> For the complete documentation index, see [llms.txt](https://decuple.gitbook.io/faxen-whitepaper/llms.txt). Markdown versions of documentation pages are available by appending `.md` to page URLs; this page is available as [Markdown](https://decuple.gitbook.io/faxen-whitepaper/specifications/crypto-loan-system.md). # Crypto loan system At Faxen, we aim to develop a loan system allowing users who have staked a Decuple NFT to apply for a loan. The amount of allocated loan will be calculated based on various factors such as LTV, staking time left, the value of the NFT, the Fax token market cap, and other relevant criteria. Once approved, the loan will be paid to the user, with the staked NFT being frozen as collateral to secure the loan. We understand the importance of flexibility in such matters, so the specifications and criteria for each lending plan will be communicated to users and may change every quarter. Additionally, we recognize that users may wish to use third-party financial services. As such, we offer users an option to have their NFT frozen as collateral and held by Faxen as a third party. This will allow them to utilize partner platforms and access additional finance services. Our team will be working hard to ensure that the terms of our loan services and lending plans are fair, transparent, and flexible. We believe this loan system will be a valuable addition to the Faxen ecosystem and look forward to providing further details as they become available. --- # Agent Instructions This documentation is published with GitBook. GitBook is the documentation platform designed so that both humans and AI agents can read, navigate, and reason over technical content effectively. Learn more at gitbook.com. ## Querying This Documentation If you need additional information that is not directly available in this page, you can query the documentation dynamically by asking a question. Perform an HTTP GET request on the current page URL with the `ask` query parameter, and the optional `goal` query parameter: ``` GET https://decuple.gitbook.io/faxen-whitepaper/specifications/crypto-loan-system.md?ask=&goal= ``` `ask` is the immediate question: it should be specific, self-contained, and written in natural language. `goal` is optional and describes the broader end goal you are ultimately trying to accomplish on behalf of the user. GitBook uses it to tailor the answer towards what is most useful for that goal. The response will contain a direct answer to the question and relevant excerpts and sources from the documentation. Use this mechanism when the answer is not explicitly present in the current page, you need clarification or additional context, or you want to retrieve related documentation sections.