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
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Virtual Credit Card

In the upcoming phases, borrowers will be granted the option to leverage a virtual credit card provided by Lucia for tangible transactions.

Crucially, the associated transaction fees for these virtual credit card operations will consistently maintain a level below the conventional charges typically associated with traditional credit cards. This advantageous cost structure amplifies the financial viability for borrowers.

Furthermore, this characteristic will also empower borrowers to amass cashback rewards of up to 3.5% upon the successful completion of their loan settlement. These rewards are positioned as an incentive to promote prudent borrowing practices and prompt repayment, thereby conferring supplementary benefits to borrowers.

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Last updated 1 year ago