🔎Introduction - Concept

The debt protocol is a new concept in the DeFi world. To understand its concept, we can take the definition of what debt is in the traditional world.

By definition, a debt is a duty of one person to another. Financially, it means that one person owes another person money. Usually, this debt is paid over a period of time.

With Debt protocol, we automate debt in a secure, decentralized and mandatory manner using blockchain technology and its smart contracts.