Common Question(In CHN)

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Why can't display relevant information such as deposit and borrowing currency when i log on the KLend ?

A：If you enter https://test.klend.io/ , but no link wallet you can't view the information about the currency of deposit and loan, etc. you can browse KLend by link one wallet ,such as heco chain according to the above tutorial, or select heco wallet through TP wallet to browse KLend.

Why can't I withdraw assets?

A ：There are generally two situations where assets cannot be withdrawn：

1.When the user borrows through klend, if your mortgage rate is too high, you need to repay a part of the loan before you can withdraw the asset.

2.Klend is a decentralized lending platform. When a certain currency is continuously lent, resulting in insufficient currency in the platform, you will not be able to withdraw assets at this time. You can withdraw your assets after waiting for the currency to be returned. Assets, but all borrowings are secured, so you don’t have to worry about asset safety.

Why sometimes there is no response when deposits and withdrawals are made？

A：General, there may be 2 reasons：

1.The wallet node is down. If you are using TP wallet, it is recommended that you check whether the BSC or Okexchain node of the wallet is normal in the settings.

2.The chain is congested. Your last interaction is congested on the chain, which makes subsequent deposits and withdrawals impossible. If you are using a MetaMask wallet, please open the main interface of the wallet and select "Activity" to see if there are any on-chain operations in the queue in. If you are using a mobile wallet, please find the asset transfer record, whether there is a queue, if it occurs, you can choose "accelerate" or "cancel" after the chain is normal before proceeding.

About mortgage rate and maximum safety value.

A：The mortgage rate represents the maximum proportion of the asset that can be used as a mortgage to borrow other assets. The maximum safe value is 85% of the user's maximum mortgage loanable asset. When the loan asset is below the safe maximum value, it means that the risk of liquidation is small. For example, the USDT pledge rate is 90%, which means that 100U worth of USDT assets are deposited. The maximum mortgage loan is 90U of other assets, and the maximum security value of the user’s loan is 90U*85%=76.5U other assets.

What is the maximum loan/withdrawal limit?

A：The limit for borrowing and withdrawal manually entered by the user is 95% of the maximum mortgage asset, and the limit for borrowing and withdrawal using the safe maximum is 85% of the maximum mortgage asset. For example, if the user deposits 100U USDT assets, the mortgage rate is 90%, and the maximum mortgage asset is 90USDT, the maximum borrowing amount manually entered by the user is 90U95%=85.5U other assets, and the borrowing assets that "Safest Maximum" is 90U 85%=76.5U.

About the degree of risk and under what circumstances will it be liquidated?

The maximum risk level is 100, and the risk value = loan assets/maximum loanable assets*100. When the risk level exceeds 100 due to currency price fluctuations or increased interest payments, the loan assets will be liquidated. Liquidation interest is 8% .

The only condition for liquidation to occur is when the value of the loaned asset> the value of the loanable asset (value at risk> 100), where liquidation is a public contract method, and everyone can call the contract to liquidate borrowers with a risk value greater than 100. The process of liquidation: the liquidator returns the assets lent by the user, and then obtains his corresponding mortgage assets. Here the liquidator will get 8% of the income, which means that if the liquidation value is 100U, the liquidator can get 108U of mortgage assets, and the liquidator can choose one user's mortgage asset for liquidation.

Scenarios where liquidation may occur:

1. Rise in the price of loaned assets: When the price of loaned assets rises and the total value of the loaned assets rises, it may lead to a value at risk> 100.

2. The price of mortgaged assets drops: When the price of mortgaged assets drops, the value of borrowable assets will become smaller, which may lead to a risk value> 100.

3. Long-term non-repayment: The user borrows a certain amount of interest. What tokens is borrowed, then his interest is the corresponding tokens. The loaned assets we refer to elsewhere in this article include the interest part that needs to be repaid. When the loaned assets + the interest to be repaid increase, it may also cause the risk value to be> 100.Therefore, even if it is a single token mortgage loan, please do not use 100% of the maximum loan. With the increase of interest, liquidation may occur.

4. The ratio of liquidation: The maximum liquidation is 100% of the loaned assets.

Why does it feel that APY earnings (interest rates) are not actually showing high?

A：APY is the annual income of deposits. For example, if the APY of M tokens deposit is 100%, it means that user A deposits 100 M tokens, and the total income for a year is 100 M tokens. The interest of decentralized lending products is calculated and distributed according to the compound interest of the block. The daily income cannot be calculated according to APY/365. The longer the deposit time, the higher the compound interest curve and the higher the income. The detailed formula can be seen [Products Description] APY calculation formula.

Why is there a small amount of loans that have not been repaid after all the assets of the loan have been repaid?

A：Borrowing requires the payment of interest, and the interest will be counted as the loan repayable. Therefore, when you borrow the loan and the loan asset <the repayable asset, you need to buy the token in other places to repay it.