What is Stormbit ?

Protocol overview

Stormbit is a programmable lending platform enabling fixed-term, fixed-rate loans between lenders and borrowers, without requiring on-chain price oracles. Its mission is to democratize access to credit by allowing anyone to create or participate in a custom lending pool, whether for DeFi tokens or even real-world asset loans.

• Modular lending markets : introducing the concept of "term managers" who can deploy lending terms as separate modules. Each term defines parameters like collateral type(s), loan currency, interest rate, LTV, duration, and any extra conditions (called hooks). For example, a term manager (which could be an individual, DAO, or institution) might launch a pool for BTC-collateralized USDC loans with 10% APR, 10 day-duration, and 85% max LTV. Lenders and borrowers can then join that pool if they agree to those terms.

• Permissionless and flexible : "No oracle. No liquidity. No code." Stormbit markets do not require pre-existing liqudity or oracle feeds. Anyone can spin up a new lending market in ~60 seconds via the Stormbit interface (app.stormbit.finance) or API. This allows niche communities or token projects to create lending markets or their asset without seeking a price feed or governance approval. The terms are fixed at creation (immutable until the term expires), which gives all participants clarity and trust in the rules.