xLend
Borrow
Open in
To borrow, you accept an open offer. You deposit the collateral and receive the whole loan in the same transaction.
Accept an offer
- Open xLend and connect your wallet on Wanchain.
- The Borrow card lists the open offers, lowest APR first. Use the tabs to show one loan token.
- Each offer shows the loan, the Collateral, the APR, the Service fee, what You repay and the Term.
- Press Accept. Unless the collateral is WAN, approve it first: the button reads Approve BTC (1 of 2) for BTC collateral, then Accept (2 of 2).
You cannot accept your own offer.
What you repay
| Part | Amount |
|---|---|
| Loan | The amount you received |
| Interest | Loan × APR × term in days / 365, fixed when you accept |
| Service fee | Set in the offer, shown before you accept |
| Late interest | Only in the grace period: one day of interest (loan × APR / 365) for each day or part of a day late |
Interest is for the whole term and is owed in full, even if you repay early.
For example, 1,000 USDT at 10% APR for 90 days costs about 24.66 USDT in interest. You repay 1,024.66 USDT plus the service fee.
If you do not repay by the end of the grace period, the lender takes all the collateral, even if it is worth more than the loan.
Track your loan
Your loans shows each loan with what You owe and its status, such as Due in with the time left. See Repay, grace period and default.