📜Borrow Policy

The xMoon Borrow Policy details the rules and regulations governing the borrowing feature within the xMoon platform. By using this feature, users agree to adhere to the conditions specified in this policy.

Accepted Collateral: xMoon accepts only ETH as collateral for borrowing $XMOON tokens. Users who wish to borrow must provide ETH as collateral to initiate the loan process.

Collateralization Ratio: Users must collateralize their ETH assets at a ratio of 115%. This means the ETHBTC collateral value must be at least 115% of the value of the borrowed $XMOON tokens. If the collateral's value significantly declines, it could trigger liquidation.

Interest Rate: The interest rate for borrowing $XMOON against ETH collateral is 0%. xMoon does not charge any interest on borrowed amounts.

Borrowing Limits: Borrowing limits are based on the value of the collateral and the required collateralization ratio. Users must stay informed about their limits and adjust their collateral as needed.

Liquidation: If the collateralization ratio falls below the required level, xMoon may liquidate the collateral to recover the outstanding borrowed amount. Users will receive notification before any liquidation occurs, allowing them a chance to address the situation.

Repayment: Borrowed $XMOON tokens must be repaid within the specified timeframe. Users are responsible for monitoring their loans and ensuring timely repayment to prevent potential liquidation or other consequences.

Amendments: xMoon may modify this Borrow Policy at any time. Changes will be effective immediately upon posting on the xMoon platform. Users should review this policy regularly for updates.

Risks and Responsibilities: Users acknowledge the risks associated with borrowing activities and accept responsibility for their decisions. It is important for users to evaluate their financial situation carefully before engaging in borrowing against ETH collateral.

Contact Information: For any questions or concerns regarding the xMoon Borrow Policy, please contact us at [e-mail]