General

Q1: What is MortgageFi? A: MortgageFi is a decentralized finance (DeFi) protocol that offers under-collateralized loans for digital assets, high-yield earning opportunities, and unique benefits for token projects.

Q2: How is MortgageFi different from other DeFi lending platforms? A: MortgageFi stands out by offering loans with as little as 2% collateral, fixed USD repayments, loan terms up to 30 years, and the ability to borrow any supported ERC20 token.

Q3: Is there a MortgageFi token? A: Not at present.

Q4: How much can I mortgage? A: You can borrow up to 50 times the value of your collateral, depending on the specific terms of the vault you're borrowing from.

Q5: What cryptocurrencies can I borrow? A: MortgageFi supports a wide range of ERC20 tokens. Check the "Supported Tokens" list in the app for the current offerings.

Q6: How long are the loan terms? A: Loan terms can range from 1 to 30 years, offering flexibility to suit your long-term investment strategy. Q7: How many days do I have to repay my mortgage? A: Payments are due within 45 days from when you last settled the outstanding amount. Each time you pay the outstanding amount shown in your dashboard a 45 day timer restarts. The amount you are due to pay increases linearly throughout the 45 day period.

Q8: What happens if I can't make a payment? A: If you miss a payment, your loan will be considered in default, and your collateral may be liquidated to repay the loan.

Q9: How much can I earn by providing liquidity? A: Liquidity providers can earn up to 100% APY, depending on market conditions and borrowing demand.

Q10: How does the rebasing mechanism work for earnings? A: The rebasing mechanism automatically increases the number of tokens you hold in the earning vault, reflecting your earned interest without the need for manual claims.

Q11: Can I withdraw my funds at any time? A: Yes, you can withdraw your deposited funds and earnings at any time, subject to available liquidity in the vault.

Q12: Has MortgageFi been audited? A: Yes. You can find the latest audit reports in the Audits section of our documentation. MortgageFi employs multiple security measures and failsafes through its smart contract design.

Q13: Is MortgageFi dependent on oracles? A: No, MortgageFi does not rely on external price oracles, which reduces potential points of failure and manipulation.

Q14: Which blockchains does MortgageFi support? A: MortgageFi is launching on Ethereum and Base, with plans to expand to other EVM-compatible chains in the future.

Q15: Can I use MortgageFi with a hardware wallet? A: Yes, MortgageFi supports various wallet connections, including hardware wallets for enhanced security.

Q16: How are gas fees handled? A: Users are responsible for paying gas fees for their transactions. The exact cost will depend on the network congestion and the complexity of the transaction.

Q17: How can token projects benefit from MortgageFi? A: Token projects can create dedicated vaults on MortgageFi, which can act as a "token sink," enhancing token utility and potentially managing circulating supply.

Q18: How can a token project integrate with MortgageFi? A: Token projects interested in integration should reach out to the MortgageFi team through our official channels for discussion and potential partnership. Q19: Is there a minimum size mortgage and deposit I can take in the cbBTC vault? A: 1000 Satoshis is the minimum sized mortgage you can take which will require a deposit of 2000 Satoshis. If you're wondering why the deposit is larger than the loan itself, the system needs to deter users from spamming new mortgage contracts then defaulting on them with no financial consequence. The deposit creates an incentive not to do this since they will lose the value of the deposit upon defaulting their loan.