BitLoan Lending Guide

1. An introduction to BitLoan Lending

HyperPay BitLoan Lending is a matching service that will find qualified borrowers for your intended lending. The borrowers shall pledge their crypto assets to you as collateral, hence nearly eliminating the counterpart risk in traditional BitLoan lending.

After you deposit USDT to HyperPay Lending pool, our matching engine would match you with proper borrowers. Fund in the lending pool will used exclusively for BitLoan Lending. Lenders can check all transaction history, including amount, borrower, interest rate, etc. The fund that is not yet matched with borrowers can be transferred out, matched fund can be used after the borrows repay.

 

2. BitLoan Lending process

• You deposit USDT in your HyperPay off-chain wallet.
• Click "Lend Now", set your criteria for the borrowers, including rate and term. Then confirm the amount you want to lend. Your fund is now in the lending pool waiting for the engine to match with borrowers.
• You can opt to turn on Auto Lending. Auto Lending function will enable you to re-lend the fund repaid by the borrower to other borrowers. In this way, you can maximise your returns. You can turn off this function at any time. When turned off, repaid fund will not be lent again, so you can withdraw.

3. Is it safe to lend?

Absolutely. We have multiple measures to safeguard your assets and we closely monitor the collateral's market value. When the risk ratio is high, we will forcibly liquidate the collateral to safeguard your principle and accrued interest.

 

4. Frequent Q&A

How to calculate interest and service charge?

Your investment will be lent to multiple borrowers to lower the risk. You can view how much is being lent at any time. Your final investment return is subject to the loan criteria (rate and term) you choose and borrowers' repayment.

Repayment amount and repayment time？

You can view how much is being lent at any time. Your final investment return time is subject to when your borrower repays. If the collateral coin price drops too fast, forced liquidation will happen. Your final return amount will be subject to the return amount of forced liquidation. It is possible that this amount is less than your investment amount. Please consider the risk carefully.

What is the Agreed Loan Term?

The system will only match you with borrowers that fit your selected term setting. A shorter loan term means getting your repayment sooner but the total return you earn may be lower.

What is the Agreed Interest Rate?

The system will only match you with borrowers that fit your selected interest rate setting. Please choose with caution. Your investment return starts accumulating once the funds are successfully matched with borrowers. HyperPay will charge a 20% fee from your accrued interest.