Brief Introduction

Babel.fi is a crypto lending protocol based on Binance Smart Chain to mint BNB to obtain loans without fees.

Loans is pegged by Stablecoin LAI with the minimum mortgage rate of 110%. Babel.fi designs are architected and forked based on Liquity project on Ethereum without changing smart contract coding and owner.

Liquity is an innovative project that surpass MakerDao. It has the lowest mortgage rate and higher liquidation efficiency, higher capital efficiency, and market cap is more stable. Moreover, the unalterable and non-governance of smart contract, Liquity is not easy influenced by human error and malicious governance attacks.

Babel.fi completely retained these features of Liquity without changing smart contract coding, and only burn the excessive tokens given to the Liquity’s team and investors.The idea of Babel.fi is “Fair Launch” to provide more incentives to users for supporting enlarge needs of native stablecoin assets on BSC ecosystem.

Technical Architecture

Babel.fi designs are architected and forked based on Liquity project on Ethereum without changing smart contract coding and owner.

Technical architecture: https://docs.liquity.org/documentation/resources