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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  1. Protocol Mechanics

Repayment

Borrowers can repay part of the funds at any time, giving priority to those with high interest rates, and the interest rates will be recalculated after a repayment. Since the repayment will give priority to repaying those with high interest rates, the more repayments, the lower the remaining interest rate.

The repayment priority order is carried out off-chain, with priority given to repaying high-interest rates. The contract does not verify the order.

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Last updated 1 year ago