Lock
$1BANK.
Borrow USD1
Deposit your $1BANK as collateral to borrow USD1. Repay your loan to withdraw your tokens.
available in treasury
of your staked value in USD1
01 / DEPOSIT COLLATERAL
Lock $1BANK tokens as collateral to unlock borrowing capacity at 25% LTV.
02 / BORROW USD1
Borrow up to 25% of your staked value. 5% APR. No time limit.
03 / TREASURY FUNDING
Our treasury is funded by USD1 creator rewards earned on bonk.fun platform. Claims happen every 10 minutes, automatically flowing into the lending pool.
View Treasury25%
Max LTV Ratio
5%
Borrow APR
Earn USD1 on bonk.fun.
On the bonk.fun platform, creators earn USD1 rewards. These rewards are automatically claimed every 10 minutes and flow directly into our treasury wallet, funding the lending pool.
First collateral asset is our native token $1BANK. Deposit it to take out loans. More assets from top Let's Bonk platform tokens will be added soon.
Official Contract Address
DpNJYmrkiZPKppY35Y3qDtmPfxXeuzSmd1k26sWzbonkFrequently Asked Questions
What is USD1 BANK?+
USD1 BANK is a decentralized lending platform where you deposit $1BANK tokens as collateral to borrow USD1. Our treasury is funded through USD1 creator rewards earned on the bonk.fun platform.
How does the treasury funding work?+
On the bonk.fun platform, we earn USD1 as creator rewards. These rewards are automatically claimed every 10 minutes and deposited directly into our treasury wallet, which funds the lending pool available for borrowers.
What is the $1BANK token?+
$1BANK is our native token and the first collateral asset supported on the platform. You deposit $1BANK to unlock borrowing capacity. More assets from top Let's Bonk platform tokens will be added in the future.
How much can I borrow?+
You can borrow up to 25% of your deposited $1BANK value in USD1 (25% LTV ratio). For example, if you deposit $1,000 worth of $1BANK, you can borrow up to $250 USD1 at 5% APR with no time limit.
Can I withdraw my tokens anytime?+
You can withdraw your deposited tokens only after fully repaying your outstanding loan. This ensures your collateral secures your debt until repayment.
What are the fees and interest rates?+
Borrowing costs 5% APR with no time limit on repayment. There are no fees for depositing or withdrawing collateral. Interest accrues on your outstanding loan balance.
Are my funds safe?+
Your deposited tokens are held as collateral in smart contracts. The platform uses conservative 25% LTV ratios to maintain healthy positions. Always ensure you understand the risks of DeFi lending before participating.
Will more tokens be supported?+
Yes! We plan to add support for top tokens from the Let's Bonk platform. $1BANK is just the first asset. Stay tuned for announcements on additional collateral options.