The lending and borrowing mechanism allows investors to lend their cryptocurrencies to different borrowers and get interest payments in exchange. On WorkQuest, lenders can provide $WUSD to borrowers and receive different annual rates.
💸 The WorkQuest platform offers its users a mechanism to engage in lending for short, medium, or long periods (from one week to 3 years). The users of the platform have the opportunity to provide WQT, BNB, or ETH assets as collateral and borrow some amount of $WUSD stablecoin.
The platform incentivizes employers and employees to deal honestly and prudently using its Rating System with all the feedback stored in a blockchain. 👀
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