Frequently Asked Questions
WEHODL is a decentralized finance (DeFi) risk management tool that helps users protect their loans from liquidation. It calculates the Safety Margin for any loan on Aave and Compound platforms, and sends alerts if the Safety Margin falls below a certain level. WEHODL Finance is a valuable tool for both lenders and borrowers who want to minimize their risk in DeFi.
WEHODL uses a number of factors to calculate the Safety Margin for a loan, including:
The price of the cryptocurrency that is being borrowed
The amount of collateral that is being deposited
The liquidation threshold
The current market conditions
If the Safety Margin falls below a certain level, WEHODL will send an alert to the user. This alert will warn the user that their loan is at risk of being liquidated.
To use WEHODL, you will need to create an account and connect your wallet. Once you have connected your wallet, you can view the Safety Margin for any loan that you have on Aave or Compound. You can also set up alerts so that you are notified if the Safety Margin for a loan falls below a certain level.
You can also use WEHODL as a guest and calculate simulated loans on Aave or Compound. You can also search for specific Ethereum addresses to show their loan statuses on Aave and Compound.
WEHODL offers a number of benefits for users, including:
Helps to protect loans from liquidation: WEHODL can help to protect loans from liquidation by sending alerts when the Safety Margin falls below a certain level.
Provides peace of mind: WEHODL can provide peace of mind to users by letting them know how close their loans are to being liquidated.
Easy to use: WEHODL is easy to use and can be accessed from any web browser.
Free to use: WEHODL is free to use for all users.
Calculate borrow simulations: You can calculate borrow simulations on Aave and Compound by choosing any token supported by the protocol, setting the amount of collateral in terms of units or FIAT, and even speculating on the price of the token.
Search for Ethereum wallets: You can search for Ethereum wallets and retrieve their loans on Aave and Compound. This allows users to see what other people are doing with their loans.
Connect Ethereum wallets and manage loans: You can connect their Ethereum wallets to WEHODL and manage their loans on Aave and Compound directly from the platform. This allows users to repay loans, increase collateral, and view their Safety Margin.
Receive notifications for changes in Safety Margin: You can create an account on WEHODL and enable notifications to be alerted when there are changes in the Safety Margin of their loans. This allows users to be aware of any risks before they occur.
