Honey Finance
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  • 👋Welcome to Honey
  • 🎓Learn
    • DeFi lending
    • Risks
  • Lending protocol
    • Overview
    • Borrowing
      • Bulk loan
    • Lending
    • Fees
    • Liquidations
    • Lending pool admins
      • Pool creation
    • Interest Rates
      • Protocol math (Solana)
        • Low risk model
        • Default risk model
        • High risk model
      • Protocol math (Ethereum)
    • Risk
      • Security
      • Risk Methodology
      • Protocol risks
  • Honey P2P
    • Overview
    • Borrowing
    • Lending
    • Refinancing
    • Protocol fees
  • Tokenomics
    • HONEY
    • veHONEY
    • pHONEY (old)
    • Genesis NFTs
      • Liquidity Mining
      • Alpha program
      • NFT vs Token benefits
  • About Us
    • Whitepaper
    • Developers
    • Roadmap
    • Branding
  • Tutorials
    • Tutorials
      • Create a market
      • Create a loan
      • Repay a loan
      • (OLD) pHONEY conversion tutorial
      • (OLD) pHONEY locking tutorial
    • Support
  • FAQ
    • FAQ
      • Farms FAQ
      • Genesis Bee NFT FAQ
      • Peer-to-Peer FAQ
      • Lending & Borrowing FAQ
  • LINKS
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    • Farm addresses
  • Legal
    • FAQ Legal Questions
    • Terms and Conditions
    • NFT sale disclaimer
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Lending & Borrowing FAQ

Frequently asked questions about lending and borrowing

What is the grace period on Honey loans ?

Honey loans do not include any grace period for the borrower. If loans are not repaid in time, the borrower will be immediately liquidated.

This is to protect the solvency of lending markets, ensuring that lenders always have ready access to the liquidity they deposit in the protocol.

The Honey DAO and its token holders do not take any of the risk at any moment during the loan, and simply serve to match lenders with borrowers, thus they do not hold on to collateral or risk during grace periods.

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Last updated 2 years ago