Collateral Ratio
Collateral Ratio will calculate the collateral percentage for the loan request that the user will want to create.
token:string
– is the token you will get from the authenticationuserRating:number
– will be equal to 1loanAmount:number
– will be the amount the user wants to borrowunderlying:string
– will be the symbol of asset that the user will want to borrow (ex: Ethereum – “ETH” ; Basic Authentication Token – “BAT”)validity:date
– will be the current date + 3 days toISOString().loanTerm:number
– will be the duration of the loan.collateral:string
– will be the symbol of collateral (ex: Basic Authentication Token – “BAT”).
const response = await this.newBorrowingService.getCollateral({
token, userRating: 1, loanAmount, underlying, validity,
loanTerm, collateral
})
This is an example of the successful
response
object of this function:{
"status" : "Success",
"data" : {
"collateralRatio": 128.71
}
}
Last modified 1yr ago