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What is Binance automatic repayment and borrowing?

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What is Binance automatic repayment and borrowing? In the bear market of 2018,

What is Binance automatic repayment and borrowing?

What is Binance automatic repayment and borrowing? In the bear market of 2018, the value of assets borrowed by users was much lower than the platform’s profit, which led to traders being unable to bear the margin and liquidation risks. Therefore, in the cryptocurrency community, it is common to see investors unable to withstand the risk of liquidation from high leverage. In such cases, when the cryptocurrency price drops, users’ borrowing activities can result in losses (such as liquidation). At this time, funds can be deposited into smart contracts and borrowed against collateral. The automatic repayment mechanism determines the borrowing time, interest, and repayment ability based on market prices. If it is a single transaction, the interest must be paid to the customer according to the system.

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