How to borrow?

Platform lending tokens are constant at USDT. Enter the amount you need to borrow on the borrowing page, select the type of token you need to pledge (TRX or ETH) .

After you select the borrowing period, the system will automatically calculate the number of tokens you need to pledge.

After you make sure the amount of tokens in your wallet is sufficient, and click submit the loan application order, the smart contract will automatically deduct the corresponding pledged tokens from the user's wallet address and send the USDT that matches the borrowed amount to the user's wallet address.

The borrowing period is the same as the platform circulation period rules, which are 1 day, 7 days and 17 days respectively.

• If the user chooses to borrow money for 1 day, the specified token (TRX or ETH) of the corresponding value USDT1.1 times shall be mortgage, and the percentage of the daily fund supply dividend payable shall be 1%

• If the user chooses to borrow for 7 days, the specified token (TRX or ETH) of the corresponding value of USDT1.3 times shall be pledged as a daily supply dividend of 1.5%

• If the user chooses to borrow for 17 days, he/she is required to pledge the designated token (TRX or ETH) of the corresponding value of USDT1.5 times and the percentage of the daily fund supply dividend payable is 2.0%

Example

User A needs to borrow 1000 USDT, current TRX price is 0.052.

• User A enters 1000 USDT in the borrowing quantity field, selects the pledge token as TRX, and selects a borrowing period of 1 day. Then user A needs to pledge TRX worth 1100 USDT = 21108.62 TRX and repay 1000 USDT * 101% = 1010 USDT after 1 day to redeem the pledged token.

• User A enters 1000 USDT in the borrowing quantity field, selects the pledged token as TRX, and selects a borrowing period of 7 days. The user needs to pledge TRX worth 1300 USDT = 24946.55 TRX and repay 1000 USDT * 110.5% = 1105 USDT after 7 days to redeem the pledged token.

• User A enters 1000 USDT in the borrowing quantity field, selects the pledged token as TRX, and selects a borrowing period of 17 days. Then user A needs to pledge TRX worth 1500 USDT = 28784.48 TRX and repay 1000 USDT * 134% = 1340 USDT after 17 days to redeem the pledged token.