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TeslaBull-

I wonder how is the interest charged for loan work? How

frequent I need to pay for the loan interest? Only pay when I close out the loan?

I dont need to pay back the interest at anytime until i close the loan?

Who collect the loan interest? The interest paid goes to where?

#blockchain #cryptocurrency #defichain #english
0

3 ответов

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TeslaBull- Автор вопроса

I see. For example if I loan $100 dUSD with 200% collateral, the interest is calculated as below? $100 x 2% = $2 interest a year Total blocks per year = 1,051,200 Interest increase per block = $0.0000019 Am I right?

0
12.05.2022
Karsten-Salomon

Interest reduce collateralizatiin factor forcing you to pay sometime. It adds up to the loan but seperat so it is not compounding. If you Payback loan interest is always payday back first. I think but not sure interest is burned

0
12.05.2022

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