Dear Nami Community,

In order to provide more financial service products to serve a variety of user
needs, Nami Exchange has officially provided Nami Lending l

&nbsp; (The Nami Lending product on the Nami app is currently under development. In the meantime, users can continue to use Nami Lending on the Nami website to experience the full range of features.) What is Nami Lending? Nami Lending is a financial product that gives users the option to borrow digital assets using another asset as collateral. Borrowed assets can be used to trade on the market or withdrawn from the exchange to serve a variety of user purposes. The list of assets to support collateral and loans and their correspondent interest rate depends on Nami Exchange's designation from time to time. The amount of assets that can be borrowed depends on the value of the collateral, based on the LTV (loan-to-value) index - percentage between loan value and collateral value Steps to create a loan with Nami Lending The following is a preliminary description of the steps to complete loan registration with Nami Lending. For detailed instructions, please see below the article: Open the Nami Lending interface Choose loan assets and collateral assets Confirm the loan after carefully reading the information about the loan interest rate, loan term, and important LTV ratios. The collateral asset will be transferred to the exchange's master wallet by the system The balance of borrowed assets will be added to the user's Spot wallet (Tips: Users can always pay the loan in part or in full early without additional fees.) &nbsp; Formula to calculate LTV ratio: LTV = (Loan asset value + loan interest) / Collateral asset value x 100% &nbsp; Important LTV ratios: Important LTV ratios include: Initial LTV, Margin call LTV, and Liquidation LTV. These are the 3 fixed rates offered by Nami Exchange: Initial LTV : Initial LTV when the user applies for a loan, which is the ratio of the value of the loaned asset to the value of the collateral asset Margin Call LTV : When Actual LTV exceeds Margin Call LTV, the system will send a notification reminding the user to add more collateral or pay part of the loan to avoid the loan liquidation Liquidation LTV : When Actual LTV exceeds Liquidation LTV, the system will liquidate the user's collateral assets to pay for the loan and interest. &nbsp; Loan liquidation process: The loan will be liquidated in 02 cases: Actual LTV exceeds Liquidation LTV Overdue loan: 72 hours from the expiration date and the user has not yet settled the loan When the loan is liquidated, Nami Lending will perform the following steps according to the liquidation process: Subtract all the borrowed assets that are still available in the user's Spot wallet Sell the amount of collateral assets and buy the corresponding total amount of remaining borrowed assets (if any) and liquidation fee at market price The remaining collateral balance (if any) will be added back to the user's Spot wallet Please note that for each liquidated loan, Nami Exchange will charge a liquidation fee of 2% of the loan value. &nbsp; List of assets to support collateral and loans: When launched, Nami Lending will support the following types of digital assets as collateral and loan out. Users can choose the type of collateral and loan out from this list. Nami Lending's list of assets supporting will be continuously updated. We may have separate announcements when adding additional types of assets to this list: BTC, ETH, BNB, BCH, EOS, ETC, LINK, XRP, ADA, DOGE, LTC, USDT, VNST... &nbsp; Example of LTV ratio with Nami Lending: User borrows 1,000 USDT , using BTC as collateral with Initial LTV of 65% , 1 hour interest rate of 0.0003%, Margin Call LTV of 70%, Liquidation LTV of 90% , BTC price at time loan is 29,000 USDT Amount of BTC needed as collateral = 1,000 / 29,000 / 65% = 0.053 BTC After completing loan registration: 0.053 BTC will be transferred from Spot wallet to Finance wallet 1,000 USDT borrowed will be added to the Spot wallet &nbsp; Scenario 1 : After 3 hours, BTC price increased to 32,000 USDT. Actual LTV decreases to safe ratio, users can withdraw collateral Actual LTV = (Loan asset value + 3 hour interest) / Collateral value updated by new price x 100% = (100 + 3 x 100 x 0.0003%) / (0.0053 x 32,000) x 100% = 56%. The loan is safe. Users can withdraw a part of collateral for other investment and trading purposes. (Note: Users can only withdraw collateral when the Actual LTV is less than the Initial LTV) &nbsp; Scenario 2 : After 3 hours, BTC price drops to 26,000 USDT. Actual LTV increases, exceeds Margin Call LTV, user needs to adjust loan to avoid liquidation Actual LTV = (Loan asset value + 3 hour interest) / Collateral value updated by new price x 100% = (100 + 3 x 100 x 0.0003%) / (0.0053 x 21,000) x 100% = 89%. The loan is at danger. Users need to consider paying down the loan or adding an amount of BTC as collateral to avoid the loan being liquidated. (Tips: The system will have a margin call notification for loans whose Actual LTV exceeds the Margin call LTV, however users always need to pay attention and monitor current loans so they can proactively make appropriate adjustments to avoid liquidation) &nbsp; Scenario 3 : After 3 hours, BTC price drops to 20,000 USDT. Actual LTV exceeds Liquidation