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FAQs

Does LEND2 charge a fee?

There are no fees for borrowers and lenders on LEND2. We only charge 1.5 USDT or 1.5% (whichever higher) withdrawal fees. This fees only applied when user withdraw fund from pool.

Which cryptocurrencies does LEND2 support?

LEND2 currently support stablecoin USDT TRC20

What if borrower do not repay their loan?

If borrower do not pay back the total repayment amount at the due date , lender can initiate foreclosure and LEND2 will liquidates the NFT collateral from the smart contract and burns the promissory note. Lender only need to wait for 1 day and this loan's principal amount + interest will auto transfer to lender pool wallet.

How to start borrowing a loan ?

Use form to apply and once your application is approved, your NFTs or Vaults will list on Loan Marketplace and received loan from lenders.

How to start lending a loan ?

Begin loans by making lending offer to selected collection. Simply choose collection, decided lend amount (minimum 10 USDT) and start loan. That's it

What is RXToken Rewards ?

By holding different amount of RXToken, user can get Free USDT rewards that payout everyday. For example, user A hold 100 RXToken and he or she can get ~ 0.8 - 1.5 USDT per day, lasting for 120 months.

Updated about 1 month ago