In this video we discuss Borrowing USDL...
As a borrower, you can take a loan against your existing Pulse.
To do this, you deposit your Pulse into a contract called a Vault, which in turn mints the USDL stablecoin.
The minimum collateral ratio you can lock up is 110%, however a ratio of 150% or more is strongly recommended.
To borrow USDL, you must "Connect Your Wallet" to open a Vault. A minimum loan of 2,000 USDL is required.
Select 'Borrow USDL' from the side menu... then Deposit your chosen amount of Pulse.
You will notice on the right side your individual collateral ratio is shown.
To calculate this ratio you will need to enter a loan amount...
And to change your collateral ratio, simply adjust either your Borrow USDL amount, or your Deposit amount.
As you can see, your Pulse and USDL wallet balances are dynamically displayed, plus you have 4 'quick-select' percentage options for speed.
You can also "Clear Values" to reset and start again.
On the right, you will find Your Transaction Stats... and Your Vault Stats.
Once your final USDL borrow amount has been entered, click the Confirm button... then authorize the transaction in your wallet, and you're done.
And finally, to Repay your USDL debt, simply select the 'Repay' tab to the right then follow the same steps.
Liquid Loans Testnet Dapp:
https://testnet.liquidloans.io/-----------
Liquid Loans is the first truly decentralised lending protocol built specifically and exclusively for PulseChain. As a protocol, it is non-custodial, immutable, and governance-free. It is a finished product with no admin keys. #PulseChain #liquidloans #loveliquidloans #neverselling
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