FAQ
Last updated
Last updated
Which Blockchain Network do I use?
Ethereum Network
How fast is the process?
Instant
What do you need in order to interact with the app?
Metamask or other Web3 Wallets
Which collaterals are acceptable?
wBTC, wETH, BNB
What can I borrow?
DAI, USDC, USDT
What are the base interest rates?
Slope interest rate with a 10% base APR on loans and a 4% base lending APY
What are the fees and charges involved?
1.25% transaction fee on stablecoin withdrawals, loan initiations, and collateral withdrawals
Will I get rebates if I repay early?
15% Cashback on accrued interest regardless if you pay early
How much of the protocol's revenue is allocated for dividends?
20% and is split 50/50 for users with active loans and lenders