❓Frequently Asked Questions

Find answers to the most common questions about DreamLend. If you can't find what you're looking for, join our Discord or contact support.

🏗️ General Questions

What is DreamLend?

DreamLend is a decentralized peer-to-peer lending protocol built on Somnia L1. It allows users to lend and borrow digital assets in a trustless environment with over-collateralized loans.

Why choose DreamLend over other lending protocols?

  • ⚡ Lightning Fast: Built on Somnia L1 with 400k+ TPS

  • 💰 Low Fees: Minimal transaction costs

  • 🔮 Real-time Oracles: Accurate price feeds from DIA

  • 💎 Earn Rewards: $DREAM token rewards for all participants

  • 🛡️ Advanced Security: Audited smart contracts and robust risk management

Is DreamLend safe to use?

Yes! DreamLend features:

  • Audited smart contracts

  • Over-collateralized loans

  • Real-time oracle price feeds

  • Liquidation protection mechanisms

  • Open-source code for transparency

What networks does DreamLend support?

Currently, DreamLend operates on Somnia L1 Testnet. Mainnet launch is planned for Q2 2024.

💳 Wallet & Setup

Which wallets are supported?

DreamLend supports all Somnia L1 compatible wallets:

  • MetaMask (Recommended)

  • WalletConnect compatible wallets

  • Coinbase Wallet

  • Trust Wallet

  • Any wallet supporting custom networks

How do I add Somnia L1 to my wallet?

Network Details:

  • Network Name: Somnia L1 Testnet

  • RPC URL: https://dream-rpc.somnia.network

  • Chain ID: 50312

  • Currency Symbol: SOM

  • Block Explorer: https://shannon-explorer.somnia.network/txs

Where can I get test tokens?

  1. Visit the "Create" page on DreamLend

  2. Scroll to "Quick Mint Tokens" section

  3. Mint MUSDT, MUSDC, MWBTC, MARB, or MSOL

  4. Use these tokens for lending and borrowing

🏦 For Lenders

How do I create a loan offer?

  1. Connect your wallet to DreamLend

  2. Navigate to the "Create" page

  3. Fill in loan details (token, amount, rate, duration)

  4. Set collateral requirements

  5. Click "Create Loan Offer" and confirm transactions

What interest rates should I set?

Interest rates depend on:

  • Token type: Stablecoins (8-15%), Volatile assets (15-25%)

  • Loan duration: Longer terms command higher rates

  • Market conditions: Check existing offers for competitive rates

  • Risk level: Higher collateral ratios allow lower rates

Can I cancel my loan offer?

Yes! You can cancel any pending loan offer before it's accepted. Once accepted, the loan cannot be cancelled.

What happens if a borrower defaults?

If a loan becomes unhealthy (collateral ratio drops below threshold), it can be liquidated. You'll receive the collateral plus a liquidation bonus, which typically exceeds your loan amount.

How do I earn $DREAM rewards?

Lenders earn $DREAM tokens based on:

  • Active loan principal amount

  • Duration of lending

  • Protocol participation level

Claim rewards on the "Rewards" page.

💰 For Borrowers

How do I borrow on DreamLend?

  1. Browse available offers on the "Offers" page

  2. Find a loan that matches your needs

  3. Ensure you have sufficient collateral tokens

  4. Click "Accept" and approve the required transactions

What collateral do I need?

Collateral requirements vary by loan offer, typically:

  • Stablecoin loans: 120-150% collateral ratio

  • Volatile asset loans: 150-200% collateral ratio

  • High-risk loans: 200%+ collateral ratio

Can I add more collateral later?

Yes! You can add collateral anytime to improve your loan health factor. Navigate to your loan details and use the "Add Collateral" feature.

Can I make partial repayments?

Absolutely! DreamLend supports partial repayments to:

  • Reduce interest costs

  • Improve loan health factor

  • Manage cash flow flexibly

What happens if my loan gets liquidated?

If your collateral ratio drops below the liquidation threshold, your loan may be liquidated. You'll lose your collateral but your debt will be cleared. Always monitor your loan health to avoid liquidation.

How do borrowers earn $DREAM rewards?

Borrowers earn rewards for:

  • Maintaining healthy loans

  • Long-term borrowing

  • Active collateral management

⚡ For Liquidators

How do liquidations work?

When a loan becomes unhealthy (collateral ratio below threshold) or overdue, liquidators can:

  1. Execute the liquidation transaction

  2. Receive the borrower's collateral

  3. Earn a liquidation bonus (typically 5-10%)

How do I find liquidation opportunities?

Monitor loans on the platform for:

  • Health factors below 120%

  • Overdue loans past maturity

  • Rapid collateral price declines

What are liquidation bonuses?

Liquidation bonuses are incentives for liquidators, typically 5-10% of the collateral value. This ensures liquidators are motivated to maintain protocol health.

