- Which currencies are supported for pledge?
Currently, BTC, ETH, are supported as pledge currencies, which are subject to the actual page displayed.
- What currencies are supported by borrowing?
Currently support lending or investing in USDT, which is based on the actual page displayed.
- Is the loan or investment term limited?
Currently supports 1 day, 3 days, 7 days, 30 days, 90 days, which is based on the actual page displayed.
- Is the loan or investment amount limited?
Renminbi: Minimum 500USDT, the highest is not capped.
- How to set the loan interest rate
The platform supports users to customize when publishing loan advertisements, that is, adopting a market-based mechanism to give interest rate set to users.
- how to set the pledge rate
According to different trading varieties, the platform sets the minimum pledge rate requirement, and the actual pledge rate is subject to the displayed page.
- How is the interest on borrowing or investment collected?
The interest on borrowing is set by the borrower or the investment user. The platform does not interfere with the interest rate, and the interest is transferred to the market. After the loan is settled, the investor will receive the interest paid by the borrower.
- What happens if the pledge falls?
In order to protect the property safely for both borrowers and lenders, the platform sets different pledge rates and warning lines for different currencies. When the pledge falls below the warning line platform, the borrower will be reminded to increase the bond. If the bond is not increased after the break of the liquidation line, the platform will be forced to close the position. After the liquidation, the pledge will be taken over by the platform, the order will be completed, the borrower will not need to return the loan, and the investor will return the principal and interest and interest.
- Does it support the replacement of positions?
The borrower is allowed to make up the position during the borrowing period, and the early replenishment will effectively guarantee the safety of the borrower's pledged assets.
- What if the loan is overdue?
The platform allows a maximum of three days to overdue. During the overdue period, the borrower is required to pay the overdue interest（Daily penalty 0.01%） to the investor and pay the overdue service fee （Daily penalty0.005%）to the platform. If it is not repaid for more than 3 days, the platform will be forced to close the position to ensure the safety of funds. After the liquidation, the pledge will be taken over by the platform, the order will be completed, the borrower will not need to return the loan, and the investor will return the principal and interest.
- Repayment Method
Repayment of principal and interest.
- Interest Start Date
After the loan is successfully released, interest rate starts at 0:00 the next day, that is, the start date.
- Repayment date
Repayment date = T (borrowing period) +1 day, the borrower needs to complete the repayment before 23:59 on the repayment date, otherwise it will generate overdue interest and overdue handling fee.
- Early Repayment
The borrower is obliged to pay the principal and interest to the lender on time and in full. At the time of repayment, the borrower transfers the agreed principal and interest to the lender's account through bank transfer. If the loan is repaid in advance, the borrower still needs to pay the lender all the loan and interest amount in accordance with this agreement.
Note: The early repayment pledge will not be returned in advance.
- Certification Requirements
Both the borrower and the investor need to pass LV2 authentication (kyc2)
- What is the Service Fee?
The platform will charge the borrower a small amount of service fees as a platform operation and maintenance fee. The specific service fee collection rules are subject to the actual page displayed.