Paddle Finance
  • Introduction
  • V1 Liquidity Solution
    • Basket Collateral
    • Collateral Loan
      • Peer-To-Peer Lending
      • Peer-To-Crowd Lending
    • OTC Exchange
    • Parameters
  • V2 Liquidity Solution
  • Peer-To-Pool Lending
    • Market List
    • Interest Bearing Token (iToken)
  • Risk Framework
    • Asset Risk
      • From Risks to Risk Parameters
      • Risk Parameters
    • Liquidity Risk
      • Utilization
      • Interest Rate Model
  • Liquidation
  • Price Oracle
  • PADD Liquidity Incentives
  • BGT Emission + Beratrax Integration (Thoon)
  • User Guide
    • Borrower
    • Lender
  • Paddle Battle
    • Mechanics
    • Revenue
    • Referral System
  • Governance
    • PADDenomics
    • About PADD
    • PADD Reward
    • Fee Collection & Distribution
  • User Guide
    • Borrower
    • Lender
  • OTC Trade
  • API Documentation
    • API Guide
    • Loan Endpoints
    • OTC Endpoints
    • REST Endpoints
    • Tutorials
      • Source
      • Parameter Explanation
      • Loan - Create order
      • Loan - Cancel Order
      • Loan - Lend
      • Loan - Repayment
      • Loan - Liquidate
      • OTC - Create OTC Order
      • OTC - Cancel Order
      • OTC - Take Order
  • Links
    • Website
    • Twitter
    • dApp (Mainnet)
    • Audit Report_V1
    • Brand Kit
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On this page
  • Step 1: Deposit Your Steady Teddys
  • Step 2: Check Your Borrow Limit
  • Step 3: Borrow from the Pool
  • Step 4: Interest Accrual
  • Step 5: Flexible Repayments & Top-Ups
  • Step 6: Withdraw Collateral
  • Step 7: Claim $PADD Rewards
  1. User Guide

Borrower

Step 1: Deposit Your Steady Teddys

Start by depositing your Steady Teddys NFTs into the Steady Teddys / WBERA pool.

Step 2: Check Your Borrow Limit

Your borrow limit is determined by:

  • Collateral Factor of Steady Teddys

  • Current Price Index (real-time floor price)

This sets the maximum amount of WBERA you can borrow from the pool.

Step 3: Borrow from the Pool

You can borrow any amount up to your borrow limit.

Step 4: Interest Accrual

Interest on your loan is automatically added to your total debt. The interest rate is dynamic, based on the utilization rate of the pool (higher usage = higher rate).

Step 5: Flexible Repayments & Top-Ups

You can repay your debt or borrow more at any time, as long as your total debt stays within your borrow limit.

Step 6: Withdraw Collateral

You may withdraw your Teddy NFTs at any time, provided your remaining debt is still below your borrow limit.

Step 7: Claim $PADD Rewards

Once the claim function is live post-TGE, you can claim the $PADD rewards you've earned for borrowing.

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Last updated 8 days ago