What is B.Protocol?
B-Protocol is a decentralized backstop liquidity protocol in which backstop liquidity providers (BLP) purchase the right to liquidate under-collateralized loans and share profits with platform users. As a result, users receive a higher yield than their standard interest rate. The proposed mechanism eliminates the need for gas wars between liquidators, transferring a significant portion of the protocol value back to borrowers and lenders, and improving their effective interest rate.
