1. Borrowers requested rate might be .08 percent a day on 1 bitcoin . Borrowers initial burnout will only be 30 days it Is taken out based on his requested rate of .08
So borrower now has 30 days in burnout from that 1 btc . He will be able to withdraw everything except .08 x 30 Which is the calculation for his burnout. So his min payment would have to be 2.4 percent on 1 btc .
Just to maintain his credit lines burnout .
2. Now lenders effect burnout more than you think . Lender sets lets say .16 percent that will lower the borrowers burnout to 15 days . If Lender cuts his credit line on borrower this takes away borrowers running credit line as well . Lenders coins will be paid back directly to persons account when he makes a payment .
This is only from my understanding on how the site works .