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Collateral Ratio

async collateralRatio()
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 authentication 
userRating:number – will be equal to 1 
loanAmount:number – will be the amount the user wants to borrow
underlying: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
  }
}
Validators
Credit Line
Last modified 1yr ago