Zookbit is a decentralized crypto lending platform that connects lenders and borrowers through Hyperliquid markets. Our platform enables users to earn interest on their crypto assets or borrow against their holdings with competitive rates and enhanced liquidity.

Crypto lending works similarly to traditional lending, but with digital assets. Here's a simplified process:

1. Lenders deposit their crypto assets into our platform.
2. Borrowers provide collateral (usually other crypto assets) to secure a loan.
3. Lenders earn interest on their deposited assets.
4. Borrowers pay interest on their loans.
5. Smart contracts automatically manage the lending and borrowing process, ensuring security and transparency.

Zookbit currently supports the following cryptocurrencies:

We're constantly adding support for new cryptocurrencies. Check our platform for the most up-to-date list.

Interest rates on Zookbit are determined by market dynamics, specifically the supply and demand for each cryptocurrency. When there's high demand for borrowing a particular asset, the interest rates for lenders increase. Conversely, when there's high supply but low demand, interest rates decrease. Our platform uses an algorithmic approach to adjust rates in real-time, ensuring optimal returns for lenders while maintaining competitive rates for borrowers.

Security is our top priority at Zookbit. We implement several measures to ensure the safety of your assets:

• Smart contract audits by leading security firms
• Multi-signature wallets for platform funds
• Automated risk management systems
• Regular security assessments and penetration testing
• Insurance coverage for deposited assets
• Transparent operations with on-chain verification

While we take extensive measures to protect your assets, it's important to remember that all investments carry some risk. We recommend users to perform their own research and only invest what they can afford to lose.

The minimum amount you can lend or borrow varies by cryptocurrency. For popular assets like Bitcoin and Ethereum, the minimum lending amount is equivalent to $50 USD. For borrowing, the minimum amount depends on the collateral provided and typically starts at the equivalent of $100 USD. These minimums are in place to ensure that transaction fees don't significantly impact your returns or loan costs.

Zookbit integrates with Hyperliquid markets to provide enhanced liquidity and efficient asset distribution. This integration allows us to tap into a broader pool of assets and users, resulting in better interest rates and faster transaction processing. When you lend or borrow on Zookbit, your transactions are optimized through Hyperliquid's infrastructure, ensuring you get the best possible rates and minimal slippage. This integration is seamless to the user but provides significant benefits in terms of efficiency and returns.

Yes, as a lender, you can withdraw your assets at any time, subject to availability. While we strive to maintain high liquidity, there might be rare occasions when withdrawals are temporarily limited due to high borrowing demand. In such cases, withdrawal requests are processed in the order they are received. For borrowers, you can repay your loan at any time without any prepayment penalties, after which your collateral will be released immediately.