# Lending–Lockup

#### LTV & Terms

| Parameter    | Value                       |
| ------------ | --------------------------- |
| Max LTV      | **80%**                     |
| Lockup terms | **30 / 60 / 90 / 120 days** |

#### Interest (per term)

| Term | Interest (wChip) |
| ---- | ---------------- |
| 30d  | 6%               |
| 60d  | 10%              |
| 90d  | 15%              |
| 120d | 25%              |

#### Fees

| Fee Type         | Rate                   | Notes                                                 |
| ---------------- | ---------------------- | ----------------------------------------------------- |
| Lockup fee       | **1.5%**               | Charged at deposit                                    |
| Early withdrawal | **3% / 5% / 7% / 10%** | By remaining term: 1–30 / 31–60 / 61–90 / 91–120 days |

#### Settlement

| Action     | Requirement                                                     |
| ---------- | --------------------------------------------------------------- |
| Unlock     | Repay **wChip** or pay equivalent **MWAR**                      |
| Early exit | Pro-rated remaining interest paid; early-withdrawal fee charged |

* Buy MWAR on a DEX → deposit on our platform → receive wChip up to **80% LTV** of the value
* Lockup terms: **30 / 60 / 90 / 120 days** (interest paid in wChip for the full term)
* Interest rates (per term, not APR):

| Term | Interest (wChip) |
| ---- | ---------------- |
| 30d  | 6%               |
| 60d  | 10%              |
| 90d  | 15%              |
| 120d | 25%              |

* Fees
  * Lockup fee: **1.5%**
  * Early-withdrawal fee (by remaining term): **3% / 5% / 7% / 10%** for 1–30 / 31–60 / 61–90 / 91–120 days left
* Settlement & Early Exit
  * Unlock immediately by repaying wChip or by paying the equivalent in MWAR
  * Early exit pays pro-rated remaining interest plus the early-withdrawal fee

::: warning Important wChip is an internal-only currency and cannot be cashed out externally. Use it within content or swap via the wChip → MWAR routes. :::


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