Hi! @yssuspro Welcome to the forum, and thanks for your question!
Here are the highlights:
Membership Fees:
- Club membership fees are split 80/20, with 80% going towards basic credit and 20% towards the shared credit reserve. The latter is converted to BTC and added to the shared reserve.
Credit Score Basics:
- Your score ranges from 250 (lowest) to 850 (highest), with everyone starting at 500.
How Your Score Changes:
- On-Time Payments: Pay on time, and your score goes up!
- Missed Payments: Miss a payment, and your score takes a hit.
The Role of Time in Scoring:
- Timely Repayments: Get the full boost to your score (current threshold is within 30 days of borrowing).
- Moderate Delays: You’ll see a smaller score increase when repaying past 30 days.
- Long Delays: Your score benefits less when repaying.
Calculating Borrowing Capacity:
- Your capacity is based on your score, boost factors, and other metrics to be determined. Higher scores and boost factors mean you can borrow more. The boost factor is 1 by default for everyone and serves as a multiplier.
Accessing Credit:
- Individual/Basic Credit: You can borrow up to 70% of the total stablecoin value accumulated here.
- Shared Credit: This works based on availability and is on a first-come, first-served basis. Borrowing from here reduces your score, which means you may have less to borrow next time. The total shared availability is based on 20% of the dollar value of BTC accumulated here.
Admin Adjustments:
- Admins can optionally update your credit score and boost factor, directly impacting your shared borrowing capacity.
Key Points to Remember:
- Each time you borrow, it impacts your score and future borrowing capacity.
We have further info in our docs: