How to Borrow ADA Staking Rights?

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