B.Protocol is a backstop protocol built on decentralized finance (DeFi), specifically targeting lending platforms. It aims to provide an additional layer of protection for users by allowing them to access an organized collective of "keepers" who can bid on liquidations of undercollateralized loans.
B.Protocol aims to improve the efficiency and user experience of existing lending platforms. By integrating with popular lending protocols such as Compound and MakerDAO, B.Protocol creates a more reliable and stable environment for lenders and borrowers.
Keepers on the B.Protocol platform can participate in the liquidation process of undercollateralized loans, ensuring that the loans are sold at market prices and reducing the risk for lenders. Additionally, B.Protocol offers a reward system to keepers, incentivizing their participation and ensuring a healthier and more competitive marketplace.
The project's native token is called BPRO. This utility token is used for governance, staking, and fee sharing within the protocol. Holders of BPRO tokens can participate in decision-making processes, such as proposing and voting on updates and improvements to the protocol.
Overall, B.Protocol provides a unique solution to address the risks associated with undercollateralized loans in the DeFi space. It aims to enhance the security and performance of lending platforms while offering additional opportunities for token holders to participate in protocol governance.
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