Step by step guide to using beta Finance

Time:2022-1-14

The lender will be able to lend assets to any money market existing on beta finance to obtain additional income from the loan interest rate. Interest is paid to lenders from borrowers and short sellers who pay loan interest rates to borrow assets to obtain leverage or short assets for trading and defi strategies. Each token has a loan pool, so it can ensure that the lender can always get the maximum possible return on beta finance for the tokens deposited.

There are two simple steps to lending encrypted assets on beta finance.

Select the token money market you want and click the deposit button. Users can also search for specific tokens through the contract address.

  1. Enter the number of base tokens you want to deposit for lending and borrowing, and receive btoken from your deposit.

to loan
The borrower can use eth, usdt, usdc and Dai as collateral to start the loan position of beta finance. When starting a borrowing position, the loan to value (LTV) ratio must be below the security threshold defined in the borrowing token asset level risk parameters.

To initiate debit and credit positions on beta finance, users only need to perform three simple steps:

Select the token money market you want and click the “borrow” button. Users can also search for specific tokens through the contract address.

  1. Select the supported collateral you want to use from the drop-down list and enter the amount you want to use for the position. In addition to indicators, DAPP also provides convenient buttons to fill the fields according to the percentage of your current collateral holdings and the percentage of collateral borrowed.
  1. Click the borrow button to start the position.

Short selling
Short sellers can use eth, usdt, usdc and Dai as collateral to establish short positions on beta finance. Short selling on beta finance takes advantage of the borrowed funds in the beta money market and immediately sells the borrowed tokens to the collateral used, so it follows the same collateral and LTV requirements as starting the borrowed position.Big data training

For short sellers on beta finance, there are three simple steps to establish a position:

Select the token money market you want and click the “short” button. Users can also search for specific tokens through the contract address.

  1. Enter the number of collateral to use and the number of tokens to short. The beta version will directly provide you with indicators such as LTV, sliding point and price impact in the interface. The beta version will also calculate the best DEX (sushiswap or uniswap) for the default exchange.
  1. Click short.

Management position
By navigating to the “my positions” tab at the top of the navigation bar, users will be able to see a dashboard that allows them to easily manage their positions. Through the dashboard, lenders will be able to update their deposits or withdraw their lent assets. Borrowers and short sellers will be able to add additional collateral to their positions by clicking “replenish” and close or reduce their positions by clicking “repay”.

come on.
Repopulation on beta finance means adding additional collateral to current borrowed or short positions. Users can add more existing collateral to their positions to reduce the loan to value ratio (LTV) to avoid liquidation.

To add additional collateral to an existing position, perform the following 2 simple steps:

Select the location where you want to add more collateral, and then click supplement.

  1. Enter the amount of collateral you want to add, and then click supplement. Indicators of LTV changes after adding collateral can be obtained directly in the UI.

repay
Beta finance will enable users to repay their debts with collateral or borrowed / short selling tokens. When using debit / empty tokens to repay, you need to specify the number of debit / empty tokens to repay. When using mortgaged assets for repayment, beta will automatically deduct all debts from the collateral and execute swaps on DEX to obtain borrowed / short assets for repayment on behalf of the user.

Repayment with borrowed / short selling Tokens:

Choose to pay with borrowed / short sold tokens and enter the repayment amount. When paid directly with borrowed / short sold tokens, the debt does not have to be repaid in full.

  1. Click the button to approve the token repayment and repay the debt.

Repayment with collateral:

Select pay with collaborative on the right. When repaying with collateral, beta finance will automatically use the collateral related to the position and exchange the optimal DEX into borrowed / short sold tokens to repay your debt.

  1. Click the button to repay your debt, close your position and regain your collateral.

Liquidation
Liquidation occurs when the LTV of the position exceeds the liquidation threshold of the asset layer. This may occur if the value of the collateral fluctuates and / or the price of the borrowed asset increases. It is very important that liquidation takes place to ensure the healthy operation of the money market. The liquidator can liquidate up to 50% of the debts in one liquidation notice, and obtain a liquidation bonus after successful liquidation, which varies according to the asset level.