Start

1.1. Approve the Contract

In the DAI section, click the "Approve" button. This will approve the Zero Collateral contract to use DAI on your behalf.

Lend

2.1. Lend DAI

In the Lend section, enter the amount of DAI to lend and click the "Lend" button. This will deposit DAI into the smart contract and return you with ezDAI.

2.2. Withdraw DAI

In the Lend section, enter the amount of DAI to withdraw and click the "Withdraw" button. This will withdraw DAI from the smart contract and burn your outstanding ezDAI.

2.3. Redeem Interest

In the Redeem section, if the redeemable interest is above 0 DAI, click the "Redeem" button. This will withdraw DAI from the redemption pool and send it to your wallet.

Borrow

3.1. Get Collateral Needed

In the Borrow section, enter the amount to borrow. The Collateral Needed will be shown in the text below.

3.2. Deposit Collateral Needed

In the Collateral section, enter the amount of DAI collateral to deposit and click the "Deposit" button.

- Redeemable collateral can be deposited freely and withdrawn following loan payback, but will not lower loan interest rate.

- Non-Redeemable collateral CAN NOT be withdrawn, but will lower loan interest rate as low as 4%.

- Interest Rate = 12% - (8% * ((Non-Redeemable Collateral + Interest Paid) / Borrow Amount) )

3.3. Create Borrow

In the Borrow section, enter the amount of DAI to borrow and click the "Borrow" button. You will now be borrowing DAI!

3.4. Repay Borrow

In the Borrow section, enter the amount of DAI to repay (amount shown under "Outstanding" as OWED) and click the "Payback" button. You will now close the borrow, and be alloted a lower collateral needed amount.

3.5. Withdraw Collateral

In the Collateral section, enter the amount of DAI collateral to withdraw and click the "Withdraw" button.