> For the complete documentation index, see [llms.txt](https://docs-rade.rariti.io/llms.txt). Markdown versions of documentation pages are available by appending `.md` to page URLs; this page is available as [Markdown](https://docs-rade.rariti.io/platform/faqs.md).

# FAQs

<details>

<summary>Is interest really 0% in RADE's borrowing service? </summary>

Yes, absolutely. 0% interest. Ever!

</details>

<details>

<summary>If Yes, what's the catch?</summary>

The catch is that, RADE protocol charges the borrower 1-5% on the loan amount - called as the borrowing fees which is a one time fee. This fees is calculated depending upon the payment term and the loan term selected by the borrower before loan is issued.

No further interest is charged on the loan. RADE works on a cost plus financing model.

<br>

</details>

<details>

<summary>Can any other cryptocurrency other than ETH be pledge as collateral?</summary>

Currently No. However, once we go in to phase two, RADE protocol will be able to accept other established cryptocurrencies which can be pledged as collateral.&#x20;

</details>

<details>

<summary>Does RADE have its own native token? What is its function?</summary>

Yes, the RADE token. It is the native platform token for the DeFi ecosystem at Rariti - RADE (consequentially, the platform has the same name as the native token). RADE is a standard issue ERC-1155 token with governance capabilities for the platform included. RADE plays a critical part of the ecosystem ensuring the value proposition for investors, and daily users alike.

</details>


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