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Zero ASUU strike, Upkeep fee, and student loan.

15,213 просмотров • 11 дней назад •via X (Twitter)

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📢 ITL VAULT LOAN PLANS AND ALL ASSOCIATED COSTS When using ITL as collateral to borrow USDT, users should clearly understand the loan term, applicable fees, and total repayment amount before confirming a loan. During the initial stage, ITL Vault is expected to offer three loan plans: 🔹 30-day plan: 1.5% fixed fee 🔹 60-day plan: 3% fixed fee 🔹 90-day plan: 4.5% fixed fee In addition to the fee for the selected loan term, users will also pay a 1% loan origination fee based on the amount of USDT borrowed. All other applicable fees will remain the same across the three plans. For example, if a user borrows 100 USDT with the 30-day plan: • Loan origination fee: 1 USDT • 30-day fixed fee: 1.5 USDT • Total loan cost: 2.5 USDT • Total repayment amount: 102.5 USDT If a user borrows 100 USDT with the 60-day plan: • Loan origination fee: 1 USDT • 60-day fixed fee: 3 USDT • Total loan cost: 4 USDT • Total repayment amount: 104 USDT If a user borrows 100 USDT with the 90-day plan: • Loan origination fee: 1 USDT • 90-day fixed fee: 4.5 USDT • Total loan cost: 5.5 USDT • Total repayment amount: 105.5 USDT All applicable fees will be clearly displayed before the user confirms the loan, allowing borrowers to understand the total cost and repayment obligation from the beginning. 🔹 CAN A LOAN BE REPAID EARLY? Users may repay their loans before the maturity date and receive their collateral back sooner. However, ITL Vault uses a fixed-fee structure for each loan plan. Therefore, the fee determined when the loan is approved will remain unchanged, even when the user repays early. For example, if a user selects the 30-day plan but repays the loan after 15 days, the fixed fee will still be 1.5%. 🔹 GRACE PERIOD After the maturity date, borrowers will have an additional 10-day grace period to complete repayment. The grace period is not a new loan term and does not mean that the loan is automatically extended. It is an additional period that allows users to settle their repayment obligations before the loan becomes eligible for liquidation. 🔹 LIQUIDATION FEE If a loan remains unpaid after the grace period and becomes eligible for liquidation, a 5% liquidation fee may be applied. This fee only applies when the collateral is actually liquidated. Users who repay their loans on time will not be charged this fee. Borrowers should therefore regularly monitor the maturity date, LTV ratio, and loan status so they can repay the loan or add more collateral when necessary. 🔹 TRANSPARENCY REGARDING FEES We will continue reviewing the full cost structure of all loan plans to ensure that the protocol can operate safely, efficiently, and sustainably. Should any additional type of fee become necessary in the future, we will provide a clear written announcement and display the fee transparently within the DApp so the community can review it before creating a loan. Of course, any future fee changes will not affect loans that have already been created. The terms and costs confirmed when a loan is approved will remain unchanged until that loan is fully completed. 💬 Which plan would best suit your needs: 30, 60, or 90 days? #ITLVault #InterLink #ITL #ITLG #DeFi #Web3

ITL Collateral Vault

13,206 просмотров • 13 дней назад