Which cryptocurrencies can I borrow on Metal X Lending?
You can borrow:
- XBTC
- XETH
- XPR
- XMT
- XUSDC
Which cryptocurrencies can I use as collateral?
You can use these as collateral:
- XBTC
- XETH
- XPR
- XMT
- XUSDC
How to start using Metal X Lending?
First, create a free XPR Network account on the WebAuth Wallet. Download it here , then deposit supported cryptocurrencies and connect your wallet to Metal X Lending.
Which XPR Network wallet to use?
While any XPR Network wallet works, we recommend the WebAuth.com wallet for security. Download it here.
Are there no gas or transaction fees?
Yes! The XPR Network charges no gas, network, or mining fees for transactions.
Why take a cryptocurrency loan?
Loans allow access to cryptocurrencies without selling your existing holdings.
How to earn with Metal X Lending?
XPR Network account holders can earn interest by adding tokens to a lending pool.
Why are rates variable?
Rates update every 0.5 seconds based on the borrow-to-deposit ratio. Higher utilization increases rates for both borrowers and depositors.
Where does interest accrue?
Interest accrues in real-time to your deposit balances.
For example, a lender earns 1.69% on $125, resulting in $2.11 earned.
Do I need to verify my identity?
Yes, identity verification is required to prevent fraud and ensure platform integrity.
What are the loan terms?
Loans are perpetual; as long as your loan health is above 0%, you won't be liquidated.
What if my loan health reaches 0%?
If your loan health hits 0%, it becomes insolvent and may be liquidated. Learn more about liquidations here.
What does Total Borrows mean?
Total Borrows tracks the amount of loans you've taken out.
What features are coming next?
We are continually enhancing the LOAN protocol and welcome your suggestions via our contact form.
Where can I trade LOAN?
Find available exchanges that trade LOAN here.
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