💸Lend
Last updated
Last updated
Lending on DecentraCredit is as easy as the following and the easiest way to earn dividends on idle assets.
Go to <URL>.
You will be presented with this screen.
Asset: Define the asset you want to lend.
Collateral: Define the collateral you want to accept against the loan.
Interest Rate: Manually input the Rate of Interest (simple, annually).
Lowest Available Interest: Just a reference to the presently available lowest Rate of Interest for borrowing BTC against ETH collateral.
Total Amount: The total amount the lender is willing to make available for the borrowers.
Order Limit: Defines the lowest possible loan amount and the highest allowed loan amount.
Expiration Date: Defines the maximum duration for the loan, after which it will be forcefully foreclosed.
Once you have set all these values, Click on Publish and confirm the transaction(s) in your wallet.
You are DONE!
