Interest Rates

An explanation of interest rates applied to the borrowing periods available on the mefi dapp.

The aforementioned Borrowing Periods come with the following interest rates:

• 12-hour and 2-day periods - 4% interest rate

• 24-hour and 4-day periods - 7% interest rate

As mentioned in Dapp, the UI will indicate how much time is left on your borrowing period, as well as the total amount owed (including interest).

$mefi token holders are not required to pay any interest on the borrowed ETH. The smart contract automatically detects if a connected wallet holds the $mefi token.