UPay Crypto Loans—User Manual

On the UPay App, tap More -> Crypto Loans to head to the Crypto Loans page.  

Take out a loan 

Step 1: On the UPay App, tap More -> Crypto Loans to head to the Crypto Loans page.  

Step 2: 

a. Select the coin type and enter the amount that you wish to borrow.

b. Select your collateral and the amount that you wish to use as collateral 

c. Review the information at the bottom of the Order page, such as Interest Rate, Total Interest Amount, and Repayment Amount. 

d. Read and acknowledge the Crypto Loans Service Agreement, and click Borrow Now to confirm your loan order. Interest starts to accrue as soon as your order is confirmed.

View Your Loan Orders

To view Your Loan Orders Please click on the Borrowing Orders' page to view the details of your current loan orders. This includes your total loan amount, collateral amount, current LTV ratio, as well as the remaining principal and interest amounts.

To view your Crypto Loan Orders History, tap on All Orders to enter to Crypto Loan order page. You can view your Borrowing Orders, Repayment Record, Collateral Adjustment record and Liquidation History.

Repay a loan and Interest

Step 1: Tap the Borrowing Orders and Click on Repay.

Step 2: Enter the repayment amount, or click Maximum to enter the maximum repayment amount, then click Repay.

Step 3: You have successfully repaid your loan and interest.

Adjust Collateral 

Step 1: Click on Borrowing Orders and click on Adjust Collateral.
Step 2: In "Increase", enter the amount you wish to add, or click "Max".

Increasing the collaterral amont can lower your current pledge rate and reduce the risk of forced liquidation.
In"Reduction", enter the amount you wish to add, or click "Max".

Verify that the order details are accurate, then click "Confirm".

Note: You can only reduce the collateral amount if the current pledge ratio is lower than the initial pledge ratio.

Step 3: You can view the records of collateral adjustment through of the  "All Order" page. 

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