💰Borrowing Breakdown

1

Deposit veNFT

Once a veNFT is deposited the user is able to open a credit line.

2

Borrow against your rewards

Users are able to create a loan based on the average weekly rewards for veNFTs multiplied by X number of epochs. We call this the epoch multiplier and it represent the future max advance revenue a user can borrow. Currently, the multiplier is set to 8 epochs. As the protocol grows we plan to incrementally increase the epoch multiplier.

3

Repayment

40acres loans receive repaying on a weekly bases in line with the aerodrome and velodromes epoch cycle. Borrower are able to repay loans early at no additional cost to regain access to their collateral.