🔑How it works [TestNet]

AquaLend, the borrowing platform for Aquastake, is now in its closed public beta phase. During this period, selected users will have the opportunity to test the platform on our testnet environment.

Main Points

• Testnet Functionality: The testnet environment will mirror the functionality of the mainnet. You'll be able to experience all the features and capabilities of AquaLend as you would on the live network.

• User Interface Feedback: While the core functionality remains consistent, please note that the user interface (UI) may undergo changes based on feedback received during the beta phase. We're committed to refining the UI to enhance user experience before the mainnet launch.

Overview/Main Page

AquaLend's user interface is designed for simplicity, ensuring even novices can effortlessly navigate and initiate loans. While legal disclaimers like fees and loan payback terms won't appear in the testnet, rest assured, our official Terms of Use and policies are being meticulously crafted for the mainnet version.

Stay informed with total pool information and key metrics such as Loan-to-Value (LTV), Borrowing Capacity (BW), Annual Percentage Rate (APR), and margin, all conveniently displayed and dynamically updated in real-time as deposits and borrows occur.

Securing a loan is a breeze – choose your preferred currency and obtain your loan in minutes.

Lending AQUA/sAQUA to Borrow from Pools

Let's walk through borrowing USDC on AquaLend:

1. From the main page, click on the currency you'd like to borrow. Select "USDC".

2. A pop-up window will appear, allowing you to choose your collateral currency. You can select either "AQUA" or "sAQUA".

3. After choosing your collateral currency, select the amount of collateral you'd like to use to secure your loan.

4. Once you've selected your collateral amount, proceed to the next step to finalize your loan.

• Please note that some wording may be changed on the UI before mainnet Launch

Approving Transactions

Remember: To ensure your loan is processed correctly, it's crucial to approve all transactions in your preferred wallet. Don't overlook this step!

If the approval screens don't automatically pop up, make sure to manually check your wallet.

Loan Management

Congratulations on successfully approving and paying your gas fees! Your borrowed assets are now available in your wallet, ready for you to utilize as you see fit. However, remember to stay mindful of your loan terms.

In our mainnet version, all loan terms will be clearly displayed before acceptance. Please review and understand these terms thoroughly.

Keep in mind: You're responsible for repaying all borrowed funds, including any accrued interest and fees, before your collateral can be released to you.

Loan Repayment

Repaying your loan on AquaLend is as simple as a single click. Just follow these easy steps:

1. Approve the repayment asset in your wallet.

2. Accept the transaction to initiate repayment.

That's it! Your repayment will be processed instantly, and your collateral will be released immediately once your loan is satisfied.

Important Notes on AquaLend

1. Staking Advantage: Aquastake stakers enjoy a competitive 60% Loan-to-Value (LTV) and Borrowing Capacity (BW), surpassing the standard 50% LTV/BW for non-stakers. This advantage enhances borrowing potential and optimizes asset utilization within the AquaLend ecosystem.

2. Defi-Leading Terms: AquaLend boasts the most competitive LTV/BW ratios in the Defi space, providing unparalleled value to our users. Enjoy peace of mind knowing you're getting the best terms available.

3. Collateral Options: Users can collateralize their loans with AQUA and sAQUA to borrow USDC, USDT, and TAO. However, when borrowing AQUA and sAQUA, users can only utilize ETH as collateral. This strategic approach aims to bolster ecosystem income while preserving the value of AQUA.

AquaLend embodies simplicity and efficiency, ensuring a seamless user experience:

1. User-Friendly Interface: With an intuitive design, AquaLend is easy for anyone to navigate. All actions are initiated directly from the main page, minimizing complexity and streamlining the borrowing process.

2. Instantaneous Transactions: Powered by smart contracts, AquaLend operates autonomously without the need for human intervention. This decentralized approach guarantees swift and reliable transactions, eliminating delays and intermediaries.

3. Prompt Interaction: All prompts and notifications occur via pop-up windows, ensuring users remain on the main page throughout the borrowing journey. This seamless flow enables users to complete transactions within minutes, maximizing convenience and efficiency.