Calculating the interest

The interest paid by the borrower for a loan on a tier 1 NFT is 1.25% of the loan plus 0.125% per day of the selected loan period.

The interest received by the lender for a loan on a tier 1 NFT is 0.75% of the loan plus 0.075% per day of the selected loan period. On a tier 1 NFT the protocol receives 0.5% of the loan plus 0.05% per day of the selected loan period. The protocol shares half of those proceeds with the community through buying and distributing ART and sends the other half to the protocol treasury.

For a tier 2 NFT, multiply all interest by 1.5

For a tier 3 NFT, multiply all interest by 2