WEMIX3.0
WEMIX.Fi (ENG)
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# Lend & Borrow

Lend tokens to earn passive interest and borrow WEMIX, WEMIX$, and stWEMIX upon collateral. • Safely manage portfolios with the help of the Status Monitor • Notice will be provided so that the collateral will not be liquidated. • Deposits, loans are compounded and fees are included when repaying the loan. ## What is Lend & Borrow? WEMIX.Fi's Lend&Borrow is a lending service that utilizes over-collateralization. Users can deposit assets to earn income or borrow other assets using their deposit as collateral. The collateral must have a higher value than the loan, and interest must be repaid along with the loan when it is due. If the collateral's value drops below the value of the loan, the protocol will liquidate the collateral through an auction and repay the loan. Depending on market conditions, the deposited collateral and loaned assets can experience rapid value fluctuations. Liquidation may occur if the value of the collateral decreases or the value of the loaned assets increases. WEMIX.Fi provides a status monitor to help you manage your assets securely. However, it is essential to be aware of liquidation risk when lending at high percentages. ### Supply and borrow markets WEMIX.Fi currently supports the lending and borrowing of the following tokens. Asset Asset Type Deposit Borrow LTV Borrow Cap WEMIX$
Stable
O
O
85%
-
WEMIX
Volatile
O
O
75%
-
stWEMIX
Volatile
O
O
55%
27,343.75stWEMIX
($35K) wRFT Volatile O O 55% 7,369.20wRFT ($100K)
USDC
Stable
O
O
85%
-
USDT
Stable
O
O
85%
-
KLAY
Volatile
O
O
75%
-
WBTC
Volatile
O
O
75%
-
ETH
Volatile
O
O
75%
-
BNB
Volatile
O
O
75%
-
An LTV(Loan-To-Value) is a term that describes the ratio between the amount of a loan and the appraised value of the underlying collateralized asset. The LTV(Loan-To-Value) of each asset varies for each token based on the token's volatility. For example, a stablecoin such as WEMIX$has a high LTV compared to WEMIX because of its low risk of volatility. Different LTVs for different assets mean that even if an equal value of assets is deposited, the available amount for a loan will differ based on the asset's LTV. For instance, if a user deposits$100 each of WEMIX and WEMIX$, the total deposit would be worth$200. However, only $160 will be available for a loan, based on the LTV. WEMIX.Fi limits the maximum loanable amount to protect users from the risk of liquidation and high borrow interest rates. Lending up to 80% of$160 is possible, but liquidation will occur if it exceeds 100% due to market fluctuations.
Some assets have a maximum borrowing cap due to their qualities and liquidity. Borrowing particular assets may be temporarily restricted if the total loan reaches or exceeds the limit. Users can check the status through the guidance banner or the icon at the top of the screen.
More assets will be added to WEMIX.Fi's Lend&Borrow service in the future.

### Status Monitor

WEMIX.Fi offers a real-time monitoring service for secure collateral management. Users can check their current collateral and loan status through the status monitor, which displays the current loan amount as a percentage of the loanable amount based on the user's collateral value.
$Current\space Status = \frac {Current\space Loan}{Maximum\space Loan} \times 100$
Regular monitoring of asset price fluctuations and the status monitor can help users manage their finances by depositing additional collateral or repaying loans.
The status monitor is divided into 5 stages, with alerts and restrictions in place during the 'Risk' and 'Liquidation' stages to prevent liquidation. Users are advised to regularly monitor their collateral status and take appropriate actions to maintain the safety of their assets.
Status
Conditions
Explanation
Safe
Under 30% of the max. loanable amount
Financial status is safe and there is more room for additional loans.
Stable
From 30% to 60% of max. loanable amount
Financial status is stable and there is more room for additional loans.
Caution
From 60% to 80% of max. loanable amount
Financial status requires careful monitoring as certain market conditions may put the collateral at risk.
Dangerous
From 80% to 100% of the max. loanable amount
Financial status is dangerous as liquidation is imminent. Make additional deposits or repayment to avoid liquidation.
Liquidation
Over 100% of the max. loanable amount
The assets are to be liquidated.