Explain the rlUSD withdrawal issue to the guy involved in @TermMax
The mechanism of this project itself is fixed-rate borrowing and lending. Compared to floating-rate loans, the difference is the fixed term. That means when you borrow, you will have a clear deadline for repayment and a fixed interest rate
When the interest rate and time are set at the time of borrowing, it also means the interest is fixed. This is the特色 of this project
Now let’s talk about the rlUSD withdrawal issue—why you can’t withdraw it. The reason is that the market has already borrowed it up. But there’s no need to worry: for borrowers, if they don’t repay before the maturity date, they will be forced into the settlement process
The most recent maturity date is 2026-09-15. At that time, a large batch of repayments will come in, and then it can be withdrawn normally again #TermMax
The mechanism of this project itself is fixed-rate borrowing and lending. Compared to floating-rate loans, the difference is the fixed term. That means when you borrow, you will have a clear deadline for repayment and a fixed interest rate
When the interest rate and time are set at the time of borrowing, it also means the interest is fixed. This is the特色 of this project
Now let’s talk about the rlUSD withdrawal issue—why you can’t withdraw it. The reason is that the market has already borrowed it up. But there’s no need to worry: for borrowers, if they don’t repay before the maturity date, they will be forced into the settlement process
The most recent maturity date is 2026-09-15. At that time, a large batch of repayments will come in, and then it can be withdrawn normally again #TermMax