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APY - these are usually hot market targets Step 3: Try a Test Transaction We strongly recommend starting small: Supply 50-100 USDT as an initial attempt Watch your balance grow in real-time Try withdrawing after a few minutes to familiarize yourself with the process Increase your investment amount once comfortable New user bonus: First supply may have extra rewards, check official announcements Understanding Key Concepts Supply APY (Annual Percentage Yield) The annual percentage yield you earn for supplying assets. This rate changes dynamically based on: Utilization rate : Higher borrowing demand = higher supply yields Reserve factor : A small portion goes to protocol reserves Compound effect : Your interest continuously generates interest with snowball effect Example : Supply 1,000 USDT at 5% APY → Earn ~50 USDT annually (paid continuously each block, visible in real-time) Pro tip: Focus on markets with 60-80% utilization for optimal yields Borrow APY (Annual Percentage Rate) The annual percentage rate you pay for borrowing. This includes: Base rate : Minimum borrowing cost (typically 2-3%) Utilization multiplier : Rates gradually increase as more assets are borrowed Jump rate : Sharp increase at high utilization to incentivize repayment (above 80%) Example : Borrow 500 USDT at 7% APY → Pay ~35 USDT annual interest Money-saving tip: Avoid borrowing when utilization exceeds 80%, rates jump significantly Collateral Factor The maximum you can borrow against your supplied assets: USDT : 85% (supply 1,000 USDT, borrow up to $850 equivalent) Blue-chip tokenized stocks (AAPL, MSFT) : 75% (supply $1,000, borrow up to $750) Growth tokenized stocks (TSLA, NVDA) : 70% (higher volatility) Small-cap tokenized stocks : 60-65% (higher risk) Safety advice: Don't borrow more than 80% of maximum to maintain safety margin Health Factor Your account's safety score, calculated in real-time: > 2.0 : Very safe, can hold with confidence 1.5 - 2.0 : Safe, periodic monitoring sufficient 1.0 - 1.5 : Warning zone, closely monitor market changes < 1.0 : Danger! Subject to liquidation Liquidation protection: Set price alerts, add collateral or repay when health factor approaches 1.3 Common Use Cases Earning Passive Income Supply USDT or popular tokenized stocks for steady yields No lock-up period - withdraw anytime (subject to available liquidity) Interest compounds automatically, maximizing returns Suitable for long-term investors and conservative users Yield optimization: Diversify across multiple assets to balance risk and returns Tokenized Stock Leverage Supply tokenized stocks as collateral Access leverage through the Hybrid Liquidity Engine with dynamic LTV adjustment Amplify your stock exposure and potential returns Positions remain reusable across DeFi for maximum capital efficiency Risk warning: Leverage amplifies both gains and losses, use cautiously Hedging Strategy Supply USDT or tokenized stocks as collateral Borrow tokenized stocks for portfolio balancing Flexibly adjust positions based on market changes Suitable for professional investors needing risk management Advanced strategy: Achieve portfolio risk neutrality through borrowing mechanics Tax Optimization Access liquidity through borrowing without selling stocks Avoid triggering capital gains tax Maintain long-term positions while meeting funding needs Suitable for high-net-worth users Safety Tips for New Users Start Gradually Start testing with 100 USDT Increase investment after understanding the mechanics Practice on testnet for free (no real fund risk) Join the community to learn from other users' experiences Monitor Your Positions Check health factor daily Set stock price alerts Don't max out borrowing capacity (maintain 20% buffer recommended) Follow market news and volatility Understand the Risks Smart contract risk : Code may contain vulnerabilities (audited multiple times) Liquidation risk : Collateral value drops may trigger liquidation Oracle risk : Price data may be delayed or incorrect (dual oracle protection) Market risk : Stock prices can be extremely volatile Read our Risk Management Guide for detailed information. Testnet Practice New to DeFi? Practice on testnet first: Switch to testnet in your wallet Get free test tokens from the appropriate faucet Visit the Everst testnet application Practice supplying, borrowing, and repaying Risk-free familiarization with all features! Testnet address: testnet.blockstreet.money Next Steps Ready to supply? → How to Supply Assets Want to borrow? → How to Borrow Questions? → Frequently Asked Questions Need help? → Join our Telegram community The Hybrid Liquidity Engine Everst's core innovation is the Hybrid Liquidity Engine , which combines: Off-chain broker-dealer networks : Low-latency execution via private RFQ On-chain liquidity pools : Transparent, permissionless liquidity access Dynamic LTV adjustment : Real-time loan-to-value optimization based on market conditions Capital reusability : Positions can be used across DeFi for maximum efficiency This hybrid approach provides the best of both worlds: institutional-grade execution with decentralized security. Remember: DeFi protocols involve risk. Never invest more than you can afford to lose. Markets carry risk, invest cautiously. 