Bomb US Money BUSM Price N/A

busm.money is a lending platform that uses xBOMB, an interest bearing token, as collateral to borrow a USD pegged stablecoin (Bomb US Money - BUSM), that can be used as any other traditional stablecoin. In bomb.money, every BUSM is backed by xBOMB. Unlike most protocols where all user's collateral is at risk of a liquidation event, here in busm.money, each Collateralized Debt Position (CDP) is isolated and only at risk of its own individual liquidation. That being said, there are still times when a user's xBOMB value will decrease and be flagged for liquidation. In this event, 3rd party players (usually bots) can choose to repay all of the BUSM debt in exchange for the xBOMB collateral used.