For Liquidity Providers
Fund Account: Transfer USDT into your account on Altr's lending platform.
Browse Borrow Requests: View a list of borrow requests where the termsโsuch as the collateral used, the amount of USDT requested, and the loan durationโare set by the borrowers.
Automatic APR Calculation: The lending platform automatically calculates the APR you'll earn as a lender based on the terms set by the borrower.
Confirm Agreement: Upon agreeing to the terms, confirm the loan agreement to initiate the lending process.
Escrow and Loan Disbursement: The NFT used as collateral will be held by the lending platform, acting as an escrow service, until the loan is active. Your USDT is then transferred to the asset owner as per the agreement.
View Open Loans: You can visualize and manage all your open loans in a dedicated section within your profile.
As a liquidity provider, you have the opportunity to earn interest on your USDT by lending it to asset owners in a secure and transparent manner.
Last updated