💡 Pro tip: Follow our Twitter for market insights and latest feature updates. Get withdrawal details GET Previous Page How It Works ## /docs/everst/how-it-works How It Works The Lending Pool Model Everst operates on a pooled lending model, similar to how traditional banks work, but completely decentralized and transparent. Traditional Bank vs Everst Traditional Bank Everst Protocol Bank controls your money You control your funds via smart contracts Opaque interest calculations Transparent, onchain rates, real-time verifiable Limited hours and geographic restrictions 24/7 global seamless access Credit checks and tedious procedures required No KYC, purely collateral-based Days for transfers Instant transactions, second-level confirmations Centralization risk Decentralized, no single point of failure Core Mechanics 1. Liquidity Pools Each supported asset has its own liquidity pool: Suppliers deposit assets into the pool, becoming liquidity providers Borrowers take loans from the pool, paying interest Interest flows from borrowers to suppliers, accruing in real-time The protocol takes a configurable reserve fee from the interest spread In this model, suppliers deposit assets into the pool, borrowers take loans from that pool, interest flows from borrowers back to suppliers, with the protocol taking a reserve fee from the spread as a risk reserve. 2. BTokens: Your Yield Receipts When you supply assets, you receive BTokens as receipt tokens: bUSDT - Received for supplying USDT bAAPL - Received for supplying AAPL tokenized stock bTSLA - Received for supplying TSLA tokenized stock bNVDA - Received for supplying NVDA tokenized stock BToken Properties: Represent your share of the pool Automatically accrue interest without manual intervention Transferable or usable in other DeFi protocols Redeemable for underlying asset plus interest anytime BToken Value Growth Mechanism : When initially supplying 1,000 USDT, you receive 50,000 bUSDT tokens at an exchange rate of 0.02. After one year at 5% APY, those same 50,000 bUSDT tokens can be redeemed for 1,050 USDT as the exchange rate grows to 0.021. This mechanism ensures your yields compound automatically. 3. Dynamic Interest Rate Model Interest rates adjust automatically based on supply and demand, ensuring market efficiency: Utilization Rate = Total Borrowed / Total Supplied Utilization Supply APY Borrow APY Description 0% 0% 2% No borrowing demand, minimal returns 30% 1.5% 3.5% Low utilization, moderate yields 50% 2.5% 5% Market equilibrium 80% 6% 10% High demand, rates increase 90% 10% 25% Near capacity, rates jump 95% 15% 40% Critical level, sharp increase The model features a "kink" at 80% utilization where rates increase sharply to maintain liquidity. This ensures suppliers can always withdraw funds. 4. Over-Collateralization System All loans must be over-collateralized to protect protocol security: Your Borrowing Power = Σ (Each collateral value × Corresponding collateral factor) Detailed Example : Suppose you supply: 10,000 USDT (85% collateral factor) → Borrowing power $8,500 $5,000 worth of AAPL tokens (75% collateral factor) → Borrowing power $3,750 $3,000 worth of TSLA tokens (70% collateral factor) → Borrowing power $2,100 Total Borrowing Power = 8,500 + 3,750 + 2,100 = $14,350 5. Health Factor Calculation Health Factor indicates how safe your position is: Health Factor = (Total collateral value × Liquidation threshold) / Total borrowed value Health Factor Levels : > 2.0 : Very safe, no concerns 1.5 - 2.0 : Safe position, periodic monitoring 1.0 - 1.5 : Warning zone, close attention needed < 1.0 : Liquidation triggered, immediate action required Practical Calculation Example : Scenario: You have $10,000 worth of AAPL collateral (80% liquidation threshold), borrowed 5,000 USDT Initial Health Factor = (10,000 × 0.8) / 5,000 = 1.6 (Safe) If AAPL price drops 30%, collateral value becomes $7,000: New Health Factor = (7,000 × 0.8) / 5,000 = 1.12 (Risk zone) You need to immediately add collateral or repay partial debt to avoid liquidation. Liquidation Process When a position becomes undercollateralized (Health Factor < 1.0): 1. Liquidation Triggered Anyone can act as a liquidator Maximum 50% of debt can be liquidated per transaction Protects borrowers from malicious liquidation 2. Liquidator Actions Repays portion of borrower's debt Receives equivalent collateral + liquidation incentive bonus (5-10%) Transaction atomicity - all or nothing 3. Liquidation Example : Borrower