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Lore Finance
  • Directory
  • LORE Lending
    • Introduction
    • Depositing & Earning
    • Borrowing
    • Liquidations
    • Flash Loans + Looping
    • oLORE Redemption
    • Protocol Assets
  • Lore CDP
    • How loreUSD Works
    • Zero-Interest Borrowing
    • Low-Interest Borrowing
    • loreUSD Collateral
    • Minting loreUSD
    • Managing loreUSD Positions
    • Earning Yield With loreUSD
    • Integrated Lending
    • Stability Pool
    • Liquidations
    • Redemptions
    • Recovery Mode
    • Management Fee
  • LORE TOKEN
    • LORE Tokenomics
    • LORE Staking
  • Tutorial
    • Using MetaMask
  • Resources
    • Helpful Links
    • Deployments + Contract Addresses
    • Protocol Security
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  1. Lore CDP

Low-Interest Borrowing

For interest bearing collaterals, Lore charges a 2% APR management fee on top of its 0.5% minting fee. This includes wstETH, pufETH, STONE, and weETH.

There is no fee for paying back a loan.

Loan Example with Interest-Bearing Collateral:

  • If a user deposits sufficient collateral, they can take out a 100 loreUSD loan.

  • Their total debt will appear as 105.5 loreUSD, which is made up of a 0.5% issuance fee (in this case 0.5 loreUSD), 5 loreUSD held as a liquidation deposit, and 100 loreUSD minted to the user’s wallet.

  • The user's total underlying collateral amount will be reduced by 0.0054% per day, or 2% per year.

  • When the user pays back 100.5 loreUSD, the 5 loreUSD liquidation deposit will automatically be paid into their position and the position will be closed. Users will not be charged any additional management fees at this time.

If you have questions, please reach out to the Lore team in our official Discord.

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Last updated 5 months ago