Lending

The lending feature offers a unique opportunity for users to leverage their Ethereum (ETH) holdings as collateral to acquire SAI tokens.

Using ETH as Collateral:

The lending system allows users to use their Ethereum (ETH) holdings as collateral. This means that users can temporarily lock in a portion of their ETH assets to access SAI tokens.

Collateral Value Limit:

Users can borrow up to a maximum of 85% of the value of the ETH they provide as collateral. This ensures a responsible borrowing limit while allowing users to make the most of their existing assets.

Receiving SAI Tokens:

Once the ETH collateral is successfully deposited, users receive a corresponding amount of SAI tokens in return. These tokens can be used within the SpellGuru.ai ecosystem for various purposes.

Repayment with SAI Tokens:

To retrieve the collateralized ETH, users are required to repay the borrowed SAI tokens. This process essentially functions as a means of repayment. By using SAI tokens, users can reclaim their original collateral.

The lending feature in SpellGuru.ai opens up exciting opportunities for users to leverage their existing ETH holdings to access SAI tokens. It's a way to make the most of your assets and actively participate in the SpellGuru.ai ecosystem. By utilizing this feature responsibly, users can unlock additional value and enhance their overall experience within the platform.