Lending Protocol

The MIH web wallet functions not only as a storage tool, but also as a lightweight DeFi bank. Users can deposit $MIH or supported assets to earn interest, or use them as collateral to take out loans.

The MIH lending service is built upon an Aave V3 instance, one of the most widely adopted decentralized lending protocols. Aave V3 supports key functionalities such as deposits, collateralized lending, and automated liquidations. Its open-source nature allows MIH to integrate its structure into the platform.

Notable features of Aave V3 include:

eMode for maximizing capital efficiency between correlated assets, Isolation Mode for managing the risk of newly listed assets and Supply and Borrow Caps for controlling liquidity exposure.

• Deposits and Yield Generation: Users can deposit $MIH through the web wallet with just a few clicks and earn yield (yield farming). The assets may be pooled into MIH’s native lending pools or bridged into external DeFi protocols to generate interest. Stablecoins may also be supported, enabling users to earn stable, $MIH-denominated rewards on pegged assets.

• Collateralized Lending: Users in need of liquidity can borrow assets such as USDT or KRW-pegged stablecoins without having to sell their $MIH holdings. Upon initiating a loan request through the web wallet, the user’s $MIH is locked as collateral and the requested amount is disbursed. Loan limits are determined based on LTV (Loan-to-Value) ratios. If asset volatility causes LTV to exceed safe limits, auto-liquidation is triggered. Once the loan and interest are repaid, the collateral is released. Interest rates are dynamic and based on real-time market conditions and platform policy.

These mechanisms help users maximize the utility of their digital assets—whether by earning passive income or unlocking liquidity when needed.

This creates a sustainable cycle of spending → rewards → reinvestment → additional yield, strengthening MIH’s token economy.