How do I get started with Defactor Pools?
How do I get started with Defactor Pools?
Pools is available as a white label solution. To get started, reach out to us via our contact form here.
What tokens can be used in Defactor Pools?
What tokens can be used in Defactor Pools?
The specific ERC20 token pairs accepted as deposits must be specified during setup. For example, USDC from lenders and FACTR as collateral from borrowers. In order for a token to be used, it must have a liquid secondary market to facilitate liquidations in case of a default.
How do I supply liquidity to a pool?
How do I supply liquidity to a pool?
Connect your wallet to the platform, navigate to the desired pool, select the supply option, choose the amount to supply, and sign the transaction from your wallet.
When can I collect my rewards and capital?
When can I collect my rewards and capital?
Once a pool matures and all loans are repaid, your supplied funds and rewards are available for collection. If liquidation is required, you must wait until the process is completed.
How are my rewards calculated?
How are my rewards calculated?
Rewards are calculated based on the duration of your deposit, the interest rate of the pool, and the utilisation ratio.
The formula is = Capital deposited * Duration * Interest rate * Utilisation ratio.
How do I borrow crypto assets from a pool?
How do I borrow crypto assets from a pool?
Connect your wallet to the platform, navigate to the desired pool, select the Borrow option, input the amount to borrow, and provide the required collateral. Sign the transaction in your wallet to complete the process.
How is interest calculated on my borrow position?
How is interest calculated on my borrow position?
Interest accrues every minute the Borrow position is open until the pool’s maturity date. It is calculated using the formula = Amount Borrowed * Duration * Interest rate
What is the loan repayment process?
What is the loan repayment process?
To repay a loan, go to the Borrow page (where you can see all your borrowed positions across different pools) or Pool page. select the Borrow position, review the details, pay the required amount, and sign the transaction from your wallet to reclaim your collateral.
What happens if I don’t repay my loan by the maturity date?
What happens if I don’t repay my loan by the maturity date?
If the pool matures and you haven't repaid your loan, liquidation will occur. A part of your collateral will be sold to cover the borrowed amount, interest, and additional fees. The remaining collateral will be available for reclaiming after liquidation.
How does liquidation work for suppliers?
How does liquidation work for suppliers?
If loans are unpaid by the maturity date, liquidators will cover the outstanding balances, ensuring your supplied liquidity is secured. Once liquidation is completed, your liquidity and rewards will be available for withdrawal.