Lucia Protocol
  • Welcome to Lucia Protocol
  • Introduction
    • Lucia Protocol
  • PRODUCT FEATURES
    • Features Overview
  • Attribution Credit Scoring System
  • Low Collateralized Ratio (100%)
  • Enhanced Privacy with Zero Knowledge Proofs
  • Default Protection Insurance
  • Lender & Borrower Reward System
  • Virtual Credit Card
  • Flash Loans
  • SYSTEM OVERVIEW
    • Tokenomics
  • The LUCI Token
  • The LCI Token
  • The stLCI Token
  • Barns and Sheds
  • Silos
  • Plots
  • Protocol Owned Liquidity
  • The Treasury
  • System Functionality
    • Borrower Operations
      • Borrowing Fees
  • Lender Operations
  • Silo Operations
  • Redemption Mechanism
  • Credit Reputation
  • Liquidations
  • Credit Default Risk
    • CDI Architecture
    • Smart Contract-based Architecture of CDI System
  • Risk Management
  • Insurance Claims & Entitlements
  • Governance & Investments
  • Rewards System
    • Lenders
  • Borrowers
  • Token Rewards
  • SUMMARY
    • Conclusion
Powered by GitBook
On this page

Borrowers

PreviousLendersNextToken Rewards

Last updated 1 year ago

Within the Lucia ecosystem, borrowers also have the opportunity to earn rewards. A strong track record characterized by Lucia Credit Attribution scores and punctual loan repayments can result in discounted insurance premiums for these borrowers. Additionally, upon full repayment of a loan without any penalties, borrowers can qualify for a cashback incentive of 3.5%, which is disbursed in the form of Lucia's proprietary token, LUCI.

Debt Repayment Rewards Formula:

Where Cashback is the reward amount in LUCI tokens and Total Repaid Amount is the full amount repaid by the borrower.