Lending Policy

Eligibility

Users must meet the following criteria to be eligible for borrowing token SAI by collateralizing token ETH:

a. Possession of a verified account on our platform.

b. Ownership of a sufficient amount of token ETH to serve as collateral.

c. Adherence to all relevant regulatory requirements and platform-specific terms of use.

Collateral Requirements

a. Token ETH is the only accepted collateral for borrowing token SAI.

b. The collateral ratio is 85%, meaning that users can only borrow SAI equivalent to 85% of the value of the pledged token ETH. The price of SAI is determined by the platform's rules and market conditions.

c. The platform reserves the right to adjust the collateralization ratio based on market conditions.

Borrowing Limits

a. The maximum borrowing limit is determined based on the value of the provided token ETH collateral and the current collateralization ratio.

b. Users may not borrow an amount exceeding the established limit.

Interest Rate

a. The interest rate for borrowing token SAI against token ETH is 0%.

b. This rate is subject to change at the discretion of the platform.

Repayment

a. Borrowed amounts must be repaid in token SAI.

b. Users have the flexibility to repay the borrowed amount at any time.

Liquidation

a.The ratio of the value of the pledged assets to the value of the borrowed assets is referred to as the health factor.

b.Market fluctuations can cause changes in the health factor, which may lead to the value of the pledged assets being equal to or less than the value of the borrowed assets. The platform reserves the right to liquidate the collateral to cover the outstanding loans.

Risk Disclosure

a. Borrowers are advised to carefully consider the risks associated with borrowing against their token ETH collateral, as market volatility can affect the value of both the borrowed token SAI and the collateral.

Regulatory Compliance

a. Users are responsible for ensuring compliance with all applicable laws and regulations governing borrowing activities on the platform.

Platform Discretion

a. The platform retains the right to modify, update, or terminate the lending policy at any time, with or without prior notice.

By participating in the borrowing process, users acknowledge that they have read, understood, and agreed to adhere to this Lending Policy. Failure to comply with the policy may result in the suspension or termination of borrowing privileges on the platform.