- BUSD Lending

Users can deposit BUSD to get ibBUSD in hand!

💡Deposit BUSD To Get ibBUSD

ibBUSD can be calculated by;

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

$${Number}\space{of}\space{Token}=\frac{{Deposit}\space{Amount}*{Total}\space{Token}}{{Total}\space{Liquidity}}$$

• CASE 2 : (Total BUSD - Deposit Amount) ≤ 0

$${Number}\space{of}\space{Token}={Deposit}\space{Amount}$$

*Total Liquidity = Total BUSD Deposited + Cumulative Borrow Interest

Total ibBUSD token is set based on the first user who deposits this asset. For example, if Bob is the first user who deposits 1,000 BUSD, then the total ibBUSD token starts with 1,000 ibBUSD. If Alice then adds 100 BUSD then the total liquidity will be 1,100 BUSD, then Alice gets 90.90 ibBUSD (100 * 1,000 / 1,100).

💡Withdraw ibBUSD to get BUSD

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

$${Withdrawal}\space{Share}=\frac{{Withdrawal}\space{Amount}*{Total}\space{Token}}{{Total}\space {Liquidity}}$$

📎Total BUSD Deposited (Total Supply)

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

$$TotalLiquidity = TotalAvailableLiquidity+TotalBorrows$$

📎Total 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.

📎Current ibBUSD APR

Can be calculated from the following equation

$${ibBUSD}\space{APR} = \frac{{Borrow}\space{Interest}*Utilization}{100}$$