collector

at what cost

The collector plugin determines what a borrower owes their lender. It dictates both the payment asset type and the amount owed. The cost must be assessed in ETH or an ERC20.

We leave the calculation of cost up to the deployer and users of each collector plugin. Perhaps it is a percentage of the profit a borrower earned, a flat fee, simple interest, their wallet balance, the ETH equivalent of one gram of gold, the current floor price of CryptoDickButts, or everything together. Truly the choice is up to the users.

Examples:

• Fixed Fee

• Utilization Based Interest Rate

• Aave USDC Interest Rate

• Zero Interest, Profit Share