❓FAQ

General Questions

Q: What makes KlikLend secure compared to other lending protocols? A: KlikLend exclusively supports non-ruggable tokens that are Klik.Finance verified. This eliminates rug pull risks and ensures all lending activities occur on secure, reliable tokens with proven contract integrity.

Q: What tokens can I lend or borrow? A: Only Klik.Finance verified, non-ruggable tokens are accepted on the platform. Look for the "Klik Verified" badge. These tokens have been thoroughly vetted for security and cannot be manipulated by malicious developers.

Q: What collateral do I need to borrow? A: USDC is used as collateral for all borrowing activities on KlikLend.

Q: How are interest rates determined? A: Lenders set their own interest rates when creating markets. Rates are competitive and market-driven.

Creating Markets

Q: Can I modify my market after creation? A: Market parameters are typically fixed once created. You may need to create a new market for different terms.

Q: What happens if no one borrows from my market? A: Your tokens remain available in the market. You can potentially withdraw them according to the platform's terms.

Borrowing

Q: How much collateral do I need? A: Collateral requirements depend on the token price and the platform's collateralization ratio requirements.

Q: What happens if I don't repay my loan? A: Insufficient collateral may result in liquidation of your collateral to repay the borrowed amount.

Technical Support

Q: Which wallets are supported? A: Any Web3 wallet compatible with Ethereum should work with KlikLend (MetaMask, WalletConnect, etc.).

Q: How do I get USDC on Ethereum? A: You can acquire USDC through major exchanges, DEXs like Uniswap, or by bridging from other networks.

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This documentation is for KlikLend, a decentralized lending protocol built on Ethereum using the Klik.finance platform. Always ensure you understand the risks involved in DeFi lending and borrowing before participating.