Borrow LUSD (Open an ETH/LUSD Trove )
Borrowing
- As a user, my goal is to deposit ETH and borrow LUSD in return.
- As a user, I want to be provided an explanation of a collateralized loan (FAQ like Zerion, or a video?).
- As a user, I want to understand how Liquity is interest free (different than typical collateralized loan).
- As a user, I want to click on wallet connect button to see my ETH balance available for collateral.
- As a user, I want to see form validation that informs me that my Collateral ratio must be at least 150%. I will not be able to continue if my collateral ratio is less than 150%.
- As a user, I want to understand that ETH is collateral, and LUSD is Debt.
- As a user, I want to see details about my future loan (with potentially a tooltip explaining each?): LUSD Borrowing Fee, LUSD Total Debt, LUSD Liquidation Reserve, Collateral Ratio.
- As a user, I want to see my Borrow LUSD transaction details, including liquidation trove T&C, and general transaction T&C acceptance (not sure if T&C are required, but seems like a good idea?)
- As a user, upon acceptance of liquidation trove T&C, and general transaction T&C, I want to Sign transaction so that I can borrow LUSD.
- As a user, I want to see Success or Failure status of my Borrow LUSD transaction. Upon completion of the transaction, I want to see success message presented in the UI.
Adjust Trove (add collateral)
- As a user, I want to see my LUSD/ETH loan health factor and its collateral ratio. If my collateral ratio changes over time, then I want to see Low, Medium, High risk advisory message so that I understand the health factor of my loan.
- As a user, if my loan health factor requires more collateral then I want to be able to add more ETH as collateral.
Pay Back Loan
- As a user, I want to be able to see details required to pay off my loan.
- As a user, I want to pay off my loan with ETH.