FAQ's

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Frequently Asked Questions

Just find your answers below
  • What is SoFi Chain Lending?

    SoFi Chain Lending is a decentralized finance (DeFi) platform built on the Ethereum network, offering secure and efficient loan solutions with instant approvals, no KYC, and support for over 130 types of collateral.

  • How does the loan approval process work?

    Our platform uses smart contracts to provide instant loan approvals. Users deposit collateral, and the system evaluates it to provide funds immediately, without the need for KYC or credit checks.

  • What types of collateral are accepted?

    We accept over 130 types of collateral, including major cryptocurrencies like Bitcoin, Ethereum, and various ERC-20 tokens, as well as other digital assets.

  • How are loans repaid?

    Loans are repaid automatically through our smart contracts, which generate returns by staking your collateral. This minimizes liquidation risks and ensures seamless repayment.

  • What are COMP tokens, and how do I earn them?

    COMP tokens are governance tokens of the Compound protocol. As a borrower on our platform, you earn COMP tokens as rewards, adding value to your financial portfolio.

  • How does SoFi Chain Lending ensure security?

    We leverage advanced smart contracts and high collateral requirements to ensure the safety of your assets. Our platform is designed to minimize risks and protect user funds.

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SoFiChain is a proud entity of SoFi, a licensed provider of Banking, Loans, Investment, Credit Card, and Mortgage services in the United States. Our mission at SoFiChain Lending is to transform the lending landscape by offering innovative, secure, and efficient loan solutions on the Ethereum network. We empower users to unlock the full potential of their assets through decentralized finance (DeFi) offerings.

SoFi is licensed as a Money Transmitter by the New York State Department of Financial Services, ensuring our operations meet rigorous regulatory standards. As a verified compliance entity, SoFiChain is dedicated to providing reliable DeFi liquidity loan solutions while prioritizing user security and transparency.

Please trade and invest responsibly, and ensure you understand the associated risks. For more information about our services and compliance, feel free to explore our website.

© SoFi Chain Lending - Decentralized Finance Lending Platform