Block Street 백서 전문

ssets contribute to borrowing power: Portfolio Example : Supply 10,000 USDT (85% collateral factor) → $8,500 borrowing power Supply $5,000 worth of AAPL (75% collateral factor) → $3,750 borrowing power Supply $3,000 worth of TSLA (70% collateral factor) → $2,100 borrowing power Total Borrowing Power: $14,350 This strategy enables you to: Maintain stable yields under different market conditions Adjust portfolio according to personal risk preferences Enjoy dual benefits of stock appreciation and stablecoin yields Oracle Price System Price Data Sources Primary Oracles : Chainlink : Decentralized oracle network covering all major stocks Pyth Network : High-frequency price updates focused on financial market data Price Update Logic : Tokenized Stocks : Follow US stock trading hours, after-hours prices remain stable USDT : Real-time monitoring, updates when deviation exceeds 0.1% Emergency Situations : Manual intervention capability for extreme situations Price Security Mechanisms Multiple Data Sources : Prevent single points of failure Deviation Checks : Monitor price differences between oracles Circuit Breakers : Protection measures during extreme volatility Conservative Valuation : Use safer prices for protocol during disputes Important Considerations Market Hours Characteristics Tokenized Stocks : Prices follow US stock trading hours, less volatility on weekends USDT : 24/7 real-time trading and price updates Holiday Impact : Stock token liquidity may decrease during US holidays Cross-chain Operations Official Bridges : Always use officially certified cross-chain bridges Contract Verification : Always verify contract addresses before transactions Fee Considerations : Cross-chain operations may incur additional fees Tax Implications Supplying and borrowing may have tax consequences in your jurisdiction. Please consult a tax professional for guidance. Upcoming Assets Planned Tokenized Stocks AMZN (Amazon) - Expected launch next month NFLX (Netflix) - Under evaluation DIS (Disney) - Community voting in progress AMD (Advanced Micro Devices) - Technical integration underway Emerging Market ETFs EEM (iShares MSCI Emerging Markets) - Under research VTI (Vanguard Total Stock Market) - Oracle integration in progress Asset Usage Recommendations Beginner Recommended Portfolio 70% USDT : Stable foundation, low risk 20% AAPL/MSFT : Blue-chip stocks, steady growth 10% SPY : Diversified index fund Advanced Investment Portfolio 50% USDT : Stable core 30% Blue-chip Stock Tokens : AAPL, MSFT, GOOGL 20% Growth Stock Tokens : TSLA, NVDA, META Aggressive Investment Portfolio 30% USDT : Basic safety cushion 30% High-growth Stocks : TSLA, NVDA 40% Diversified Stock Portfolio : Balanced allocation across tech, finance, ETFs Next Steps Ready to start using Everst? Connect Wallet to get started immediately Supply Assets to earn yields Borrow Assets to access liquidity Risk Management for effective control Asset availability and parameters may change through governance. Always verify current values in the app. 💡 Professional Advice: Regularly rebalance your investment portfolio and adjust asset allocation ratios based on market changes. How It Works Supply & Earn Complete guide to supplying assets and earning yields on Everst ## /docs/everst/supplying Supply & Earn Complete guide to supplying assets and earning yields on Everst Complete Guide to Supplying Assets and Earning Yields Supply assets to Everst to earn continuously compounding variable interest rates. When you supply tokens, you provide liquidity for borrowers to use, and in return, you earn interest from their borrowing activity. How to Supply Assets Quick Start Supplying assets to Everst takes just a few clicks: Connect Your Wallet - Use MetaMask, Trust Wallet, or any Web3 wallet Choose an Asset - Select from our supported markets Enter Amount - Specify how much to supply Approve & Supply - Complete two transactions Earn Interest - Automatically compounds every block Detailed Process Supply assets to the protocol's liquidity pools Receive BTokens as receipt tokens (e.g., supply USDT, receive bUSDT) Earn interest that compounds every block Withdraw anytime by redeeming your BTokens Interest Accrual Mechanics Interest accrues through BToken exchange rate appreciation: BTokens maintain a constant balance in your wallet The exchange rate between BTokens and underlying assets increases over time This mechanism is gas-efficient and enables composability with other DeFi protocols The exchange rate increases over time as interest accrues, allowing your BTokens to be redeemed for more of the underlying asset. Current Supply Rates Rates update dynamically based on market conditions Asset APY Range Typical Utilization Collateral Factor Risk Level USDT 3-12% 40-80% Up to 85% Low AAPL 4-15% 30-70% Up to 75% Medium TSLA 6-20% 35-75% Up to 70% Medium-High