As long as you are a registered user of MEXC and have collateral assets in your spot account, you can proceed with borrowing.

The system calculates interest on a daily basis and charges it based on the actual duration of the loan, with less than 1 day being calculated as 1 day. Note: Interest is calculated based on the interest rate displayed at the time of borrowing. Formula: Interest = Borrowed Amount × Daily Interest Rate.

MEXC supports repayment 30 days after the borrowing date and does not support partial repayments.

The Loan-to-Value ratio (LTV) is the ratio of outstanding asset value to collateral value. The specific calculation formula is as follows:
LTV = Outstanding Principal and Interest / Collateral Amount
Outstanding Principal and Interest = (Outstanding Principal + Outstanding Interest + Outstanding Overdue Interest)