You actually step in the TomoChain world. Welcome
Regarding your question, I have 2 options for you
1. Staking TOMO as a staker OR a masternode.
Lending on TomoDEX
At the moment, you can deposit BTC, ETH and TOMO as collateral via TomoBridge - the cross-chain portal.
- Borrow USDT against TOMO, ETH and BTC
- Borrow TOMO against ETH and BTC (not USDT)
Collateral Deposit Rate: 150% of the total loan value.
For example: If a user wants to borrow 1000 USDT against BTC and the BTC price is 7,500 USDT, the user must deposit = 1,000 * 150% / 7,500 = 0.2 BTC
Liquidation Rate: 110% of the total loan amount .
This means that the collateral will be automatically liquidated and released to the Lender’s Address if its market value falls to 110 % of the loan value.
Hope you find it helpful. Cheers,