NVDA 7-25% 40-80% Up to 70% Medium-High SPY 2-10% 25-65% Up to 75% Low-Medium Note: Rates shown are examples and change in real-time based on supply and demand Real-time Rate Influencing Factors Borrowing Demand : Tokenized stock borrowing demand directly affects supply yields Market Hotspots : Popular stocks (like AI concept stocks) typically offer higher APY Earnings Seasons : Quarterly earnings periods increase borrowing activity Market Volatility : High volatility periods increase borrowing demand BTokens Explained BTokens are ERC-20 tokens that represent your supplied position in Everst: Key Properties Transferable : Send BTokens to other addresses Composable : Use in other DeFi protocols Interest-Bearing : Automatically accrue value over time Redeemable : Exchange for underlying assets plus interest anytime Exchange Rate Example When you supply 1,000 USDT, you might receive 50,000 bUSDT tokens. After one year at 5% APY, those same 50,000 bUSDT tokens can be redeemed for 1,050 USDT. The exchange rate increases from 0.02 to 0.021, representing your earned interest. Tokenized Stock BToken Features bAAPL, bTSLA, bNVDA etc. represent your tokenized stock supplies Real-time Value Tracking : Tracks underlying stock price changes Compound Growth : Stock appreciation + interest yields dual growth 24/7 Tradeable : Not limited by traditional market hours Collateral Benefits Supplied assets automatically serve as collateral, enabling you to: Borrow other assets against your supplies Maintain exposure while accessing liquidity Earn interest even while using assets as collateral Collateral Factors by Asset Type Asset Type Collateral Factor Risk Level Liquidation Threshold Recommended Strategy USDT Stablecoin 85% Low 88% Conservative base allocation Blue-chip Stock Tokens (AAPL, MSFT) 75% Medium 80% Core holdings Growth Stock Tokens (TSLA, NVDA) 70% Medium-High 75% Growth allocation ETF Indices (SPY, QQQ) 75% Low-Medium 80% Diversified investment Collateral factors determine maximum borrowing power against supplied assets Step-by-Step: How to Supply Assets Before You Begin Requirements ✅ Web3 wallet (MetaMask, Trust Wallet, etc.) ✅ Native tokens for gas fees (BNB, etc.) ✅ Assets to supply (USDT, AAPL, TSLA, NVDA, SPY, etc.) ✅ Connected to a supported network Step 1: Connect Your Wallet Go to app.blockstreet.money Click "Connect Wallet" in the top right Select your wallet provider Approve the connection request Verify you're on the correct network Step 2: Choose an Asset to Supply Navigate to the "Markets" page Review available assets and their APYs Click "Supply" next to your chosen asset What to look for: Supply APY : Your expected annual return (USDT: 3-12%, AAPL: 4-15%, TSLA: 6-20%) Total Supplied : Market size and liquidity Utilization Rate : How much is being borrowed Risk Level : Asset volatility classification Recommended for beginners: USDT : Stable, low-risk option with 3-8% APY SPY : Diversified ETF with moderate risk AAPL : Blue-chip stock with balanced risk/return Step 3: Enter Supply Amount Enter the amount you want to supply Or click "Max" to supply your full balance Review the transaction details: Amount supplying Current APY BTokens you'll receive (bUSDT, bAAPL, bTSLA, etc.) Estimated annual earnings Step 4: Approve Token Spending First time only for each asset: Click "Approve" Confirm in your wallet Wait for approval confirmation Gas cost: typically $0.10-0.20 Step 5: Complete the Supply Click "Supply" Review the transaction in your wallet: Amount being supplied Gas fee (varies by network) Click "Confirm" Wait for confirmation (~3-10 seconds) Step 6: Receive Your BTokens Once confirmed, you'll receive BTokens: USDT → bUSDT AAPL → bAAPL TSLA → bTSLA NVDA → bNVDA SPY → bSPY These tokens represent your supplied position and automatically earn interest through exchange rate appreciation. Supply Strategies Strategy 1: Stable Income (Beginner Friendly) Risk : Low | Return : 3-8% APY Supply USDT for predictable yields: No price volatility risk Highest collateral factor (85%) Ideal for DeFi beginners Perfect base for diversified portfolio Recommended allocation : 60-80% of portfolio Strategy 2: Stock Exposure + Yield Risk : Medium | Return : 5-15% APY + stock appreciation Supply blue-chip tokenized stocks: Maintain long exposure to favorite stocks Earn lending interest on top of price appreciation Use as collateral for additional investments 24/7 liquidity vs. traditional stock markets Best assets : AAPL, MSFT, GOOGL Strategy 3: High-Growth Maximization Risk : Medium-High | Return : 8-25% APY + volatility upside Supply high-growth tokenized stocks: Target highest APY opportunities Capitalize on market volatility Time entries around earnings/news Requires active monitoring Best assets : TSLA, NVDA, META Withdrawing Your Supplies How to Withdraw Quick Steps Navigate to your Dashboard Click "Withdraw" on