What is AlphBanX?

AlphBanX is a decentralized platform operating on the Alephium network, facilitating loans in AlphBanX Dollars by utilizing the Alephium native Token (Alph) as collateral. The platform maintains a collateralization requirement of at least 150% of the borrowed amount to enhance both safety and stability.

The system features Auction pools that allow users to contribute ABD, the stablecoin, into four discount tiers of 5%, 10%, 15%, and 20%. In the event of loan liquidations, users can repay loans that fall below the 150% collateral ratio, enabling arbitrage opportunities during market downturns. Additionally, rewards generated from borrowers are allocated to ABX stakers and ABD liquidity providers within the auction pool.