Lending
Over-collateralized loans, lock COGN as collateral and open a loan against it.
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150%
Min Collateral Ratio
Borrow up to 66.6% of what you lock
120%
Liquidation Threshold
Loan liquidated if ratio drops below
8% APR
Interest Rate
Adds up steadily over the year
Warning: if you don't repay and your ratio falls below 120%, your locked COGN is liquidated, the protocol keeps it to cover the loan. Keep an eye on your ratio.
Borrow & Repay
Locking 1,500 COGN lets you borrow up to 1,000 COGN, you must keep at least 150% locked.
How Lending Works
1.
Deposit Collateral
Lock COGN tokens as collateral. You get a Collateral Position ID to use in step 2.
Lock COGN tokens as collateral. You get a Collateral Position ID to use in step 2.
2.
Borrow
Open a loan for up to 66.6% of your collateral value, in COGN. Your collateral must be at least 150% of the loan when you open it.
Open a loan for up to 66.6% of your collateral value, in COGN. Your collateral must be at least 150% of the loan when you open it.
!
Monitor Your Ratio
Interest accrues constantly. If your ratio drops below 120%, your position can be liquidated.
Interest accrues constantly. If your ratio drops below 120%, your position can be liquidated.
3.
Repay
Pay back the principal + all accrued interest to close the loan and free your collateral.
Pay back the principal + all accrued interest to close the loan and free your collateral.
Your Loans
No loans yet.