the supplied asset Enter the amount to withdraw Confirm the transaction Receive your assets plus earned interest Understanding Withdrawal Conditions Available Liquidity You can withdraw when the protocol has sufficient unborrowed funds. The available liquidity equals total supplied minus total borrowed for that asset. High Utilization Scenarios When utilization exceeds 90%, withdrawals may be temporarily limited. The high interest rates incentivize new supply and loan repayments, quickly restoring liquidity. Collateral Requirements If you have active borrows, your supplied assets serve as collateral. You cannot withdraw amounts that would cause your Health Factor to drop below 1.0. Safe Withdrawal Calculation The maximum you can safely withdraw while borrowing equals your excess collateral value - the amount above your minimum required collateral. Step-by-Step Withdrawal Guide Step 1: Check Your Position Before withdrawing, review: Current supply balance with interest Any active borrows Your Health Factor if borrowing Available liquidity in the pool Step 2: Calculate Withdrawal Impact If you're borrowing, ensure withdrawal won't trigger liquidation: Check post-withdrawal Health Factor Maintain safety buffer above 1.5 Consider partial withdrawal if needed Step 3: Execute Withdrawal Click "Withdraw" on your supplied asset Choose withdrawal amount: Enter specific amount, or Click "Max" for maximum safe withdrawal Review transaction details: Amount to receive Remaining supplied balance Updated Health Factor (if borrowing) Confirm in your wallet Wait for transaction confirmation Step 4: Receive Assets Once confirmed: Assets return to your wallet Interest earnings included automatically BTokens burned proportionally Dashboard updates immediately Withdrawal Strategies Full Withdrawal Completely exit your position: Ensures no outstanding borrows first Withdraws principal plus all interest Burns all BTokens for that asset Removes from collateral if enabled Partial Withdrawal Maintain position while accessing funds: Withdraw earned interest only Keep principal working Maintain collateral for borrowing Optimize tax implications Common Withdrawal Issues "Insufficient Liquidity" Problem : Not enough unborrowed assets to withdraw Solutions : Wait for borrowers to repay Withdraw smaller amount Check other markets for liquidity Monitor utilization rate changes "Cannot Withdraw - Used as Collateral" Problem : Assets securing an active loan Solutions : Repay borrowed amounts first Supply additional collateral Reduce borrow position Disable collateral after repaying "Health Factor Too Low" Problem : Withdrawal would trigger liquidation Solutions : Calculate maximum safe amount Add more collateral first Repay portion of debt Withdraw in smaller increments Important Considerations No Minimum Supply Requirement Any Amount : Supply any quantity, no minimum limits Cost Consideration : Small supplies should consider gas costs Recommended Minimum : Suggest starting with at least 100 USDT No Lock-up Period Withdraw Anytime : Withdraw at any time (subject to available liquidity) No Withdrawal Fees : No withdrawal fees or penalties Instant Settlement : Withdrawals settle immediately Risk Factors Smart Contract Risk Audited but Non-Zero Risk : Smart contracts are audited but still have potential risks Only Supply What You Can Afford to Lose : Follow basic risk management principles Review Security Documentation : Understand detailed security measures Interest Rate Variability Rates Change with Markets : No fixed or guaranteed returns Regular Monitoring : Regularly check rate changes Market Cyclicality : Understand cyclical nature of rate changes Tokenized Stock Specific Risks Price Volatility : Stock token price volatility may affect collateral value Market Hours : Price updates follow US stock trading hours Company Risk : Impact of individual company fundamental changes Regulatory Risk : Potential impact of related regulatory policy changes Next Steps Ready to borrow? → Borrowing Guide Manage risk → Risk Management Questions? → FAQ Interest rates are variable and subject to change based on market conditions. Past performance does not guarantee future results. Supported Assets Borrowing Guide Complete guide to borrowing assets on Everst ## /docs/everst/borrowing Borrowing Guide Complete guide to borrowing assets on Everst Access Liquidity Without Selling Borrow from Everst using your supplied assets as collateral. All loans are over-collateralized with no fixed repayment schedule—repay whenever you want. Why Borrow? Common Use Cases 1. Access Liquidity Without Selling Keep your stock token long positions while accessing cash for expenses or investment opportunities. 2. Tax Efficiency In many jurisdictions, borrowing isn't a taxable event, unlike selling. 3. Hedging Strategies Borrow stock tokens for portfolio balancing, flexibly adjusting positions based on market changes. 