Zero Collaterals with StiB's Reserves and Lending smart contracts coming soon!

[supportATstib]

We always love to hear your valuable feedback so we can focus on building the Killer dApp of Cryptos, StiB P2P (Available on Android Store and for iOS you have to go through Testflight https://p2p.StiB.co). Our mission is to bring Cryptos to everyone with StiB's suite of smart contracts to decentralize the world of finance.


* Lending to StiB's Reserves at high interests up to 12% APR with your stablecoins like usdt or dai...

* Borrow stablecoins against your btc and/or eth quickly as low as 4.9% annually we expand and scale fiats

* Build your Credit to borrow at Zero Collaterals at 9.8% APR as it's always double the collateralized loans
** Your Credit = Your paid interests + earned interests
** No bad credits
** No documents
** No verifications

- up to $1000 you earn 100% of Credit
- from $1001 to $5000: 95%
- up to $10k: 90% (mostly individuals)
- up to $20k: 80%
- up to $30k: 70%
- up to $40k: 60%
- up to $50k: 50%
- up to $60k: 40%
- up to $70k: 30%
- up to $80k: 20%
- up to $90k: 10% (small businesses)
- up to $100k: 9%
- up to $200k: 8%
- up to $300k: 7%
- up to $400k: 6%
- up to $500k: 5%
- up to $600k: 4%
- up to $700k: 3%
- up to $800k: 2%
- up to $900k: 1% (big businesses and institutions)
- up to $1M: 0.9% ($2M/0.8%, $3M/0.7%, $4M/0.6%, $5M/0.5%, $6M/0.4%, $7M/0.3%, $8M/0.2%, $9M/0.1%...)
*** We are working on the best algorithms to integrate into StiB's lending smart contract so Zero Collaterals will be possible before the Summer!

For example:
1. You borrow $10k against your btc and the interest you pay for 12 months will be $500 which is the earned Credit you can later borrow without collaterals
2. You lend $10k usdt to StiB's Reserves at 12% for 1 year then the interests you earn will be $1200 and your earned Credit: 100% of the first $1000 and 95% of $200 = $190. So your Credit is 1000 + 190 == $1190 that you can borrow without Collaterals. If you pay back on time or even late to maintain your Credit it is always great; however if you can't pay back then your Credit is reduced and reset to start over with no bad debts.

[HCP]

So you're saying that a user could "deposit" $10000 of USDT to StiB... earn 12% over 1 year and then earn $1200 in interest... and then they will be able to withdraw $11,200? And would also have $1190 worth of "credit" that they could then borrow with NO collateral required?

Also, what KYC requirements is this service going to have?

[supportATstib]

Your Credit will consist of your paid interests which will be in $USD and your earned interests which will be points with StiB Rewards for bonuses and other benefits. So you deposit $10k you will earn $1200 in interest and 1200 points and you will be able to withdraw $11200 after 1 year. The Credit you earn will be worth as points for StiB Rewards. And in order to earn the Credit in USD you need to borrow. Let's say you borrow $20k against your btc or eth and you pay $980. Now you can borrow $980 without Collaterals and you can't pay back then your Credit resets to $0 and no bad debts!

We simply allow you to borrow the interests without Collaterals!

So you're saying that a user could "deposit" $10000 of USDT to StiB... earn 12% over 1 year and then earn $1200 in interest... and then they will be able to withdraw $11,200? And would also have $1190 worth of "credit" that they could then borrow with NO collateral required? This Credit will be in points

Also, what KYC requirements is this service going to have? No need at this point

[TMAN]

do you allow escrow to hold the collateral?

[suchmoon]

Sounds like a great way to lose money by sending it to some random app/dapp.

Where is the smart contract, do you have it yet or did you just come up with an idea?

[DireWolfM14]

So, lenders earn 12% and borrowers pay 4.9?  How is it possible to charge borrowers less than you're paying lenders?  Where does the other 7.1% come from?

Edit:
[Archive]

[supportATstib]

These rates are adjustable based on StiB's Reserves and market conditions. It depends on the holdings of coins/tokens as well as stablecoins we hold at the time. Remember when you borrow with collateralized btc or eth, your instant credit is maxed at 80% Loan to Value. So your simple math of 7.1% will come from the btc and eth we hold in our Reserves which are being utilized for instant swap with our smart contracts as well as quick settlements where we do monetize on the spread of all the pairs we support starting with top tokens. The algorithms are much more complex than the simple math but as long as we have our Reserves more than the Collaterals we are safe!

So, lenders earn 12% and borrowers pay 4.9?  How is it possible to charge borrowers less than you're paying lenders?  Where does the other 7.1% come from?

[supportATstib]

Not sure if we understand completely your question but will try our best to address so if not you can elaborate. StiB Reserves are our centralized service and our Lending smart contract will be for P2P but expect close to the Summer to release since we plan to implement Zero-Collaterals and Multi-Collaterals with everything in between so that we can feel confident about your Collaterals as well as your Lending. You should be able to check everything on the blockchain.

do you allow escrow to hold the collateral?

