Meridian is a digital asset that is designed to be used in combination with Bitcoin. Meridian tokens can be used as collateral to secure bitcoin loans from our platform. You are able to earn bonuses and rewards for completing loan repayments.
Overall, due to the bonuses and rewards that are available, more financial benefit is derived from maintaining and building a solid history of loan repayments. Borrowers who fail to repay their loans forfeit their collateral and are banned from the service.
Due to Meridians’ ability to appreciate in value, it is perfectly moulded to perform its role as digital collateral. Should a borrower fail to make repayments, funds will be recovered via value appreciation of the forfeited collateral.