🔋INTRODUCTION

Welcome to Burst Finance, but first of all, welcome to BASE. BASE is an Ethereum-compatible L2 network based on Coinbase.

Burst Finance is a Liquid Staking Derivative (LSD) protocol, heralding a new era in DeFi as DeFi 2.0, offering innovative liquidity solutions for DeFi participants. It is a decentralized, non-liquidation, interest-free, self-repaying loan protocol that enables users to obtain loans by using Liquid Staking Derivatives (LSD) as collateral. Upon depositing LSD tokens into the protocol, users are eligible to borrow Burst Finance's synthetic Ether token (burstETH), which can be traded in the market to provide immediate liquidity. Repayment concerns are alleviated, as loans are automatically repaid through the staking rewards generated from the collateral. Furthermore, users have the flexibility to prematurely conclude their staking by repaying the remaining loan balance.

Burst Finance provides flexible credit facilities, allowing users to leverage their income-producing collateral for loans without having to liquidate their holdings. Distinct from conventional lending platforms, it affords users the liberty to freely manage their positions with no mandated lock-in durations. Additionally, the platform ensures that the user's collateral remains unliquidated unless they decide to proceed with such an action.