[supportATstib]

You can certainly check out https://StiB.co
We have 5 smart contracts and 5 more this year to complete the suite of smart contracts to bring Cryptos to everyone. So with 10 smart contracts, StiB is here to challenge the big centralized/decentralized exchanges!
You can look up under ENS as we continue to update and upgrade our smart contracts
- trade.StiB.eth: for trading P2P eth/fiats globally commissions FREE
- loan.StiB.eth: for lending P2P eth/fiats free of charge, you only need to cover the Gas to interact with StiB's smart contracts
- tradeTokens.StiB.eth: for trading erc-20 tokens/fiats in 200+ countries with top 10 most popular languages
- loanTokens.StiB.eth: for lending erc-20 tokens/fiats completely FREE
- swap.StiB.eth: to swap instantly the pairs eth/erc-20 tokens and tokens/tokens
- tokens.StiB.eth: StiB tokens, sti multisiged to protect ourselves + investors instead of waiting to be hacked! We will open source the multisig contract and other smart contracts that we think will benefit the community in the future.
 
The next smart contract we will focus on will be the Lending smart contract to support from Zero=Collaterals to Multi-Collaterals plus everything in between. This is the hardest and the most complex of all.

Sounds like a great way to lose money by sending it to some random app/dapp.

Where is the smart contract, do you have it yet or did you just come up with an idea?

[wellay]

One of my favorite tokens, cause I am always evaluating practical value. And I have purchased the token on Probit already. What makes sense - guys are working on adoption. Moreover, tech side looks bold

[juegav]

One of my favorite tokens, cause I am always evaluating practical value. And I have purchased the token on Probit already. What makes sense - guys are working on adoption. Moreover, tech side looks bold

I absolutely agree with you. What I would add here - the concept in general. Team develops innovative applications with smart contracts to provide solutions of trading and lending OTC/P2P plus instant settlements whether is it crypto to fiat or crypto to crypto conversions with ease of use + beautiful UI/UX, fatest speed + highest liquidity and the best security and privacy. This is what users are looking for

[wellay]

I absolutely agree with you. What I would add here - the concept in general. Team develops innovative applications with smart contracts to provide solutions of trading and lending OTC/P2P plus instant settlements whether is it crypto to fiat or crypto to crypto conversions with ease of use + beautiful UI/UX, fatest speed + highest liquidity and the best security and privacy. This is what users are looking for

The thing that makes sense here to - StiB is simply widening horizons, coming with entirely new and unique opportunities on the market. For example, have you read on simple Dapps to exchange Cryptos - Fiats StiB is coming with?

[juegav]

The thing that makes sense here to - StiB is simply widening horizons, coming with entirely new and unique opportunities on the market. For example, have you read on simple Dapps to exchange Cryptos - Fiats StiB is coming with?

Hmm, it seems that I haven't... Can you please provide more info here? Cause it sounds like new standards on the market you are talking about

[wellay]

Hmm, it seems that I haven't... Can you please provide more info here? Cause it sounds like new standards on the market you are talking about

Yes, sure. Basically, Cryptos - Fiats exchanges are quick and easy with Commision-Free Escrow, they can realize the benefits of all traders from first timers to professionals. They will always try to combine the best of both whether it is Cryptos - Fiats and Cryptos - Cryptos or Centralized/Decentralized exchanges to make trading as easy as possible to all with the global P2P networks. To remove barriers to entry, team focuses their efforts on developing amazing applications and on contributing to the Crypto Communities instead of focusing on monetizing by charging a fee of 1% or even 0.02%. Bold point, I would say

[juegav]

Yes, sure. Basically, Cryptos - Fiats exchanges are quick and easy with Commision-Free Escrow, they can realize the benefits of all traders from first timers to professionals. They will always try to combine the best of both whether it is Cryptos - Fiats and Cryptos - Cryptos or Centralized/Decentralized exchanges to make trading as easy as possible to all with the global P2P networks. To remove barriers to entry, team focuses their efforts on developing amazing applications and on contributing to the Crypto Communities instead of focusing on monetizing by charging a fee of 1% or even 0.02%. Bold point, I would say

It definitely is from your words. Let me also have a closer look, cause very impressing so far. And will share my thoughts afterwards

[wellay]

Hello everyone. Has anyone from you ever heard of some StiB competitors? Cause I haven't, StiB is rather unique with its features

[juegav]

Hello everyone. Has anyone from you ever heard of some StiB competitors? Cause I haven't, StiB is rather unique with its features

I personally cannot think of any direct competitors that would come with such high standards. And I am also impressed that guys focus on developing mobile apps that end-users can trade on-the-go anywhere and anytime locally or internationally

[wellay]

I personally cannot think of any direct competitors that would come with such high standards. And I am also impressed that guys focus on developing mobile apps that end-users can trade on-the-go anywhere and anytime locally or internationally

Yep, this makes the guys much more ultimate. And together with advanced tech and blockchain it brings StiB on new level. Blockchain makes them focus positively on developing a Fully Decentralized Exchange all based on Smart Contracts

[juegav]

Yep, this makes the guys much more ultimate. And together with advanced tech and blockchain it brings StiB on new level. Blockchain makes them focus positively on developing a Fully Decentralized Exchange all based on Smart Contracts

Interesting. So many advanced components combined together on 1 advanced platform. Looks bold