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
Pioneer
2.5%
$25
$975
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 $960 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 4% entry fee. For other tiers, the received amount will vary based on the entry fee percentage and loan amount.)
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