Borrowers

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.