Fees (Loan Origination Fee & Distribution)
A loan origination fee is charged on NFTY Finance when a loan is issued, and it's shared among various stakeholders as follows:
NFTY Token Holders
The loan origination fee is broken down into a few parts upon being executed which you can find below:
10% of the loan origination fee goes directly to the lender
30% of the loan origination fee is held with the loan and goes to the borrower once they have paid back their loan (Note: If the borrower does not pay back their loan, then the NFTY Finance platform receives the 30% noted here instead)
60% of the loan origination fee goes directly to the NFTY Finance platform
Last updated