- BTCB Lending

Users can deposit BTCB to get ibBTCB in hand!

šŸ’”Deposit BTCB To Get ibBTCB

ibBTCB can be calculated by;

  • CASE 1 : (Total BTCB Deposit Amount) > 0

NumberĀ ofĀ Token=DepositĀ Amountāˆ—TotalĀ TokenTotalĀ Liquidity{Number}\space{of}\space{Token}=\frac{{Deposit}\space{Amount}*{Total}\space{Token}}{{Total}\space{Liquidity}}
  • CASE 2 : (Total BTCB - Deposit Amount) ≤ 0

NumberĀ ofĀ Token=DepositĀ Amount{Number}\space{of}\space{Token}={Deposit}\space{Amount}

*Total Liquidity = Total BTCB Deposited + Cumulative Borrow Interest

Total ibBTCB token is set based on the first user who deposits this asset. For example, if Bob is the first user who deposits 1 BTCB, then the total ibBTCB token starts with 1 ibBTCB. If Alice then adds 0.5 BTCB then the total liquidity will be 1.5 BTCB, then Alice gets 0.33 ibBTCB (0.5 * 1 / 1.5).

šŸ’”Withdraw ibBTCB to get BTCB

The number of withdrawal share that can be calculated from the following equation;

WithdrawalĀ Share=WithdrawalĀ Amountāˆ—TotalĀ TokenTotalĀ Liquidity{Withdrawal}\space{Share}=\frac{{Withdrawal}\space{Amount}*{Total}\space{Token}}{{Total}\space {Liquidity}}

šŸ“ŽTotal BTCB Deposited (Total Supply)

Can be called 'Total Liquidity', the total amount of liquidity in each asset pool, calculated as

TotalLiquidity=TotalAvailableLiquidity+TotalBorrowsTotalLiquidity = TotalAvailableLiquidity+TotalBorrows

šŸ“ŽTotal Debt Issued (Total Borrowing)

Can be called 'Total Borrow Shares', the total number of shares of Total Borrow for an asset, while Total Borrows are the sum of the total borrowed amount and accumulated borrow interest of an asset.

šŸ“ŽCurrent ibBTCB APR

Can be calculated from the following equation

ibBTCBĀ APR=BorrowĀ Interestāˆ—Utilization100{ibBTCB}\space{APR} = \frac{{Borrow}\space{Interest}*Utilization}{100}

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