How is the interest rate calculated?

The interest rate is determined by the loan you choose via the Abra app. This will vary depending on the rate you choose and the length of time you choose to repay the loan.

Example: A user borrowing 10,000 TUSDT at a 5% interest rate and must reply within 12months. In 12 months, this loan will accrue about 41.67 TUSDT of interest per month.
This is calculated as:
5% interest/year * 10,000 TUSDT borrow amount * (1 year / 12 months)  = 41.67 TUSDT
5%/12 X10,000.00 = 41.67 TUSDT