# E-commerce Lender Our protocol partners with established, data-driven lenders who have a proven track record in the e-commerce financing space. These partners bring a curated network of high-performing online merchants and sophisticated risk management practices to the ecosystem. The strength of our lending partners is demonstrated by their historical performance. For instance, a local Hong Kong lender, **Qupital**, has funded over $6 billion in merchandise with a remarkably low default rate of 0.1% across eight years of operation. This level of performance is achieved through a multi-layered approach: * **Real-Time Business Monitoring:** Merchants connect their online shop APIs directly to our lending partners. This allows for real-time, transparent monitoring of sales performance, enabling dynamic and data-informed lending decisions. * **Access to High-Growth Segments:** Our network specializes in high-velocity e-commerce segments, particularly Chinese cross-border merchants, many of whom consistently achieve 50-100% year-on-year growth. * **Direct Cash Flow Control:** Through integrations with leading Payment Service Providers (e.g., Airwallex, Lianlian), our lending partners can effectively manage and secure cash flows, significantly de-risking the financing provided. **Tokenizing Top-Tier E-Commerce Performance** The protocol tokenize these vetted businesses into Royalty Tokens. This process provides merchants with a novel form of non-dilutive growth capital and distributes real, revenue-generated yields to token holders. --- # Agent Instructions: Querying This Documentation If you need additional information that is not directly available in this page, you can query the documentation dynamically by asking a question. Perform an HTTP GET request on the current page URL with the `ask` query parameter: ``` GET https://docs.liquidroyalty.com/quick-start/e-commerce-lender.md?ask= ``` The question should be specific, self-contained, and written in natural language. The response will contain a direct answer to the question and relevant excerpts and sources from the documentation. Use this mechanism when the answer is not explicitly present in the current page, you need clarification or additional context, or you want to retrieve related documentation sections.