💎 $DREAM Token & Rewards

What is the $DREAM token?

$DREAM is DreamLend's native utility and governance token. It's used for:

  • Liquidity mining rewards

  • Protocol governance (coming soon)

  • Fee discounts

  • Staking benefits

How are rewards calculated?

Rewards are based on:

  • Principal Amount: Larger loans earn more rewards

  • Duration: Longer commitments earn bonus multipliers

  • Activity Type: Different rates for lending, borrowing, liquidating

  • Protocol Health: Bonus rewards for maintaining healthy loans

When can I claim rewards?

Rewards accrue in real-time and can be claimed anytime on the "Rewards" page. There's no minimum claim amount, but consider gas costs for small claims.

Will there be governance?

Yes! $DREAM token holders will be able to participate in protocol governance, including:

  • Parameter adjustments

  • New feature proposals

  • Treasury management

  • Protocol upgrades

🔮 Oracles & Pricing

Where do prices come from?

DreamLend uses DIA Oracle V2 for real-time price feeds. DIA aggregates prices from multiple exchanges and provides reliable, manipulation-resistant data.

How often are prices updated?

Price feeds are updated continuously, with maximum staleness of 1 hour. If prices become stale, liquidations are temporarily paused for safety.

What happens if oracle prices are wrong?

DreamLend has multiple safeguards:

  • Circuit breakers for extreme price changes

  • Multiple oracle sources for redundancy

  • Manual intervention capabilities for emergencies

  • Community governance for dispute resolution

🔧 Technical Questions

What are the smart contract addresses?

Main Contracts:

  • DreamLend: 0xddDa4e2B1B8E6f06086F103dA6358E7aCbd020ec

  • RewardsDistributor: 0x1ee1E4d84636FFDb8de6Dc684475C8f2Bdf5699c

  • DreamerToken: 0xf68F7B7FD9629f4990A5AB7181C2EE0E8b496B4B

See Contract Addresses for complete list.

Is the code open source?

Yes! All DreamLend smart contracts are open source and verified on the Somnia explorer. The frontend code is also available on GitHub.

Has DreamLend been audited?

Yes, DreamLend has undergone professional security audits. Audit reports are available in our documentation.

How can I integrate with DreamLend?

Developers can integrate using:

  • Smart Contract APIs: Direct contract interaction

  • Subgraph API: Indexed data queries

  • React Hooks: Pre-built frontend components

  • SDK: Simplified integration library

See our Developer Guide for details.

🚨 Troubleshooting

My transaction failed. What should I do?

Common solutions:

  1. Check Gas: Ensure sufficient SOM for gas fees

  2. Increase Gas Limit: Try higher gas limit

  3. Check Approvals: Ensure token approvals are sufficient

  4. Network Issues: Verify Somnia L1 connection

  5. Try Again: Sometimes network congestion causes failures

I can't see my loan/offer

Try these steps:

  1. Refresh Page: Hard refresh (Ctrl+F5)

  2. Check Network: Ensure you're on Somnia L1

  3. Verify Address: Confirm you're using the correct wallet

  4. Clear Cache: Clear browser cache and cookies

  5. Different Browser: Try a different browser

The interface is loading slowly

Performance tips:

  1. Stable Internet: Ensure good internet connection

  2. Update Browser: Use latest browser version

  3. Disable Extensions: Temporarily disable browser extensions

  4. Clear Cache: Clear browser data

  5. Try Mobile: Use mobile app if available

I lost my private key/seed phrase

Important: DreamLend cannot recover lost private keys or seed phrases. Always:

  • Backup Safely: Store seed phrases securely offline

  • Multiple Copies: Keep multiple secure backups

  • Test Recovery: Verify you can restore your wallet

  • Never Share: Never share private keys with anyone

💬 Getting Help

Where can I get support?

How do I report a bug?

  1. GitHub Issues: Create an issue on our GitHub repository

  2. Discord: Report in the #bug-reports channel

  3. Email: Send details to [email protected]

  4. Include Details: Wallet address, transaction hashes, screenshots

How do I suggest a feature?

  1. Discord: Share ideas in #feature-requests

  2. GitHub: Create a feature request issue

  3. Community Calls: Participate in governance discussions

  4. Email: Send detailed proposals to [email protected]

Is there a bug bounty program?

Yes! DreamLend offers rewards for finding security vulnerabilities. Contact [email protected] for details about our responsible disclosure program.

🔮 Future Plans

When is mainnet launch?

DreamLend mainnet is planned for Q2 2024. Follow our Twitter for updates.

What new features are coming?

Upcoming features include:

  • Multi-chain Support: Expand to other blockchains

  • Advanced Order Types: Limit orders, stop-losses

  • Mobile Apps: Native iOS and Android applications

  • Governance: Full DAO governance implementation

  • Insurance: Optional loan insurance products

How can I stay updated?

Still have questions? Join our Discord community for real-time support! 💬

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