Fixed Pool Lending

I got an error when building the loan liquidation.

1. ^{What does “Transaction is outside of its validity interval. Please try again.” mean?}

   ^{The epoch duration on testnet is shorter than on mainnet. If your transaction was built during the transition between epochs, it may be considered "outside of range." Please try again in a few minutes.}

2. ^{What does “Evaluate Failed: Someone just swiped your UTXO! Hurry up & retry before it happens again!” mean ?}

   ^{This means someone else has already completed the transaction you were trying to perform (e.g., a liquidation), and they got there first. Please reload the loan list and try again with a different loan}

3. ^{I got “Evaluate Failed: Someone just swiped your UTXO!” and it keeps happening even after trying other loans — what should I do?}

   ^{This issue might be caused by your wallet extension not syncing properly. Try the following steps:}

   Step 1: Disconnect your wallet from Danogo Step 2: Open your wallet extension and refresh or sync the wallet (e.g., in Eternl, click the refresh icon to resync UTXOs) Step 3: Reconnect your wallet to Danogo Step 4: Try the liquidation again This usually resolves UTXO desync errors caused by wallet extensions.

What does “Evaluate Failed: Not enough tokens to liquidate” mean?

This means your wallet doesn’t have enough tokens required to perform a liquidation. Please faucet more tokens at: https://preview.danogo.io/testnet-faucet

Note: You can only faucet once every 24 hours. If you’ve hit the limit, consider using a different wallet to faucet and send tokens to your current test wallet.

What does “Evaluate Failed: Loan was liquidated” mean?

This message appears when multiple users try to liquidate the same loan at the same time, but someone else has completed the action before you.

The loan has already been liquidated by another user. Please reload the loan list and try again with a different loan

Why do I see “User declined to sign the transaction” when using the Eternl wallet?

This issue may occur because Eternl (version v2.0.5.6) sometimes opens the signing tab in a new browser window, which can lead to errors or failed signing.

To avoid this issue, we recommend switching to the Lace wallet for a smoother experience.

Note: If you use a new wallet with a different address from your original one, don’t forget to re-register your new wallet using [this form].

This ensures we can accurately track your testnet progress and rewards.

When I try to liquidate, it just keeps loading and the wallet signing popup never appears, what should I do?

This issue is commonly reported when using Eternl wallet version v2.0.5.6. The transaction appears to be stuck at the loading stage, and the signing window never shows up

To avoid this issue, we recommend switching to the Lace wallet for a smoother experience.

Note: If you use a new wallet with a different address from your original one, don’t forget to re-register your new wallet using [this form].

This ensures we can accurately track your testnet progress and rewards.

How can I liquidate a loan?

When a loan becomes overdue or its Health Factor is less than or equal to 1, it becomes eligible for liquidation. Liquidation helps protect the lender’s funds by repaying the loan using the borrower’s collateral.

Step 1: Access the Loan Liquidation List

• Go to the Fixed Rate Lending menu

• Select Loan Liquidation

• You'll see a list of loans eligible for liquidation

Step 2: Select a Loan to Liquidate

• Review the list and choose a loan you want to liquidate

• Click the Liquidate button

Step 3: Sign to Confirm

• A wallet pop-up will appear

• Sign the transaction to complete the liquidation

How can I create a fixed-rate loan?

Step 1: Choose a Token to Borrow Once your wallet is connected, you will be directed to the Loan Creation screen.

• Select the token you want to borrow from the available list.

Step 2: Choose Collateral Token, Fixed Rate, and Loan Duration

• Select the Collateral Token you will use to back your loan. Choose the Loan Duration from the available options.

• Based on your selected collateral and duration, choose a corresponding Fixed Interest Rate.

Step 3: Enter the Borrow Amount

• Enter the amount of tokens you wish to borrow.

• Make sure it does not exceed the pool’s available liquidity.

Step 4: Adjust Health Factor (HF)

• Set your desired Health Factor, which affects how much collateral is required.A higher HF = lower liquidation risk.

• The required collateral will be auto-calculated based on your HF. You cannot manually increase collateral beyond what is required for the selected HF.

Step 5: Confirm and Sign

• Click the Borrow button Sign the transaction in your wallet to confirm and create the loan

How can I top up my loan?

Topping up your loan allows you to increase your collateral to maintain a safe Health Factor and avoid liquidation.

Step 1: Go to My Account

• Navigate to the Fixed Rate Lending menu

• Select My Account from the options

Step 2: Select the Loan to Top Up

• In your account dashboard, locate the loan you want to modify

• Choose the one with a low Health Factor (HF) that needs adjustment

Step 3: Add Collateral

• You can add more collateral, but you cannot remove existing collateral

• Select the collateral token and enter the amount you want to add

Step 4: Review HF and Collateral Value

• After entering the top-up amount, review the updated Health Factor and total collateral value

• Ensure the new HF is within a safe range to avoid liquidation

Step 5: Sign to Confirm

• Click Top Up

• Sign the transaction in your wallet to confirm and apply the changes

If I use ADA as collateral, will I still receive staking rewards?

Yes! If you use ADA as collateral, you still:

• Receive staking rewards as usual

• Retain your voting rights in Cardano governance