Lending and Borrowing
This provides a unique flexibility to players seeking in-game growth without sacrificing assets.
The Borrow $EKOC feature lets you leverage your SOL as collateral to gain $EKOC tokens without selling your holdings.
How to Borrow $EKOC Tokens:
Access the Borrowing Feature: Open the Map and select "Borrow $EKOC" to redirect to the DEX Site.
Set Up Collateral: Log in using your game credentials and enter the amount of SOL you wish to collateralize. The system calculates the maximum $EKOC you can borrow.
Review and Confirm: Check all details and click "Confirm". Your wallet will request transaction approval.
Sign and Process: Sign the transaction. Once processed on-chain, your $EKOC tokens are ready in your in-game wallet.
Borrowing Mechanism:
Use SOL as Collateral: Lock your SOL to access additional $EKOC resources.
Borrow Limit: Borrow up to a set percentage of your SOL's value to maintain balance.
Repay $EKOC: Unlock your SOL by repaying borrowed $EKOC tokens, restoring full control of your assets.
Liquidation Note
In Coke Pets, liquidation ensures platform stability and protects all participants.
$SOL Liquidation: If your $SOL collateral is liquidated, it will be injected into the $EKOC LP pool to maintain ecosystem liquidity.
Collateralization Ratio: This ratio measures the value of your collateral assets against borrowed assets.
Liquidation Trigger: If market fluctuations cause the collateralization ratio to drop, making your collateral value equal to or less than the borrowed amount, the platform may liquidate your collateral to cover the loan.
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