situation: Collateral: $10,000 worth of TSLA tokens Debt: 8,500 USDT Health Factor: 0.94 (liquidation triggered) Liquidation process: Liquidator repays 4,250 USDT (50% of debt) Receives $4,675 worth of TSLA (including 10% bonus) Borrower left with: ~$5,325 collateral, 4,250 USDT debt Health Factor restored to > 1.0 Oracle Price Feeds Everst uses redundant price feeds for security and accuracy: Primary: Chainlink Oracles Decentralized price aggregation Updates when price deviates >0.5% Battle-tested across DeFi Covers all major tokenized stocks Secondary: Pyth Network High-frequency price updates Sub-second latency Focused on financial market data Provides additional redundancy Price Aggregation The protocol determines final price by taking data from Chainlink and Pyth. If oracle prices diverge by more than 2%, the protocol uses the more conservative price: Lower price for collateral valuation Higher price for debt calculation Maximum protocol security Smart Contract Architecture The protocol consists of modular, upgradeable contracts: Core Contracts Blotroller.sol : Risk management and access control hub BToken.sol : ERC-20 receipt token implementation InterestRateModel.sol : Rate calculation logic BloPriceOracle.sol : Price feed aggregator Security Features Timelock : 48-hour delay for admin actions Emergency Pause : Protocol suspension during crisis Supply Caps : Maximum protocol exposure per asset Borrow Caps : Limit total borrowing per asset Multi-signature : Critical operations require multiple confirmations Transaction Flow Examples Supply Asset Flow User approves token spending Calls supply function Protocol transfers tokens from user Mints corresponding BTokens to user Interest begins accruing immediately Borrow Asset Flow Ensure sufficient collateral Call borrow function Protocol verifies collateral requirements Transfers borrowed assets to user Begins charging interest Repay Loan Flow Approve token spending for repayment amount Call repay function Protocol transfers tokens from user Reduces borrow balance Releases collateral proportionally Gas Optimization Everst is optimized for transaction efficiency across all supported networks: Operation Type Estimated Gas Cost Description Supply transaction ~$0.15-0.25 Slightly higher on first supply Borrow transaction ~$0.20-0.30 Includes multiple checks Repay transaction ~$0.15-0.25 Simple transfer operation Withdraw yields ~$0.10-0.15 Lowest cost operation Gas prices vary by network and current conditions, BSC typically lowest Advanced Features Flash Loans Borrow and repay within single transaction No collateral required 0.09% fee Used for arbitrage and liquidations Batch Operations Execute multiple operations in one transaction Save gas costs Improve capital efficiency Next Steps Now that you understand how Everst works: Get started with Getting Started Guide Learn about Supported Assets Understand Risk Management Explore Advanced Strategies Technical details subject to change. Always verify current parameters in the app. 💡 Tip: Join our community for the latest strategy sharing and market analysis. Introduction to Everst Welcome to Everst, the Leverage and Liquidity Protocol! This guide will walk you through everything you need to know to start earning yields and leveraging assets on our protocol, embarking on your tokenized stocks DeFi journey. Supported Assets ## /docs/everst/supported-assets Supported Assets Available Markets Overview Everst carefully curates an asset portfolio across multiple blockchain networks. Each asset undergoes comprehensive evaluation for liquidity, oracle reliability, and market demand before listing, ensuring users receive the highest quality lending and borrowing experience. Stablecoin USDT (Tether) Everst's core stablecoin with the highest collateral factor, serving as the primary lending currency and store of value. Collateral Factor : Up to 85% Supply APY : Dynamic floating (based on market demand) Borrow APY : Dynamic floating (based on market demand) Network Support : BSC and other major networks Daily Transaction Volume : Billions of dollars Use Case : Stable value benchmark and primary trading pair USDT Advantages : One of the world's largest stablecoins with excellent liquidity Strong cross-chain compatibility across multiple networks Price stability, suitable for conservative investors Extremely low liquidation risk Tokenized Stocks Everst pioneered tokenized stock lending in DeFi. These assets track real-world stock prices through oracle systems, providing investors with an unprecedented tokenized stock DeFi experience. Blue-Chip Technology Stocks AAPL (Apple Inc.) Collateral Factor : Up to 75% Market Cap : $3+ trillion Supply APY : 3-12% (demand-based) Borrow APY : 5-18% (utilization-based) Characteristics : World's largest tech company, stable growth Target Audience : Conservative investors MSFT (Microsoft) Collateral