We are very happy to announce that the lending system has just been updated.
This major update will allow you to better control your lending money in our platform.
From now on, when you make a lending package, you will be able to end it anytime you want, after the first 14 days, before the official release date.
How does it work?
Very simple. There is a button RELEASE next to each lending package. Click on it to open the release pop-up window in which you will see all details regarding your lending package. Enter your password and click on the checkbox ‘I have read and agree to the Terms and Conditions’. Finally, click on the Confirm button and it’s done.
What are the conditions to end a lending package.
When you prematurely end a lending package, you will get back your initial capital. You only have to reimburse the interest you already received in the first month and 50% of the interest from the second month.
Example 1: you’ve got a $1000 in lending, after 15 days you already received $100 interest. If you decide to end this lending package in the 16th day, you will reimburse $150 to get back $1000.
Example: you’ve got a $1000 in lending, after 40 days you already received $400 interest ($300 in the first month and $100 in the second month). If you decide to end this lending package in the 41st day, you will reimburse $350 ($300 + 50% x $100) to get back $1000.
In addition, there is a small processing fee of 2.9%.
This update will not impact existing lending packages.
Of course, it’s up to you to take advantage of this new, amazing feature. Only you will decide how to invest your money!
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https://davor.io/Account/Registration?r=C9D356
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Wow, this is huge. I like this idea but i'm curious to see how this will affect the sustainability of the platform. Regardless, this definitely sets Davor apart from every other lending platform that exists/has existed.
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