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How to Borrow ADA Staking Rights?

PreviousDanogo Staking BondNextHow to Provide Liquidity?

Last updated 3 months ago

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