xLend
Fees and contract
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Service fee
- Each term has its own fee, a share of the loan. xLend shows it as Service fee before you post or accept.
- The fee in force when an offer is posted is fixed in that offer. A later change applies only to new offers.
- The borrower pays it with the repayment. The lender receives the loan and interest in full.
- No fee is charged when the lender claims the collateral.
- The contract caps every fee at 5% of the loan.
- Fees go only to the OrbitWan treasury, a fixed address in the contract.
What the admin can do
| The admin can | The admin cannot |
|---|---|
| Set the fee of each term, for new offers only, up to 5% | Move any funds |
| Pause new offers and new loans, and resume them | Change an offer or a loan |
| Pause repaying, claiming, cancelling or withdrawing | |
| Upgrade the contract. It has no upgrade path |
Where payments go
Every payment goes to the lender of that loan, its borrower or the treasury. No one can choose another address to pay. If a payment to a wallet fails, the amount waits in the contract for that wallet alone, and xLend shows Withdraw to collect it.
Verify it
| Contract | 0x6dfa0b14be511cb0ff735c147f650b5791b84848 |
| Source | Verified exact on orbitwan.io and Sourcify |
| Code | github.com/OrbitWan/xlend |
| Every loan | The Loans tab of the contract on orbitwan.io |
In xLend, each loan number links to its transaction on orbitwan.io.