Borrowers

The RCN Credit Marketplace enables borrowers around the world to request funds on their own terms by posting crypto-collateral. With predictable and competitive interest rates and a wide variety of adjustable variables, Peer To Peer (P2P) DeFi borrowing is now a highly personalized experience.

Efficient


Thanks to their P2P mechanism, the Credit Marketplace’s DeFi Loans have no spreads between borrowing and lending APRs.

Customizable


With ten adjustable variables available, DeFi Loans’ borrowers can now request funds putting their needs and preferences first.

Stable


P2P Loans’ APRs don’t vary during their term, allowing borrowers to know how much they will pay from the first day to the last.

Loan properties

In order to provide a highly personalized borrowing experience, the RCN Credit Marketplace’s P2P borrowing mechanism allows its users to request loans choosing almost all their terms.

BORROWING CURRENCY

The Borrowing Currency is the currency in which the loan and its interests are denominated.

BORROWING CURRENCY

USDC

BORROW AMOUNT

The Borrow Amount is the amount the borrower is requesting from a lender, denominated in the Borrowing Currency.

BORROW AMOUNT

10,000 USDC

REPAY AMOUNT

The Repay Amount is the amount of capital plus interest the borrower has to pay back to fully repay a loan, denominated in the Borrowing Currency.

REPAY AMOUNT

10,250 USDC

ANNUAL RATE

The Annual Rate is the annualized interest rate paid by the borrower and earned by the lender for funding the loan (without taking compound interest into account).

ANNUAL RATE

10 %

DURATION

The Duration indicates the amount of time the borrower has in order to repay the loan, before its collateral gets partially or totally liquidated.

DURATION

90 Days

EXPIRATION TIME

The Expiration Time indicates the amount of time the loan request will remain active before expiring, if it isn’t funded by a lender.

EXPIRATION TIME

1 Day

COLLATERAL AMOUNT

The Collateral Amount is the amount of funds that the borrower has locked to back the loan.

COLLATERAL AMOUNT

619424.4604 RCN

COLLATERAL RATIO

The Collateral Ratio is the proportion between the value of the collateral and the value of the borrowed funds.

COLLATERAL RATIO

252%

LIQUIDATION EXCHANGE RATE

The Liquidation Exchange Rate is the exchange rate at which the Collateral Ratio will reach the Liquidation Ratio.

LIQUIDATION EXCHANGE RATE

0.0248 RCN/USDC

LIQUIDATION RATIO

The Liquidation Ratio is the value of the Collateral Ratio at which the collateral will get partially or fully liquidated.

LIQUIDATION RATIO

150%

SAFETY RATIO

The Safety Ratio is the value the Collateral Ratio will reach after a collateral liquidation.

SAFETY RATIO

200%

CURRENT EXCHANGE RATE

The Current Exchange Rate is the current price ratio between the Collateralization Currency and the Borrowing Currency. This variable can be verified but not defined by the borrower.

CURRENT EXCHANGE RATE

0.0417 RCN/USDC

INSTALMENTS

The Instalments indicate the number of evenly distributed and equal payments in which the Repay amount will be repaid. Each of these payments implies another due date in the loan’s repayment schedule.

INSTALMENTS

1 Payment

ORACLE

The Oracle, represented by its Ethereum address, supplies the exchange rate used to calculate the equivalence between amounts denominated in the Borrowing and Lending Currencies. This variable can be verified but not defined by the borrower.

ORACLE

0x03...a23E

Getting started.

Getting started.

RCN blockchain-based borrowing eliminates unnecessary friction, allowing borrowers to start requesting loans in three easy steps.

1

Get connected

Access theCredit Marketplace connect yourself using one of the available wallets.

2

Choose your terms

Select your borrowing conditions, including Currency, Amount, Annual Rate and Duration.

3

Supply your collateral

Choose your Collateral Currency, Amount and Ratio and confirm the transaction. That’s it!