📑User Process

Lender Flow:

1. Providing Liquidity:

a. Lender Interaction:

1. Selection of Asset:

   • The lender decides on the specific BRC-20 token or sats they want to lend.

2. Interaction with Frontend:

   • The lender interacts with the Ordibank frontend to initiate the lending process.

b. Providing Collateral:

3. Collateral Deposit:

   • The lender deposits collateral (native BTC or another accepted asset) into the Ordibank vault.

4. Minting cTokens:

   • The lender receives cTokens representing their deposited collateral.

2. Earning Interest:

a. Interest Accrual:

5. Lender Approves cTokens:

   • The lender approves the Ordibank platform to use their cTokens.

6. Lender Mints cTokens:

   • The lender mints additional cTokens by supplying their deposited collateral.

b. Interest Earning:

7. Interest Accrual:

   • The lender earns interest on the supplied collateral in the form of additional cTokens.

8. Redemption of cTokens:

   • The lender can redeem their cTokens to withdraw both the initial collateral and earned interest.

Overview:

• Smart Contracts:

  • The smart contracts governing these processes ensure security, transparency, and adherence to predefined rules.

• Market Dynamics:

  • The dynamics of borrowing and lending are determined by market conditions, collateral factors, and interest rates configured in the Ordibank protocol.

• User-Friendly Interface:

  • Ordibank's frontend provides an intuitive interface for borrowers and lenders to interact with the protocol seamlessly.