Renews at 50% LTV or lower
The next term starts and its interest joins the debt. Nothing to sign.
USDC loans against your staked NEAR
Borrow dollars for 7 to 30 days. Your NEAR stays staked with your own validator, and the price is checked only when a term starts or renews.
NEAR
You receive
1,045.60
USDC
USDC- Interest, paid up front
- 8.40 USDC
- Next price read
- Sat 12 Dec
Example price $3.62 a NEAR
Your NEAR stays staked with your validator
Each loan opens a vault account of its own. The vault stakes your NEAR with any validator on the lockup whitelist and hands the account back when you repay.
- One vault per loan, with no upgrade method
- Native stakers unstake once, about 28 hours
- Rewards keep accruing in your vault
A dip during a term can't sell your NEAR. The price is read when a term starts and when it renews.
A one-day dip during a loan term
Liquidation-line lenderSells your collateral at the low, at a discount.
AnkoraReads no price until renewal. 60–68% of backtested liquidations came on a day like this.1
At renewal, one of 3 things happens
Pay down within 72 hours
Above 50%, you get notice to repay part of the loan in USDC. No late fee.
Auction after 48 hours' grace
A 24-hour auction falls from 100% to 50% of the price. Any surplus is yours.
Questions before you borrow
What if NEAR falls during a loan term?
Nothing happens until renewal. The price is read only when a term starts or renews.
Does the loan vault keep my validator?
Yes. Your loan's vault stakes with any validator on the lockup whitelist, yours included.
Where does the NEAR price come from?
Pyth Pro prices via Rhea's aggregate oracle. On testnet a relay run by the team copies it into the pool.
What can a lender lose in Ankora?
First-loss can lose everything in a crash. Fixed loses once First-loss is gone.
Has the Ankora contract been audited?
No. This is a NEAR testnet build, and the pool contract can still be upgraded by its deployer.
Lend USDC in one of 2 layers
Borrowers' interest pays both. Ankora keeps 5% of it.
Earn a fixed 6.5% in the Fixed tranche
Earns a fixed 6.5% a year. Loses money only once every First-loss deposit is gone.
Take first losses for a variable rate
Takes losses first and keeps what the pool earns above Fixed. Can lose everything. Locked 36 days.