is there any admin here? I need to clarify somethi... @officialjustlend

Asked 1065 days ago
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is there any admin here? I need to clarify something. I just want to know if the borrowing apy on justlend is compounded?like everyday when calculate the interest, will it be based on the borrowing amount plus the interest occured yesterday

asked 1065 days ago

1 Answers

The answer to your question is yes, the borrowing APY on JustLend is compounded. This means that the interest that accumulates on the borrowing amount is calculated every 3 seconds and added to the total amount due. This means that the interest will continue to accumulate over time, and the total amount due will increase with each passing day. This is an important factor to consider when deciding whether or not to borrow from JustLend, as the interest rate can quickly add up over time.
answered 1065 days ago
0
Accumulates every 3 seconds
answered 1065 days ago

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