❓FAQs

General

What is Portal Finance?

Portal Finance is a native lending money market on SOON, to empower the cross-chain assets by increase the utilization.

How do I interact with Portal Finance?

You can interact with Portal Finance through our user-friendly web interface. Simply connect your digital wallet, and you'll be able to supply assets, borrow assets, manage your positions, and view real-time data. You can refer to xx for full guide.

Why build on SOON?

SOON network provides Portal Finance a scalable, efficient, and secure foundation. Its advanced architecture allows for faster transaction speeds and lower fees, creating a smoother experience for our users.

What is the vision of Portal Finance?

Our vision is simple: to make cross-chain DeFi experiences as seamless, accessible, and trustworthy as possible. We want to empower users with more options and control over their financial future.

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Supplying

How do I supply assets to Portal Finance?

To supply assets, connect your wallet to the Portal Finance, select the asset you wish to supply, and specify the amount. After confirming the transaction with your wallet, your assets will be added to the lending pool.

Are there limitations to supply?

Supply limits depend on the specific asset and the overall market conditions. There might be caps to ensure healthy utilization rates and manage the overall risk profile of the platform.

How do I withdraw my supplied assets?

You can withdraw your supplied assets at any time, subject to available liquidity in the pool. Simply select the asset you wish to withdraw and specify the amount. After confirming the transaction, the assets will be returned to your wallet.

Why sometimes I cannot fully withdraw my supply amount?

You might not be able to fully withdraw your supply if the asset is highly utilized (meaning most of it is currently being borrowed). You'll need to wait for borrowers to repay their loans or for more users to supply that asset.

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Borrowing

How do I borrow assets on Portal Finance?

To borrow, connect your wallet, select the asset you wish to borrow, and specify the amount. The amount you can borrow depends on the value of the collateral you have supplied and the collateral factor of the borrowed asset.

How much can I borrow?

The amount you can borrow is determined by the collateral factor of the asset you are borrowing and the value of the assets you have supplied as collateral. The collateral factor represents the maximum loan-to-value ratio allowed for that asset.

Why would I borrow instead of selling my assets?

Borrowing allows you to access liquidity without selling your assets. This can be useful if you anticipate your assets appreciating in value or if you need funds for a short period.

How do I repay my borrow position?

To repay, connect your wallet, select the asset you borrowed, and specify the amount you wish to repay. After confirming the transaction, the borrowed amount (plus any accrued interest) will be deducted.

How much would I pay in interest?

The interest rate you pay on your borrowed assets depends on the utilization rate of the asset and the market demand. The interest rate is variable and adjusts in real-time based on these factors.

Is there any fee for borrowing?

Portal Finance may charge a small fee on borrowing. Any applicable fees will be clearly displayed before you confirm the transaction.