Get Started with AlpacaFi
A little about AlpacaFi Loans ...
alpacafi-terminal
$ npm run stats
Initializing AlpacaFi protocol...
Total Value Locked: $0.00
Active/Total Loans: .../...
Average Interest: ...%
Average Collateral Ratio: ...%
$ npm run network-info
Block Height: #...
Network Hashrate: ...
$ npm run health-check
System Status: Operational ✓
Network: Mainnet
$
What is AlpacaFi Loans?
AlpacaFi Loans is a decentralized peer-to-peer lending protocol built on Alephium. Create loan requests by specifying your desired token amount and providing other tokens as collateral.
How it Works
- 1.Create a loan request by specifying the token amount you need and the tokens you'll provide as collateral.
- 2.Other users can review and fund your loan request. Once funded, you'll receive your tokens instantly.
- 3.Maintain a collateral ratio above 150% to keep your position healthy.
- 4.When repaying your loan, a 7% fee is applied to the repayment amount to reward lenders on short loans.
Liquidation Process
- •If your collateral ratio falls below 150%, your position becomes eligible for liquidation.
- •Liquidators can trigger the liquidation process through the liquidation page.
- •Once liquidated, your collateral enters a 3-hour auction where users can bid to acquire it.