Borrow

On this page we will guide you trough the process of borrowing on our Open Market Lending.

Overview

In our Open Market Lending system, borrowing has been streamlined to offer you greater flexibility and choice. Unlike traditional lending platforms, where interest rates are fixed, our system allows you to select from multiple loan options, each with different interest rates and interest models. This enables you to find a loan that best fits your financial needs and preferences.

How It Works

Browse Loan Options

• Loan Marketplace: Access the loan marketplace where various lending opportunities are listed. Each loan option is presented with detailed information, including the interest rate, interest model, loan term, and any specific conditions.

• Filters and Sorting: Use filters and sorting options to refine your search based on criteria such as interest rate, loan amount, or loan term.

Select a Loan

• Interest Rates: Choose a loan based on the interest rate that suits your budget. Our platform displays a range of interest rates offered by different lenders, allowing you to compare and select the most favorable rate.

• Interest Models: Select from different interest models, such as simple, compound, flashloan, to match your preferences.

Review Loan Terms

• Loan Amount: Ensure the loan amount meets your needs. Each loan listing will show the available amounts that you can borrow.

İnterest Discount:

• Liquidity Provision and Earnings: When a loan is successfully funded or borrower is matched, the collateral provided is immediately put to work, offering liquidity on leading platforms. This active involvement allows the collateral to generate earnings continuously.

• Shared Rewards: These earnings from liquidity provisions are shared between the lender and borrower, increasing the financial benefits for both parties. This collaborative reward system ensures that everyone involved gains from the process.

• Interest Discounts: Borrowers benefit from interest discounts because their collateral actively contributes to liquidity pools. These discounts are applied directly to the loan interest, effectively lowering the cost of borrowing.

• Full Earnings Potential: The system is designed to maximize the utility of collateral. Not only does it secure the loan, but it also ensures that both parties can fully benefit from the market’s earnings potential throughout the loan period.

Repayment

• Customizable Repayment Periods: Borrowers have the freedom to choose from a range of repayment periods that best suit their financial situations. This flexibility allows borrowers to align their loan obligations with their cash flow, ensuring they can manage repayments without undue stress.

• Flash Pool Utilization: For those looking for ultra-short-term financing, our platform offers the innovative option of flash pools. Flash pools are designed for borrowers who need quick access to funds but can repay swiftly within the same transaction block. This feature is ideal for sophisticated users who can capitalize on brief market opportunities.

• Diverse Repayment Solutions: Whether opting for traditional loan terms or leveraging flash pool dynamics for immediate needs, our platform accommodates a variety of financial strategies. This adaptability ensures that all users can find a repayment solution that perfectly matches their needs.

Manage Your Loan

• Monitoring: Track your loan status and repayment progress through My Pools. Stay informed about upcoming payments and any changes to your loan terms.

Repayment:

• Early Repayment Advantages: Borrowers who choose to repay their loans early can benefit significantly. Not only do they reclaim their collateral, but they are also entitled to the most recent interest and reward earnings accrued from their collateral's involvement in liquidity provision. This incentivizes borrowers to settle their debts promptly and can reduce the overall cost of borrowing.

• Early Repayment Rewards: When a loan is repaid ahead of schedule, the borrower receives any accumulated rewards from the collateral’s performance in the market. This makes early repayment a financially attractive option.

• Consequences of Non-Repayment: If a loan is not repaid, the borrower loses the right to reclaim their collateral. Instead, the collateral and any staking rewards it has earned up to that point are transferred to the lender. This serves as compensation for the lender’s risk and ensures they are not left at a disadvantage.

• Collateral Reallocation: In cases of default, the platform facilitates the automatic transfer of collateral and its associated rewards from the borrower to the lender. This process is straightforward and ensures that lenders are fairly compensated for the financial risks they have taken.