C2C Loan Guide

How to Lend Out on Web side:

1. Login to your Huobi Global (https://www.huobi.com/en-us/), navigate to the menu on top and select【Wealth Management】->【C2C Lending】.

2. Available tokens for lending will show on the left side of the 【C2C Loan】page.

3. Upon selection of the token for lending, daily loan interest rates, amount (with the loan periods of 10, 20 and 30 days), user can click 【Loan】button, generating a Loan Order request as shown below: (If 【Automatic maker】 is turned on, the repaid assets will be automatically placed in order for others to borrow according to the original rules. The daily interest rate of the pending order is the same as before: the limit price remains unchanged, and the market price is based on the optimal coin interest rate.)

4. Upon successful submission of of Loan Order, users can view the status and records in 【Maker in process】 and 【Collection in progress】, and flexibly choose to turn on or off 【Automatic maker】. Only loan orders that are unfilled can be cancelled.

When【Automatic maker】 is turned on, the repaid assets will be automatically placed in order and the cycle and the daily interest rate are consistent with the initial order. The limit price remains unchanged, and the market price is based on the optimal coin interest rate.

For example: The loan amount of Annie who turned on 【Automatic maker】 was 2 BTC with the daily interest rate of 0.01% and the cycle of 10 days. When the borrower repaid 1 BTC on the 5th day in advance, the system will automatically create a loan order of 1 BTC with the daily interest rate of 0.01% and the cycle of 10 days for others to borrow. The borrower repaid the remaining 1 BTC on the 10th day. Then the system will continue to create a loan order of 1 BTC according to the original rule.

5. Once the counterparty has repaid the loan, the loan status will be updated under the 【Completed】section (note: the borrower retains the right to repay the loan in advanced, actual loan period depends on the repayment date).

How to Lend Out on App side:

1. Login to your Huobi App account, and click the navigation bar【Trade】, and find【Cross Margin】in the upper middle corner of the menu on top and select【C2C Lending】from the dropdown menu of【Lending】.

2. Upon selection of the token for lending, daily loan interest rates, amount (with the loan periods of 10, 20 and 30 days). If the rates are selected as 【Market】 (Current best rate), the system will take the average of the last 30 loan interest rates to place the order (the rate is accurate to 0.000001). User can click 【Loan】button, generating a Loan Order request as shown below: (If 【Automatic maker】 is turned on, the repaid assets will be automatically placed in order for others to borrow according to the original rules. The daily interest rate of the pending order is the same as before: the limit price remains unchanged, and the market price is based on the optimal coin interest rate.)

3. Upon successful submission of of Loan Order, users can view the status and records in 【Leading】 and 【Recieving】, and flexibly choose to turn on or off 【Automatic maker】. Only loan orders that are unfilled can be cancelled.

4. Note: the borrower retains the right to repay the loan in advanced, actual loan period depends on the repayment date.

FAQ

1. What is C2C Lending?
Users who have idle assets in their account can choose use C2C Lending Services and optimize his asset utilization by lending out his digital assets on a continuous basis.

2. How is interest computed?
Actual interest amount = loaned asset amount * hourly interest rate * loan period (1 – service fee ). Among them, the fee rate of platform service is 18%. Interest computation is on an hourly basis. Loan periods shorter than 1hour will be computed as 1hour. Borrower retains the right to repay the loan in advance. Actual loan period depends on the actual loan repayment date.

3. Daily Interest Rate
Customized daily interest rate options (range from 0.01%to 0.098%) are available, lender can select one depending on market conditions.