4. Leverage Trading Borrow to increase your position size (advanced strategy with higher risks). 5. Arbitrage Opportunities Borrow at lower rates to deploy capital in higher-yielding strategies. How Borrowing Works Process Supply collateral to the protocol Enable assets as collateral (if not automatic) Borrow up to your limit based on collateral factors Pay interest continuously on borrowed amount Repay anytime to reclaim your collateral Key Mechanics Over-Collateralization Required Your maximum borrowing capacity equals the sum of each collateral's value multiplied by its collateral factor. Example : If you supply $10,000 worth of AAPL tokens with a 75% collateral factor, you can borrow up to $7,500 worth of any asset. The $2,500 difference serves as a safety buffer protecting against price volatility. Current Borrow Rates Rates update dynamically based on utilization Asset Borrow APY Available Liquidity Utilization Borrow Cap Risk Level USDT 5-15% Market-dependent 40-80% Configurable Low AAPL 6-18% Market-dependent 30-70% Configurable Medium TSLA 8-25% Market-dependent 35-75% Configurable Medium-High NVDA 10-30% Market-dependent 40-80% Configurable Medium-High SPY 4-12% Market-dependent 25-65% Configurable Low-Medium Note: Rates and liquidity change dynamically based on supply and demand Borrowing Power Calculation Your borrowing power depends on: Value of supplied assets Collateral factors of those assets Current oracle prices Collateral Factors Asset Type Collateral Factor Max LTV Liquidation Threshold Recommended Strategy USDT Stablecoin 85% 85% 88% Conservative base allocation Blue-chip Stock Tokens (AAPL, MSFT) 75% 75% 80% Core holdings Growth Stock Tokens (TSLA, NVDA) 70% 70% 75% Growth allocation ETF Indices (SPY, QQQ) 75% 75% 80% Diversified investment Detailed Example Your Supplied Assets: - $5,000 worth of AAPL = $5,000 (75% collateral factor) - 10,000 USDT = $10,000 (85% collateral factor) - $3,000 worth of TSLA = $3,000 (70% collateral factor) Borrowing Power Calculation: - AAPL: $5,000 × 0.75 = $3,750 - USDT: $10,000 × 0.85 = $8,500 - TSLA: $3,000 × 0.70 = $2,100 Total Borrowing Power: $14,350 Health Factor Management Your Health Factor is crucial for avoiding liquidation: Calculation Health Factor equals your total collateral value multiplied by the liquidation threshold, divided by your total borrowed amount. Health Factor Zones Health Factor Status Recommendation > 2.0 Very Safe Comfortable buffer 1.5 - 2.0 Safe Monitor occasionally 1.25 - 1.5 Caution Monitor closely 1.0 - 1.25 Risk Zone Add collateral or repay < 1.0 Liquidation Subject to liquidation Real-World Scenario Initial Position With $10,000 worth of AAPL collateral and 5,000 USDT borrowed, your Health Factor is 1.6 (safe). Market Movement If AAPL drops 30%, your collateral value falls to $7,000 while debt remains 5,000 USDT. Your Health Factor drops to 1.12, entering the risk zone. Required Action To restore safety, you need to either supply additional collateral or repay approximately $1,000 of your loan. Interest Rate Dynamics How Rates Are Determined Everst uses a Jump Rate Model that adjusts rates based on utilization: When utilization is below 80%, rates increase gradually. Above 80%, rates jump sharply to ensure liquidity remains available for withdrawals. Typical Parameters : Base Rate: 2% APY Multiplier: 0.15 (15% slope) Kink: 80% utilization Jump Multiplier: 1.0 (100% slope after kink) Interest Accrual Interest accrues continuously with each block: Compounds continuously No payment schedule Added to your borrow balance Paid when you repay Example Interest Calculation : Borrowing 10,000 USDT at 7% APY results in approximately $1.92 daily interest, $58 monthly interest, and $700 annual interest. Step-by-Step: How to Borrow Prerequisites Before borrowing, you must: ✅ Have supplied assets to use as collateral ✅ Enable those assets as collateral ✅ Understand your borrowing capacity ✅ Have native tokens (BNB, etc.) for gas fees Understanding Your Borrowing Power Calculate Your Capacity Your maximum borrowing amount depends on: Borrowing Power = Σ(Collateral Value × Collateral Factor) Safety Recommendation Never borrow your maximum! Keep a safety buffer: Conservative: Borrow < 50% of capacity Moderate: Borrow < 70% of capacity Aggressive: Borrow < 85% of capacity Step 1: Check Your Collateral Go to "Dashboard" View your supplied assets Ensure "Collateral" is enabled Note your "Borrowing Power" If collateral isn't enabled: Click the asset Toggle "Use as Collateral" Confirm transaction (gas varies by network) Step 2: Choose Asset to Borrow Navigate to "Markets" Review borrowable assets Check important metrics: Borrow APY : Interest rate you'll pay Available Liquidity : Amount you can borrow Total Borrowed : Market utilization Recommended Borrowable Assets For Begi