Factor : Up to 75% Market Cap : $2.8+ trillion Supply APY : 3-10% Borrow APY : 5-15% Characteristics : Cloud computing and enterprise software leader Target Audience : Long-term value investors GOOGL (Alphabet) Collateral Factor : Up to 75% Market Cap : $2+ trillion Supply APY : 4-11% Borrow APY : 6-16% Characteristics : Search engine and advertising technology leader Target Audience : Tech investment enthusiasts High-Growth Technology Stocks TSLA (Tesla) Collateral Factor : Up to 70% Market Cap : $800+ billion Supply APY : 5-15% Borrow APY : 8-25% Characteristics : Electric vehicle and clean energy leader Risk Level : Medium-High (higher volatility) Target Audience : Risk-tolerant investors NVDA (NVIDIA) Collateral Factor : Up to 70% Market Cap : $3+ trillion Supply APY : 6-18% Borrow APY : 8-28% Characteristics : AI chips and data center solutions Risk Level : Medium-High Target Audience : AI concept investors META (Meta Platforms) Collateral Factor : Up to 70% Market Cap : $1.3+ trillion Supply APY : 4-14% Borrow APY : 6-22% Characteristics : Social media and metaverse platform Target Audience : Social technology investors Traditional Financial Stocks JPM (JPMorgan Chase) Collateral Factor : Up to 70% Market Cap : $600+ billion Supply APY : 3-9% Borrow APY : 5-14% Characteristics : One of America's largest banks Target Audience : Traditional finance investors BAC (Bank of America) Collateral Factor : Up to 70% Market Cap : $300+ billion Supply APY : 3-8% Borrow APY : 5-13% Characteristics : Global investment banking and financial services Target Audience : Banking stock investors ETF Index Funds SPY (SPDR S&P 500 ETF) Collateral Factor : Up to 75% Assets Under Management : $500+ billion Supply APY : 2-8% Borrow APY : 4-12% Characteristics : Tracks S&P 500 index Target Audience : Diversified investors QQQ (Invesco QQQ Trust) Collateral Factor : Up to 75% Assets Under Management : $240+ billion Supply APY : 3-10% Borrow APY : 5-15% Characteristics : Tracks Nasdaq 100 index Target Audience : Tech growth stock investors Asset Listing Standards Liquidity Requirements Minimum Daily Transaction Volume : Over $100 million DEX Liquidity : Sufficient liquidity across supported networks Cross-chain Infrastructure : Verified bridging solutions Market Depth : Ensure large trades don't significantly impact prices Oracle Requirements Primary Price Source : Chainlink or Pyth Network Backup Oracle : At least one independent backup data source Deviation Tolerance : Configurable price deviation thresholds Update Frequency : Regular heartbeat intervals ensure data timeliness Risk Assessment Historical Volatility Analysis : At least 12 months of price history data Correlation Studies : Correlation analysis with listed assets Contract Audits : Smart contract security audit reports Compliance Review : Comprehensive regulatory compliance assessment Dynamic Interest Rate Mechanism Interest rates change in real-time based on market dynamics: Supply Rate Influencing Factors Market Demand : Higher borrowing demand = higher supply rates Asset Scarcity : Popular tokenized stocks typically offer higher yields Network Effects : More users = better liquidity = more stable rates Seasonal Factors : Earnings seasons, dividend seasons affect stock borrowing demand Borrow Rate Structure Base Rate : Minimum borrowing cost for each asset Utilization Multiplier : Rates gradually increase as assets are borrowed more Jump Rate : Sharp increase after 80% utilization to maintain protocol stability Actual Rate Examples (Current Market Conditions): Asset Type Typical Supply APY Typical Borrow APY Historical High APY USDT 3-8% 5-12% 15% AAPL 4-12% 6-18% 25% TSLA 6-18% 8-28% 40% NVDA 7-20% 10-32% 50% Asset Addition Process Community Proposal Mechanism Everst community can propose new assets through governance: Submit Proposal : Include detailed liquidity data and market analysis Oracle Solution : Provide feasible price source integration plan Community Risk Assessment : Comprehensive risk analysis by community experts Governance Vote : Minimum 7-day public voting period Technical Implementation : Implementation by technical team upon approval New Asset Requirements Established History : At least 12 months of trading records Verifiable Contracts : Open-source and audited smart contracts Reliable Oracle : Stable price data sources Sufficient Liquidity : Adequate liquidity across supported networks Community Demand : Clear market demand and user base Multi-Asset Strategy Advantages Diversified Yields Achieved by supplying multiple asset types: Reduce Concentration Risk : Not dependent on single asset performance Diversified Returns : Different yield characteristics of various assets Balanced Collateral Portfolio : Combination of stablecoin + tokenized stocks Optimize Borrowing Capacity : Maximize your borrowing limits Cross-Collateralization Strategy All supplied a