The maximum initial Loan-to-Value (LTV) ratio is the highest acceptable ratio of the debt (principal plus interest) to collateral when the borrowing order is submitted. For non-stablecoin pair loans, the maximum initial LTV ratio is 0.75, which means that the borrower can borrow up to where the debt is 75% of the value of the collateral. For the stablecoin pair's loan, the maximum LTV ratio is 0.9.

Thanks to the secure and efficient off-chain system and zkTrue-up, users do not pay gas fees for placing and canceling orders.

Step 1

Click "Primary Market" at the top of the page to begin.

Step 2

Choose the maturity date and order expiration time. Then, specify the maximum interest rate to pay, the collateral amount, and the borrowing amount. The system will automatically calculate the highest amount of tokens users can borrow.

Check the details before submitting the order.

Sign the transaction.

A message that says "Auction borrow request sent" will appear at the bottom right of the page if the transaction is successful.

Step 2

View the order history at the bottom of the page.

If the status shows "running," it means the order is still being processed. Notice that if the order were partially matched, it would still be marked as "running" and would continue to participate in the next round of auction.

If the status shows "completed," that means the order has been successfully matched. However, if the status shows "rejected," that means the order was not placed. Users may consider placing the order again.

If needed, users can also cancel their orders.

Transaction Status

Please use the "Explorer" function, which can be found under "More," to check each transaction's status.

The sequencer in zkTrue-up collects users’ transactions, batches them, and sends them to Ethereum. Therefore, users will need to wait for a specific period of time before they can observe their actions being reflected in the protocol. It is important to note that this number may be adjusted to accommodate various circumstances upon the launch of the mainnet.

To learn more about the rollup services and how transactions are handled and settled, please refer to the doc at

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