BNPL Pay Protocol: How It Works
BNPL Pay Protocol: How It Works
🏦 DeFi Meets Buy Now Pay Later
BNPL Pay launches an Ethereum-native protocol for under-secured credit, targeting the multi-trillion dollar Buy-Now-Pay-Later market. The system operates through:
- Borrower Nodes: Stake BNPL tokens to manage lending pools
- Lenders: Provide stablecoins, earn 75% of interest plus BNPL rewards
- Borrowers: Access under-collateralized loans with transparent credit history
- Stakers: Earn 12.5% of interest by vouching for nodes
Key features include automated idle fund deployment, 72-hour default triggers, and DAO governance. A $100K loan example shows ~$16K interest split between participants over 3 years.
BNPL Pay Protocol: Comprehensive Guide to Decentralized Lending
BNPL Pay introduces an Ethereum-native protocol for under-secured credit, targeting the multi-trillion dollar BNPL market. Key features include: - **Borrower Nodes**: Stake BNPL tokens to manage liquidity pools and underwrite loans - **Lenders**: Provide stablecoins, earn 75% of interest plus BNPL rewards - **Borrowers**: Access under-collateralized credit with transparent reputation scoring - **Revenue Split**: Interest distributed among stakeholders (75% lenders, 12.5% stakers, 10% protocol, 2.5% node operators) The protocol includes automated DeFi yield for idle funds and a robust default management system. [Learn more about BNPL Pay](https://medium.com/bnplpay/bnpl-pay-protocol-how-it-works-5a7ca912f015)
BNPL Pay Signs Major License Agreement with Ovanti Limited
BNPL Pay has secured a strategic partnership with Ovanti Limited (ASX: OVT), marking a significant milestone in decentralized BNPL lending. Key highlights: - AUD $2.39M funding from Ovanti - 50% revenue share from platform activities - Enhanced liquidity through stablecoin lender participation The agreement validates BNPL Pay's decentralized lending model and positions the protocol for sustainable growth in the BNPL sector. This follows their January 2025 protocol relaunch and partnership with Global Block. [Join the community](https://t.me/bnplpaychat) to stay updated.
BNPL Pay Protocol Announces Strategic Relaunch and Funding Round
BNPL Pay announces a strategic pivot to focus exclusively on Buy Now, Pay Later businesses. Key updates include: - New funding round with TradeFi partners using foundation treasury tokens - Enhanced security measures following 2022 wallet compromise - Partnership with Global Block for operational expertise - New P2P lending pools with autonomous Banking Nodes - Improved governance framework for stakeholders The protocol will launch a new website in Q1 2025 alongside several key partnership announcements. Visit bnplpay.io for more details.