Can I opt-out my asset from being used as collateral?
Yes. You must set the option 'Use as A Margin' to 'No’ on the Dashboard page, but it will reduce your risk rate and there is a risk of liquidation. You may also select assets that were not part of collateral to increase the risk and avoid being liquidated.
How much interest would I pay?
The interest rate you pay for borrowing assets depends on the borrowing rate which is derived from the supply and demand ratio of the asset. If the utilization rate increases, the interest rate will fluctuate and increase. You can see the interest rate when opening a position.
How much I can borrow?
The maximum amount you can borrow depends on the value you have deposited and the available liquidity. For example, you can’t borrow an asset if there is not enough liquidity or if your risk rate doesn’t allow you to.
What assets do I need to repay?
Lever supports the repayment of other assets which are different from initially borrowed assets. For example, if you borrow USDT, you can choose to repay USDT, DAI, ETH, etc.
What is my repayment time?
When RR is greater than 100%, you can repay the loan at any time, but the loan interest would be linked to the loan time. The longer the loan time, the more the interest. The unpaid interest will be automatically calculated and would offset in the collateral.
Before repaying the loan, you need to select ‘Repay’ in ‘My Portfolio’ on the Dashboard page, and then select the assets and quantity you wish to repay. If the quantity is insufficient, you need to close your position or transfer in more assets from your wallet.
Which collateral will be liquidated when reaching the liquidation price displayed on dashboard?
When total equity value is below the liquidation price all collateral will be liquidated. If you would like to prevent a certain collateral from liquidation, make sure to clear your debt and withdraw the collateral, or keep the RR above 100%.