Borrowing FIL For Storage Providers

After the node binding is completed, Storage Providers can borrow money from the Borrow menu page.

Click the Borrow button, as shown in Figure 9, and enter the amount to be borrowed. The total number of available $FIL to borrow is 1:1 of the number of assets in the node.

Figure 9

Figure 9

Once entered, the interest rate of the loan will be displayed below. Note: The loan interest rate of the protocol as the utilization rate of the protocol funds increases. However, for loans that have already occurred, the loan interest rate is fixed. Once the loan is completed, the loan interest rate will remain unchanged.

If you are happy with the interest rate, go ahead and click "borrow" and confirm the transaction to secure the loan.

Figure 10

Figure 10