Loans

Have a Stake? Get a Loan

If you have a Stake of TORR that’s accumulated BTT Dividends, you can put out a request for someone to loan you an advance on these dividends. You can set your own competitive interest rate to get your loan filled faster. However, all loans carry a 5% lender fee so choose wisely.

You may also set the time frame for the repayment of your loan, meaning you can set and fill multiple loans on one Stake given the Stake has enough time to do so. The minimum duration for a loan is 3 days, meaning a stake has to have at least 3 or more days left to request a loan.

NOTE: The 5% lenders fee is split with 2% going to the Vault, 2% sent to the InfiniTORR team and the last 1% is sent to the next Auction Lobby day’s dividends.

Don't miss out on the fun, Loan BTT today!

If you have some spare BTT laying around or just feel more comfortable staying in BTT over participating in TORR and the auction lobby, then lending may be right for you. Any user can participate in providing BTT funds to those who wish to get an advance on their Stake dividends.

There are no requirements for providers to be eligible to loan BTT, this isn't like a traditional bank loan. Users will only have to pick the best interest rate and loan principle to suit their needs. The risk to lenders is zero as the smart contract will always award the lender what they’re owed, so you can lend your BTT with confidence.

NOTE: All loans will resolve. Both lender and borrower have control of the loan. When the duration of the loan ends, both parties can finalize the loan with a simple button push. If both users ignore the loan, when the stake ends the loan will resolve regardless.