Depositing Collateral
Kaleido requires borrowers to deposit collateral to secure their loans. The collateral ensures the lender’s protection in case of non-repayment.
Supported Collateral: Currently,Abstract Testnet ETH and USDC are the only supported collateral on the Abstract testnet.
Collateral Deposit Process: After creating a borrow order, deposit the required collateral via your Smart Wallet. The platform will automatically calculate the loan-to-value (LTV) ratio, allowing you to borrow up to 80% of the value of your deposited collateral.
Last updated