Here are some tips for borrowing crypto assets or stablecoins on Metal X Lending.
Tips and Suggestions
- Loans must be repaid in the same asset borrowed. For instance, repay XUSDC with XUSDC and XBTC with XBTC. Be mindful of market value changes when repaying.
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Monitor Your Loan Health. This is the ratio of your collateral value to outstanding loans. If it declines, consider adding collateral or repaying some of your loan. Over-collateralizing can help maintain a Loan Health above 100% to lower liquidation risk.
- Have a repayment plan! Whether through regular payments or waiting for better market conditions, it’s crucial to avoid surprises, especially if you want to avoid liquidation.
If you have any questions about this guide or just want to say “Hi”, follow our Metal Client Services Help Center on X (@MetalHelpsMe) to stay up to date and learn how to get the most out of your XPR Network experience!
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