Dharma is your portal to DeFi Investing
Start new thread
Todd Goldberg

Dharma - The easiest place to borrow and lend cryptocurrency

by
amblewalking
•
Dharma is the easiest place to borrow and lend cryptocurrency. With Dharma, anyone can earn interest on their crypto or take out a line of credit from anywhere in the world. No bank account required. 

Add a comment

Replies

Best
Paul Walsh
Where can I read the terms and conditions for the interest rates paid back by borrowers - without having to sign up? What is the maximum annualized interest rate that can possibly be charged?
Nadav Hollander
Maker
@paul__walsh Sorry for the late response. For more details on the terms and conditions of the loan, please refer to our FAQ: https://www.notion.so/teamdharma... As for the maximum APR you can possibly be charged, note that the rate is fixed for the entirety of the loan — i.e. if the advertised rate is 4% APR at the loan's outset and the loan duration is 1 year, you will get charged 4%. Though the offered rate can fluctuate on the basis of supply and demand, the rate for an individual loan is locked in once the loan term begins.
Paul Walsh
@nadavahollander Thanks so much for taking the time to reply - appreciated. May I ask what happens when someone doesn't repay the loan within the agreed timeframe? That's the most important aspect of a loan for me. I'm trying to get to the worst case scenario for borrowers.
Nadav Hollander
Maker
@paul__walsh We've updated the FAQ to make this clearer, see for yourself: https://www.notion.so/teamdharma...
Jared Falvo
If they would allow me to withdraw my Dai!
First
Previous
12