LTV, the loan is liquidated Actual LTV = (Loan asset value + 3 hour interest) / Collateral value updated by new price x 100% = (1,000 + 3 x 1,000 x 0.0003%) / (0.053 x 20,000) x 100% = 94 % The loan is liquidated. Assuming the balance in the user's Spot wallet still has 1,000 USDT borrowed available, the user's balance will change as follows: The 1,000 USDT borrowed will be deducted from the Spot wallet 2% of the loan value of 20 USDT will be deducted accordingly from the amount of BTC collateral, which is 20 / 20,000 = 0.001 BTC Users will receive 0.053 - 0.001 = 0.052 BTC back into the Spot wallet &nbsp; How to use Nami Lending on Nami Exchange application? Important note: In the current Nami app version, Nami Lending is not yet supported; please use the web version for the full experience. The feature will be added to the app at the earliest opportunity. 1.Accessing Nami Lending and creating loans From the Home interface, search for the Crypto Loan product, click Start Borrowing &nbsp; Select the asset you want to borrow and the collateral, enter the corresponding amount, select Loan term of 07 days or 30 days, check important information about LTV levels, loan interest rates, confirm Terms of service and click Start Borrowing Check the loan information and click Confirm &nbsp; 2.Adding or removing collateral At the Active Loan interface, click Adjust Collateral Select Add Collateral or Remove Collateral, enter the property amount and click the Add or Remove Collateral button respectively Check the information and click Confirm &nbsp; 3.Paying the loan: partly or completely At the Active Loan interface, select Repay Enter the Loan Repayment Amount by entering the absolute value or dragging the percentage line of Borrowed Assets Click Repay, check the expected information about the loan after paying and click Confirm &nbsp; 4.Checking completed loans and loan history At the Crypto Loan interface, click Loan History, check information about completed loans, and the corresponding statuses. Loans: completed loans, with 2 statuses: Refunded or Liquidated Loan repayment: transactions that repay the loan in part or in full Mortgage modifications: transactions that increase or decrease the mortgage Liquidation: loan liquidation transactions Users can also choose to search by filter on Time, Status, Loan Assets / Collateral by clicking on the filter icon in the upper right corner of the Loan History interface. &nbsp; How to use Nami Lending on Nami Exchange Website? 1.Accessing Nami Lending and creating loans From the Home interface, search for the Crypto Loan product in the Finance section, select the loan asset and click Borrow Now &nbsp; Select the asset you want to borrow and the collateral, enter the corresponding amount, select Loan term of 07 days or 30 days, check important information about LTV levels, loan interest rates, confirm Terms of service and click Start Borrowing &nbsp; 2.Adding or removing collateral At the Active Loan interface, click Adjust Collateral Select Add or Remove Collateral, enter the property amount and click the Add or Remove Collateral button respectively Check the information and click Confirm &nbsp; 3.Paying the loan: partly or completely At the Active Loan interface, select Repay Enter the Loan Repayment Amount by entering the absolute value or dragging the percentage line of Borrowed Assets Click Repay, check the expected information about the loan after paying and click Confirm &nbsp; 4.Checking completed loans and loan history At the Crypto Loan interface, click Loan History, check information about completed loans, and the corresponding statuses: Borrow: loans have been completed Repay Loan: transactions that repay the loan in part or in full Adjust Collateral: transactions that increase or decrease the mortgage Liquidation: loan liquidation transactions Users can also choose to search by filter on Time, Status, Borrow / Collateral assets &nbsp; Note: Images are for illustration purposes only and may not be the latest version of the product interface &nbsp; More information: Support Center General Instructions Tutorials Playlist &nbsp; Note: Nami reserves the right in its sole discretion to amend or change or cancel this announcement at any time and for any reason without prior notice. Risk Warning: Digital asset prices can be volatile. The value of your investment may go down or up and you may not get back the amount invested. You are solely responsible for your investment decisions and Nami is not liable for any losses that might arise from your investment. This information should not be regarded as financial or investment advice. &nbsp; About Nami Exchange Nami Exchange is a trading platform belonging to the Nami Foundation ecosystem that enables dynamic trading and effective investing through its Spot and Futures trading systems, which offer a wide selection of nearly 1,000 trading pairs, support leverage up to x125, and 24/7 live support in Vietnamese &amp; English. ___ Download Nami Exchange at: appiOS Android Or website: https://nami.exchange/ Nami’s community: Telegram Vietnam group: https://t.me/CongdongNamiVietnam Telegram International group: https://t.me/NamiGlobalGroup Website: https://nami.exchange/ Twitter: https://twitter.com/NamiExchange

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