Funds used for lending are from “Master Account” and therefore transfers are not required. The lending can be started once users agree to the "Bibox Lending Agreement". A service fee will be charged for the lending service. The current rate of service fee is 15% of the interest you earn from the lending.
Step 1: click “Margin” on the top navigation area and select “Lending”
Step 2: select token to lend
* The system will automatically calculate the “Lendable” amount, “Lent” amount and “Interest Receivable” of the token;
Step 3: set the lending rate and enter the lending amount
Step 4: click “Lending” to finish
You can view lending data in “Open Orders”, “Receivables” and “History”.