Singular Protocol
  • What is Singular
    • Introduction
    • How is the Singular protocol different from other lending protocols?
    • Support Chain & Assets
    • Roadmap
  • Protocol Mechanics
    • Loan
      • Provide liquidity through wstETH
      • Multi-pool mechanism
    • Borrow
      • Process
      • Maximum loan amount
      • Interest rate
    • Repayment
    • Liquidation
    • Voucher
    • Oracle Price Feeding
  • Cross Chain
    • Cross Chain for EVM
    • Cross Chain for BTC
  • User Guide
    • Connect Wallet
    • Cross-Chain
    • Borrow ETH
      • Cross-chain mortgage NFT function
    • Lend ETH
  • Tokenomics
  • Smart Contracts
    • Contract List(SepoliaTestnet)
    • Audit Reports
  • Q&A
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Maximum loan amount

PreviousProcessNextInterest rate

Last updated 1 year ago

Assuming that there are n token pairs in an NFT pool, the one with the highest collateral rate will be taken from the pool at first. Each token will correspond to an asset ratio. The asset ratio is calculated as follows:

xrate=xim/(xic∗N) x_{rate}=x_{im}/(x_{ic}*N) xrate​=xim​/(xic​∗N) 

ximxic x_{im}x_{ic}xim​xic​represents the token quantity and collateral rate of the token pair, and N represents the NFT asset value.

The maximum loan amount VmaxV_{max}Vmax​ is calculated by arranging from largest to smallest collateral rate.

Vmax=x1m+x2m+……xkmV_{max}=x_{1m}+x_{2m}+……x_{km}Vmax​=x1m​+x2m​+……xkm​

Among this:

∑i=1k xirate  < 1\sum_{i=1}^k x_{irate}  < 1∑i=1k​ xirate​  < 1