Liqfinity
  • Basics
    • Introduction
    • Challenges with Existing Crypto Lending Platforms
    • Our Solution
    • Loan Utilization
  • Features
    • Borrow
      • Entry Fee
      • Base Hourly Fee
      • Hourly Fee Tax
      • Payment of Hourly Fees
      • Flexible Loan Terms
    • Provide Liquidity and Earn
      • How it works?
      • Reward Distribution
    • Liqfinity Pay
  • Our Token
    • Tiers
    • Tokenomics
    • Governance (DAO)
  • AI Features
    • Sentinel AI: The Core of Liqfinity
    • QUANT AI: Your Intelligent AI Agent
  • Roadmap
    • Roadmap update in progress
  • Community
    • Referral System
    • Social Media Links
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  2. Borrow

Entry Fee

Entry Fee: One-Time Loan Initiation Fee

The Entry Fee is a one-time charge deducted upfront when taking a loan on Liqfinity. Fees vary by tier, ensuring lower costs for higher-tier users as a reward for their commitment.

Entry Fee Structure by Tier:

Tier

Entry Fee

Fee Amount (on $1,000 loan)

Amount Received

Basic

4%

$40

$960

-

-

-

-

Plus

2%

$20

$980

Premium

1.5%

$15

$985

Platinum

1%

$10

$990

How It Works:

  • The higher your tier, the lower the entry fee, making borrowing more efficient for committed users.

  • Pioneer NFT holders enjoy reduced fees compared to Basic users, encouraging early adoption.

  • Premium and Platinum users benefit from the lowest costs, reinforcing the value of staking more tokens.

User receive $965 after the entry fee is deducted but are required to repay the full $1,000 plus any accrued fees.

(This example applies to Basic-tier users with a 3.5% entry fee. For other tiers, the received amount will vary based on the entry fee percentage and loan amount.)

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Last updated 8 days ago