Who Can Use It ?
Users and Roles
Stormbit is aimed at DeFi-native lenders and borrowers, as well as developpers and institutions who want to create new lending products. The ecosystem participants include:
Borrowers
Any user holding cryptocurrency can use Stormbit to borrow another asset by posting their tokens as collateral. Borrowers can be yield-seekers or those needing liquidity without selling their assets.
In Stormbit, a borrower chooses from available "offers" and locks their collateral until the end of the term.
If they do not repay by term maturity, they forfeit their collateral (no partial liquidation earlier). This attracts sophisticated users who prefer managing their own risk rather than relying on a protocol's active liquidation mechanism.

Lenders
Lenders deposit assets (like USDC) into a lending term to earn fixed yield. When a loan is issued, their funds are pooled and lent out.
If the borrower repays, lenders earn interest. If the borrower defaults, the collateral is sold and losses are shared proportionally based on each lender’s balance at the time of loan origination.
Your pool share stays constant — but its value may drop if a loan defaults.
This time-based accounting ensures fair risk distribution and protects new lenders from past defaults. No oracles, no auto-liquidations — lenders assess risk, and higher yield reflects that.
Term Managers
These are the intiators of lending markets on Stormbit. A term manager could be an indivdual expert, a DAO, or even an off-chain institution, who sets up a new lending term via Stormbit's Create Strategy module.

They decide parameters like accepted collateral, max LTV, interest rate, and they can also enforce verification hooks (e.g. only allow borrowers who pass certain KYC, or ensure certain risk checks). In purely crypto terms, a term manager might simply be someone deploying a pool with certain risk limits.

Term managers typically also supply some capital or act as first lenders to bootstrap the market. They earn a portion of fees for facilitating the term.

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