Fortress Loans $FTS

Fortress Loans is an innovative crypto project that serves as an algorithmic money market and a synthetic stable coin protocol. Created with the aim to facilitate secure and trustless credit and lending, it operates on the Binance Smart Chain. This platform facilitates the lending and borrowing of cryptocurrencies by pledging an over-collateralized amount of cryptocurrency to the platform.

How Fortress Loans Functions

Fortress leverages the concept of money markets, which are essentially pools of assets with interest rates derived through algorithms. These rates are determined by the supply and demand dynamics of each asset. Users who supply liquidity to Fortress are rewarded with compounded interest for their contribution to the protocol.

Asset Supply and Borrowing

When users supply assets, they gain the capability to mint stable-coins or borrow other assets against their supplied assets. After supplying assets to Fortress, users have the option to borrow more assets or mint stable-coins. This is achieved by over-collateralizing and paying interest on the borrowed amount.

Loan Terms and Conditions

Loans obtained from the Fortress protocol come with flexible terms, without monthly payments or late fees, and can be repaid at any time. All of this is possible without the need for a credit check, ensuring quick loan origination. The protocol leverages smart contracts to offer an automated, completely transparent system for investment and profit distribution.