On the surface, borrowing may look very simple: choose how much ITL you want to use as collateral, enter the amount of USDT you want to borrow, and click Borrow. But in reality, that is when the most important part of ITL Vault begins working behind the scenes. In the current design, the ITL used as collateral is not transferred to a personal wallet controlled by the team. Instead, it is locked in a smart contract, allowing the collateral status to remain transparent and ensuring that it can only be unlocked once the loan obligations have been fully completed. After the collateral is recorded, the system needs to determine the value of that ITL at the time of borrowing. In the early stage, before ITL has sufficiently deep market data for automated Oracle pricing, ITL Vault will use a reference price based on the OTC market. From there, the system calculates the total collateral value, LTV, and the maximum amount of USDT the user is eligible to borrow. For example, if you collateralize 1,000 ITL and the reference price is $2 per ITL, your collateral is worth $2,000. With a maximum LTV of 30%, the initial loan amount would not exceed 600 USDT. However, having enough collateral does not mean USDT is sent immediately. In the early stage, ITL Vault will operate with a hybrid model that combines smart contracts with operational review. The system will verify whether the collateral has been locked correctly, whether the LTV is within the allowed limit, whether the wallet already has an active loan or has exceeded the borrowing limit, and whether there are any unusual conditions that require additional review. Once the loan meets all required conditions, USDT is then disbursed to the user’s wallet. While the loan remains active, ITL Vault continues to monitor the collateral value and the LTV of the position. If the price of ITL rises, the safety buffer of the loan may increase. If the price falls, LTV rises and the user needs to pay closer attention to the position. When the user begins repaying, each repayment is recorded and the outstanding balance is updated. Users can make partial repayments to reduce their debt and improve their LTV, or repay the full amount when they want to close the loan. Once the full principal and all applicable fees have been paid, the loan is closed. At that point, the ITL locked in the smart contract becomes eligible to be unlocked and returned to the user. So behind one simple Borrow button is an entire process: lock collateral → determine asset value → calculate LTV → verify loan conditions → disburse USDT → update repayments → unlock collateral. This is the part users may not see on the interface, but it is also the part we spend a great deal of time building and testing. A good lending DApp should feel simple for the user. But behind the scenes, the system needs to be structured carefully enough for loans to operate safely and transparently. That is exactly what ITL Vault is working to complete before bringing the product to the community. 💜 #ITLVault #InterLink #ITL #DeFi #Lending #Web3 #ITLG @inter_link

HAVE YOU CREATED YOUR ATV QR YET? 👀 Don’t wait! Create your @ATV_Interlink QR, start using it for payments, and check in with your QR code to complete the QR Check-In Task. 🔥 Create your ATV QR, start using it, and check in today. Every step helps bring $ITL closer to real-world payments! 💜 #InterLink #ITLG #ITL

📢NOTE REGARDING THE ATV QR CHECK-IN TASK In the second step of the task, you need to take a photo of yourself holding the ATV QR code. The photo must be taken with your physical store visible in the background. This helps ensure a more authentic review of your physical store registration and guarantees uninterrupted reward distribution. Thank you for your attention. #Interlink #ITL #ATVInterlink #ATVQRPayment