Borrow and only then lend USDD. Let's say you lend... @officialjustlend

Asked 1122 days ago
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Borrow and only then lend USDD. Let's say you lend 0.1 BTC then collateralise that to borrow 1000 USDD and then lend that 1000 USDD. Roughly how much USDD(supplied+pendingReward-borrowed) do we have after 30days?

asked 1122 days ago

4 Answers

Answer: In this scenario, the user has lent 0.1 BTC to the platform and has then used it to collateralise 1000 USDD, which they have then lent out. After thirty days, the user will have earned rewards from both the 0.1 BTC they supplied and the 1000 USDD they supplied. The net supply of USDD in the market will be the total amount of USDD supplied into the market, plus any pending rewards earned from the supplied tokens, minus any USDD that has been borrowed from the market. Therefore, after thirty days, the user will have earned rewards from the 0.1 BTC they supplied and the 1000 USDD they supplied, and the net supply of USDD in the market will be the total amount of USDD supplied into the market, plus any pending rewards earned from the supplied tokens, minus any USDD that has been borrowed from the market.
answered 1122 days ago
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@MilNoslen ☝️
answered 1122 days ago
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Hi how could I help you sir
answered 1121 days ago
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"So in this case, the reward for this user comes from two parts: first is the supply APY of the 0.1 BTC that he firstly supplied into the BTC market. the second one is from the 1000 USDD he supplied after. We don't need to mix them. The other thing is, the formula net supply is focused on the total amount in the whole market other than the amount of users'. So, if you supply some BTC and collateralize it and borrow some USDD out, the amount would be counted severally to BTC and USDD market. It doesn't matter if you supply and borrow the exact same number of any tokens but you need to look at the whole amount of that token's market." From @TzuhsinChu
answered 1119 days ago
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@mia_wang will either have to review or a dev by Monday check it.
answered 1121 days ago

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