🔎Technicals

Borrower: Wallet that takes a Loan of a specific crypto asset Burn: $LUMIN tokens taken out of circulation by burning these tokens Collateral: Crypto assets providing security for Lender, taken from Borrower’s Deposit Deposit: Crypto assets of platform users, managed by the platform contract DEX: Decentralised Exchange used to market-buy $LUMIN tokens worth 50% of the paid fees Epoch: Time lapse of each reward cycle, each epoch is 1 week in length. Lender: Wallet that provides crypto assets for a Loan Loan: Borrowed crypto assets taken from Lender’s Deposit Loan configuration: Base parameters of Loans provided by Lenders Loan NFT: Actual Loan agreement between Lender and Borrower, stored in a transferable NFT token Platform Fees: Platform fees paid by Borrower, and automatically deducted from the borrowed value Protocol: Share of fees paid for maintenance and growth of $LUMIN Staker: Token holders Staking their $LUMIN tokens Staking: Locking $LUMIN tokens, in return for a share of the platform Fees Term: Length of each loan. Terms are 30 days each.