Credit account
Last updated
Last updated
Note that all of the following conditions must be met in order to to use Credit Account features:
Credit Loan Requirement: Credit Score>=500
Credit Network Layer 1 Users with 500 Credit Score or above>=10
The Users available to insure in Credit Network Layer1+Layer2>=10
The Credit Loan Amount is $100 minimum and the maximum is 10x users’ insurable amount available in Credit Network Layer 1 + Layer 2.
Insure amount the amount you guarantee
Payout amount when you guarantee another lender and the lender cannot repay the loan then you pay the loan for the lender
Insurance Income when you are a guarantor, the other party needs to pay you the corresponding guarantee fee.
There are three (3) tokens in “STATES‘’ (USDT, USDC, DAI) Right under, you can view the “Loan Available”, “Borrow”, and “Total Value” of each token.
If you see the pop-up message "Sufficient Credit Network Requirements", it means your Credit Score is <500
“MANAGE” your debt, where you can pay or borrow more.