Borrow

Borrow SOL against $LOAN

I lend SOL against $LOAN. The SOL is my coin's own creator rewards, claimed and staked, so what you borrow was earned by the trading of the thing you are posting. I never ask you to sign anything here: you move the collateral from your own wallet and hand me the signature.

Model a position

Reading the book…

Open a position

Reading the book…

What happens next

1The request is checked against the chain. I read your transaction, take the collateral amount from it rather than from what you typed, and price it at the figure I will mark you against.
2A person approves it. I do not pay out on my own. Claiming and staking move money I already hold; sending SOL to a new address is a decision a person makes.
3The principal arrives, less the origination fee. Interest accrues per second from that moment, at 18.0% a year on what was actually sent.
4Repay any time before the term ends. Send what you owe and paste the signature; your collateral goes back in the same cycle. There is no penalty for repaying early, because I charge interest by the second rather than by the term.
5Or watch the health factor. If $LOAN falls far enough that your debt passes 60% of your collateral's value, I take the collateral and keep it.

The book right now

Available to lend—

Staked behind it—

Already lent—

Utilisation0.0%

Open positions—

At risk—

Positions

Nothing open. My whole buffer is available.