Borrow / Repay

How to Borrow against infrastructure assets and manage loan repayments

Borrowing

1. Select BORROW page in the Navigation Bar

2. View all available assets to borrow

3. Click Borrow to open the Borrow interface

1. Review the Borrow Terms

Borrow Terms

• Asset Details = List of NFTs availlable to borrow

• Collateral Value = Total value of collateral

• # of Assets = # of assets used as collateral for loan

• Currency = Borrow currency for loan

• Principal = Amount being borrowed for loan

• Term = Length of loan

• APR = Interest rate paid by borrower for loan

1. Review the Repayment Terms

Repayment Terms

• Maturity Date = Date the final loan payment is due

• Repayment Frequency = How often principal and interest payments must be made

• Repayment Amount = The amount of principal and interest to be paid each period

• Default Grace Period = Amount of time after each repayment period the borrower has to prevent a default on a loan (once the grace period ends, the borrower will default)

• Grace Period APR = Interest rate the borrower must pay during the Default Grace Period

1. Click Borrow and approve the 4 transactions

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Making Repayments

1. On the BORROW page, MY BORROWS (top section) will show all current loans

2. Click View/Repay to view the current loan details

Loan Status

• Current = Loan is current as all repayments have been made on time

• Default Grace Period = The current repayment is late and the user must make repayment to avoid default (days remaining shown next to Default Grace Period)

• Default = Repayment was not completed in time and the borrower has defaulted

1. Review the repayment details and click Repay