🦉Addressing a Few Concerns

It's important to note that utilizing SummerTime's lending service also comes with certain considerations:

1. Cost of borrowing: Using a lending service involves interest rates, fees, or collateral valuation charges. These costs should be carefully assessed and factored into your financial decisions.

2. Repayment obligations: Borrowing money means having repayment obligations. Ensure that you have a clear repayment plan in place and consider the impact on your cash flow to avoid potential financial strain.

3. Asset valuation and risk assessment: Lenders typically evaluate the value and quality of the collateral being used. Understanding the valuation process and associated risks is important to ensure a fair assessment and appropriate loan terms.

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Luckily due to the power of automation offered by this new realm of decentralized finance, we have mitigated all of the above "considerations":

1. Cost of borrowing: SummerTime will launch with 0 interest rate fees. We will only have a borrowing fee of 0.5%

2. Repayment obligations: There's no defined time when you need to pay back your debt in SummerTime, you can pay anytime. In the near future with SummerTime V2, you can also opt-in to automatically pay down your loan over a selected period of time using your earned swap fees or rewards earned from us and/or the originated AMM farming pool.

3. Asset valuation & risk management: SummerTime has two built-in oracles that periodically evaluate the value of your collateral. In SummerTime v2, we will introduce a non-custodial automated active concentrated liquidity management service to the protocol.