DLP - Demiourgos Lending Platform

Borrowing Payment Plan

At the Demiourgos Lending Platform, accessing USDC funds has never been more straightforward. Tailoring your borrowing experience to your unique needs is made seamless with the flexibility to select a Payment Plan that suits you, offering options for daily payments (up to 365 days) or monthly payments (up to 12 months). To further enhance your borrowing benefits, you also enjoy bonuses on your loan, contingent upon your completed Elite Account Tier.

Payment Rate

The Payment Plan incorporates key factors:

  • The Principal Amount [P] (the USDC amount received),

  • The Number of Repayment Intervals [n] (freely chosen between 1 and 365 for daily loans or between 1 and 12 for monthly loans),

  • The Resulted Interest Rate in decimal format [r].

These elements are utilized to calculate the Payment Amount per Payment Interval through the application of the Present Value Variant for the Annuity Formula:

Interest Rate

The Percentual Interest Rate is computed using the following formula:

The Decimal Interest Rate is the Percentual Interest Rate divided by 100.

Flexible Payment Options - The Repayment Interval

When opting for a loan, individuals have the flexibility to select between Daily Payments (spanning up to 365 days) or Monthly Payments (spanning up to 12 months). The Repayment Interval is determined by this choice, and their Elite Account Tier (DEB v1.0):

  • Daily Repayment Interval: Set at 24 hours, with an additional hour granted for each completed Elite Account Tier.

  • Monthly Repayment Interval: Fixed at 720 hours, with an extra 30 hours allocated for each completed Elite Account Tier.

In DEB 2.0 the following Minutes are added to each Payment Interval for the Daily Loan Type. For the Monthly loan time, the amount added is 30x.

STT1T2T3T4T5T6T7

nT0

0

nT1

0

ST1

0

65

125

185

245

305

380

ST2

10

70

130

190

250

310

400

ST3

20

80

140

200

260

320

420

ST4

30

90

150

210

270

330

440

ST5

40

100

160

220

280

340

460

ST6

50

110

170

230

290

350

480

ST7

60

120

180

240

300

360

500

Consequently, individuals with higher Elite Account Tiers enjoy a marginally extended repayment period, contributing to a more accommodating and tailored borrowing experience.

Exclusive Elite Period

The Elite Period is a distinctive phase that precedes the initiation of Repayment Intervals. During this interval, the loan remains free from interest accrual, allowing users the advantage of settling it entirely with zero interest. Subsequent to the conclusion of the Elite Period, the Repayment Intervals commence, marking the initiation of interest accumulation on the Principal.

The duration of the Elite Period is determined by the Elite Account Tier (7 hours per Elite Account Tier, in DEB v1.0). In DEB v2.0 the following Schema will be applied.

STT1T2T3T4T5T6T7

nT0

0

nT1

0

ST1

1

8

15

22

29

36

46

ST2

2

9

16

23

30

37

50

ST3

3

10

17

24

31

38

54

ST4

4

11

18

25

32

30

58

ST5

5

12

19

26

33

40

62

ST6

6

13

20

27

34

41

66

ST7

7

14

21

28

35

42

70

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