Lends
  • 📚User Documentation
  • 🚨Read Me First
  • Products
    • ⏳L-1 Streaming Swaps
      • ⏩Can I speed up my swap execution?
      • 🌟Why are Streaming Swaps better than regular swaps?
    • ♻️THORFi Lending
      • 🔄What collateral can I use to take out a loan?
      • 🚦Is there unlimited lending capacity?
      • 📑How are stablecoin loans accounted?
    • 🤑THORFi Savers
      • 🔰Where does the yield come from?
      • 🔴Is there any risk of losing my coins?
    • 💧Liquidity
      • 👨‍🏫How are fees calculated for liquidity transactions?
      • ➡️Impermanent Loss Protection (ILP)?
      • 🤷‍♂️Difference between symmetric and asymmetric deposits?
    • 🤝P2P Lending
      • 💧Liquidity Provider
      • ⚖️Leverage Taker
      • 💹Key Features
      • 🔮Oracle
      • 🛡️Managing Liquidations
      • ❓FAQs
  • tokenomics
    • 🪙Token Distribution
    • 💸Revenue Model
    • 🚀Value Accrual
    • 🗺️Product Roadmap
  • EXTRAS
    • 🎉Ambassador Program
    • 🔥Community
    • 🎨Brand Assets
    • 🖐️Terms of Service
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FAQs

Frequently Asked Questions

Q: Can I extend my loan? A: No, once the loan term has expired, the lender will have to initialise another pool. Q: As a lender, can I adjust my rates? A: You can adjust rates for new loans, but existing loans maintain their original terms. Q: How does Lends ensure fair pricing? A: Our platform allows market-driven pricing, with lenders setting their own competitive terms.

Q: What happens if I default on my loan? A: Defaulting is treated as a strategic option. You forfeit your collateral but keep the borrowed funds. Q: How do I create a lending pool? A: Deposit tokens into your account, set your parameters like APR and LTV ratio, and then launch your pool. Q: Can I have multiple lending pools with different terms? A: Yes, you can create multiple pools with varying terms to attract a wider range of borrowers. Q: What types of collateral can be used? A: The platform supports various collateral tokens, which you can specify when setting up your lending pool. Q: How do I monitor my account and loans? A: You can view your lent assets, open orders, and counterparties on your account page, and manage your loans and adjust parameters as needed. Q: Is there a risk of forced liquidation? A: No, Lends does not enforce forced liquidations. Borrowers have the flexibility to choose their repayment strategy. Q: How are repayment deadlines handled? A: Both parties know exactly when repayment is due, eliminating guesswork and ensuring clarity. Q: What if the market value of the collateral drops? A: Our approach helps stabilize token value during market downturns, benefiting the entire ecosystem. Q: Can lenders use defaults strategically? A: Yes, lenders can use defaults to acquire desired assets at predetermined rates, effectively using Lends as a limit order system.

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Last updated 10 months ago

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