolairePay make money?
SolairePay takes a small amount as a fee to connect suppliers and borrowers.
How do I start earning interest?
SolairePay has markets with a different interest rate; you can check markets and deposit your assets to earn interest.
How do I deposit my funds?
You can deposit your assets anytime from your SolairePay dashboard, or you can interact with our smart contracts directly.
How do I withdraw my funds?
You can withdraw your assets anytime from your SolairePay dashboard, or you can interact with our smart contracts directly.
Is there a minimum deposit or withdrawal amount?
No, there is no limitation for the deposit or withdrawal amount from SolairePay.
Where is SolairePay available? Is SolairePay available in my country?
SolairePay uses BSC smart contract, so this platform is available for every BNB Chain user. You can check out our terms and conditions.
Can the interest rates on my SolairePay Account change?
The interest rate can fluctuate as frequently as every block mined in the BSC blockchain.
Why did interest rates change on SolairePay?
The interest rate can change based on supply and borrower amount with a mathematical formula. You can read more about it on technical paper.
What assets are accepted as collateral?
Currently, BNB Chain (the native coin of BSC blockchain) are accepted as collateral. First of all, you need to deposit collateral to borrow supported assets as you want based on your VTL rate.
What is Value-to-loan(VTL) rate?
The Value-to-loan(VTL) ratio assesses the lending risk that lenders examine before and after approving a loan until repaying it successfully.
What are the minimum and maximum loan amount I can borrow?
Lenders check the VTL (Value to Loan) ratio to determine the level of risk exposure they take on when underwriting a loan. VTL ratio makes a limitation loan amount you can borrow.
What happens if I don't repay my SolairePay loan?
First of all, you need to deposit collateral to borrow supported assets as you want based on your VTL rate.
A. As a SolairePay supplier, how can I trust SolairePay to return my assets when the borrower doesn't repay his/her loan?
SolairePay considers one feature to handle it. Based on this feature, SolairePay monitors borrower actions for 365 days. If the borrower doesn't have any action on his/her account, SolairePay liquid his/her collateral to respond to supplier's requests. Also, when the borrower has any interacts with SolairePay smart contract, 365 days will be reset, and the borrower can extend his/her loan in this way.
B. As a SolairePay supplier, what happened if borrowers continuously extend their loan?
SolairePay is considered a new solution that makes it more efficient than other platforms. This feature is PromotionReservedScale. Based on this feature, the admin changes the interest rate by encouraging borrowers to repay the loan. You can read more about it in technical papers.
When has liquidation occurred?
Suppose the total value of a user's collateral is divided by outstanding borrowing, declines 5% below the certain VTL ratio. In that case, the user's account is subject to liquidation by other users of the platform.
What is the liquidation Penalty?
There is no Liquidation Penalty. If your position declines 5% below the VTL ratio, your collateral will be liquidated completely.
What happens during a liquidation?
During the Liquidation process, some collateral will be sold on SolairePay with a discount. We will announce a discount percentage to participants via the SolairePay page.
What is the benefit of the Flash loan feature?
Based on this feature, you can borrow instantly without any collateral and repay it only with one transaction.
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