How to create a Lend offer?

• Go to the offer creation page and select the “To Lend” side.
• Decide what amount, what currency (and if required, the relevant blockchain), what period, and for what interest rate you are ready to lend at. Please note that the interest rate you choose will be applied for the whole period of the Contract (not APR)..
• Next you choose the LTV ratio, which determines the relative amount of the collateral the Borrower will need to lock in escrow in order to proceed. Higher LTV ratio entails a higher risk of contract liquidation. LTV is calculated by dividing the debt amount (including interest) by the LTV % chosen.
  • Example 1. Input - 30% LTV, 100 USDC, 3% Interest rate. Collateral amount - (100 x 1.03%) / 30% = 343 USDC (to be converted into BTC at the current exchange rate)
  • Example 2. Input - 70% LTV, 100 USDC, 3% Interest rate. Collateral amount - (100 x 1.03%) / 70% = 147 USDC (to be converted into BTC at the current exchange rate)
  • Conclusion: Higher LTV ratio = less collateral.
• In order to increase efficiency, you can set specific working hours for your offer, during which your offer will be listed and available to Borrowers.
• After all of the required fields have been completed, you can tick the box “Enable” and press “Create” in order to publish your offer and make it visible in the offer list.

After you have published your offer, you will be forwarded to the summary of your offer, where you will be able to edit, disable or delete your offer if needed. At this stage, your offer is already being displayed to potential Borrowers and you can find it in the list of Borrow offers.