1.The lending employs the main account funds and thus there is no need for funds transfer.
The lending employs the main account funds and there is no need for funds transfer, and the lenders are required to agree to “the Bibox Lending Agreement”.
A certain amount of service charge is required for the lending, and the current rate is 15% of the interest on your lending.
You can check where the arrowhead points at for details about your lending.
* Available: Funds available for lending
* Lent: Funds already used for lending
* Frozen: Assets temporarily frozen by the system
* Uncollected interest: Uncollected interest on the lending
The “Fund restream continue to lend” Switch: If the switch is on, the repayment of your lending will be automatically used for future lending at the interest rates that you set at the first time of lending, and at the same time the interests on the lending will be put into your main account. If you does not want it to be used for future lending, just switch it off, and the repayment of the lending and the interests will be returned to your main account and will not be sent to the market for lending.
Insurance: Lenders may choose to buy the insurance. If the lender has bought the insurance, and the borrower fail to be forced into liquidation (very unlikely), the investor protection fund will make up for the loss of the lender until the fund runs out; if the lender has not purchased the insurance, the losses shall be borne by him/herself. The investor protection fund is supported by 10% of the interest earned by the buyers.
2.Select the lending "daily rate"
The Bibox currently provides the lenders with 5 levels of daily rates. Bibox reserves the right to adjust the rates at any time according to market conditions.
3. Fill in the “lending amount
You can set the amount of funds for lending in the input box according to your own needs.
4. Click the "lend" button to submit the lending application.
After confirming that the "daily rate" and "lending amount" are set, you can click the "lend” button to submit the lending application to the system and wait for the matching transaction.
You can check the "Unsettled Orders ", “Pending Payment” and "History" for details about your lending.
The End of the Lending Instructions
Check out more rules on credit trading here: