Dear BigONE user,
BigONE loan products have added the borrowing service of MOB, XIN, SHIB, DOGE, MANA and SOL. Any needs of borrowing for the above currencies can enter to the BigONE loan homepage to view.
BigONE Loan: https://big.one/en/coffer/b2c
|Currency||Staking (%)||Warning Line (%)||Liquidation Line (%)|
Mango now pledges 1 million ONE, and now the ONE price is 0.003 USDT, and the ONE pledge rate is 30%, then mangoes can now borrow: 1 million ONE x 0.003 x 30% = 900 USDT. According to the corresponding risk rate formula, it can be calculated:
* When the price of ONE drops to about 0.0013 USDT, which is 57.1%, it reaches the warning line of 70%;
* When the price of ONE drops to about 0.0011 USDT, which is 62.5%, it reaches 80% of the liquidation line.
Calculated as follows:
Risk ratio = (borrowing amount + interest + late fee) / pledged property valuation
For the convenience of calculation, the late payment fee is ignored here, the calculation time is 1 day, and the daily interest rate is 0.03%
Loan amount + interest = 900 + (900 x 0.03%) = 900.27 USDT
Suppose the real-time price of ONE is Y
* The formula for calculating the warning line is: 900.27 / (1,000,000 ONE x Y) = 70%
* The calculation formula of the closing line is: 900.27 / (1,000,000 ONE x Y) = 80%
The above mortgage currencies set different maximum loanable limits, which will be adjusted later according to the situation.