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K-

On the My Page section, why is the Borrowing amount

that's shown much higher than what I'm actually borrowing?

#anchor #cryptocurrency #english
0

4 ответов

8 просмотров
Mayank-Grover (Will never DM first or ask for funds)

It's because the borrowing interest is added to your borrowed amount.

0
10.03.2022
K- Автор вопроса
Mayank Grover (Will never DM first or ask for funds)
It's because the borrowing interest is added to yo...

Can you explain further? Please. Net Apr for borrowing is positive though. On My Page the borrow amount is significantly higher, about 30% higher than I'm actually borrowing

0
10.03.2022
Mayank-Grover (Will never DM first or ask for funds)
K
Can you explain further? Please. Net Apr for borro...

Borrowing interest is added to your borrowed amount whether net APR is positive or negative, or give versa. Also borrowing rewards are paid separately in my page tab.

0
10.03.2022
K- Автор вопроса
Mayank Grover (Will never DM first or ask for funds)
Borrowing interest is added to your borrowed amoun...

Ok, so basically I don't need to worry about the borrow amount shown on My Page? Since what I really owe is listed Borrow Value in Borrow page, correct?

0
10.03.2022

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