Lenders

Operator Responsibilities Node operators evaluate the different borrowers’ applications, perform the necessary due diligence and credit checks to assess risk, and assign them varying interest rates and limits based on their assessed creditworthiness and risks. Our smart contract loans will allow for maximum flexibility of loan terms such as; maturity dates, interest rates, repayment frequency, late penalties, and repayment types (interest-only vs. interest + principal).

These smart contracts will allow for a fully transparent and immutable record of all loans issued, both outstanding and completed, for potential lenders to use to decide which operators they wish to delegate their funds to. The record will be summarised into easily digestible information that lenders will be able to audit to decide on a Banking Pool to which to commit their capital.

Incentive Structure The incentive structure designed into our protocol and Tapi tokens, rewards node operators who perform their duties effectively, and takes punitive actions against operators that fail to carry out their duties. This is done through a fair revenue share and a penalizingslashing model.