You get loan 50% from the total Market value of your asset and with monthly 10% intrsest. Your asset Will be taken from you If your intrests exeeds the borrowed ammount then you must add more asset or pay off some of your debt.
Loan ammount 100$ your Asset btc value 200$ so you pay 10$ monthly so your Asset Will be liqutated in 10 months not 10%x10=100$
You will have to give clearer rules if you want to start a lending service to attract people to your service.
Have a clear rule on what currency you lend and what you accept as collateral.
Be clear on your interest rate per day and not monthly cause not every user will pay back the loan in a specified period of time.
Do not complicate the service, look into other successful lending services and adopt some of their processes.
- Jay -