UEEx Loans Introduction

Dear UEEx users, UEEx is excited to officially announce the upcoming launch of our collateralized lending service, which will include USDT, BTC, and ETH as supported assets. Below is an introduction to collateralized lending. If you have any further questions, please feel free to reach out to UEEx official customer support!

1. Requirements for Collateralized Borrowing

Collateralized borrowing allows platform users to use specified digital assets as collateral to obtain other assets they need. This service is currently available to platform users who have completed real-name authentication, and borrowed assets will be credited instantly.

2. Supported Collateral Assets

You can borrow various digital assets, including USDT, BTC, ETH, and more. Please refer to the borrowing product page for specific details.

3. Which Digital Assets Can Be Used as Collateral?

Multiple digital assets can be used as collateral, including BTC, ETH, and more. Please refer to the borrowing product page for specific details.

4. What Are the Borrowing Term Options?

Currently, you can borrow for varying terms.

5. How Is Borrowing Interest Calculated?

Borrowing interest is calculated on a daily basis, with less than a full day counted as one day. The interest is calculated as: Interest = Borrowed Assets × Daily Interest Rate × Borrowing Days.

6. How Can Interest and Principal Be Repaid?

You can manually repay interest and principal on the order page, with interest being repaid first, followed by principal.

7. Can Loans Be Repaid Early?

Yes, early repayment is supported, and interest is charged based on the actual number of days used.

8. What Is the Loan-to-Value (LTV) Ratio?

The LTV ratio represents the ratio of the borrowing asset value to the collateral digital asset value, calculated using index prices. Different collateral assets may have different initial LTV ratios, which determine the initial borrowing amount.

9. What Happens If the LTV Ratio Is Too High?

If the LTV ratio is higher than the liquidation LTV ratio, the platform will notify you to add collateral or repay the loan. If the LTV ratio is higher than the forced liquidation LTV ratio, the platform will liquidate your collateral assets to repay the loan. In case of extreme price volatility where forced liquidation is not possible or does not cover the loan and related interest, or if it results in other losses for the platform, the platform reserves the right to continue seeking repayment from you or deduct the corresponding assets from your coin account to cover the outstanding loan principal and fees or compensate for other platform losses.

10. Service Fees

Service fees are only incurred during forced liquidation settlements or when using collateral assets for repayment. The system will convert collateral assets to the loan currency at market prices to repay the loan and interest, and 10% of the remaining amount will be charged as a settlement service fee. Please replenish collateral assets promptly to avoid forced liquidation settlements.

11. How Can Collateral Be Adjusted?

You can adjust collateral on the order page and supplement collateral at any time. When your LTV ratio falls below the initial loan-to-value ratio, you can transfer excess collateral assets.

12. Can Borrowed Assets Be Used for Spot, Leverage, Contracts, or Withdrawals?

Yes, the borrowed digital assets can be used for spot, leverage, contract trading within the platform, and withdrawals. UEEx reserves the right to modify, change, or cancel this announcement at any time for any reason without prior notice.

The final interpretation right belongs to UEEx official.