How to Borrow ADA Staking Rights?
Last updated
Last updated
First, Let's connect your wallet!
Step 1: Navigate to the Borrow menu. Click on the Borrow ADA button
Step 2: Configure the loan settings.
The parameters that need configuration are
Volume
Duration
Borrow Interest Rate
Premium duration
Note: Note: Danogo will automatically calculate the premium amount (The initial interest amount that the borrower has to pay)
Click Create Button
Step 3: Sign the transaction on your wallet
After the transaction is completed, you will immediately receive Danogo Bond Borrow Token. This token is represented for your loan.
The borrow request will be displayed on the Borrow screen