CyLoans Instructions
Definitions
Wallet: List of CyBlocs (owned by user/lender) which are available for listing on CyLoans Market
Listed: List of CyBlocs which are listed on CyLoans Market but have not been borrowed/leased by anyone yet
Recalling: List of CyBlocs which have been recalled/cancelled and are waiting for 24h timelock to finish before lender can officially remove them to receive back into Wallet
Leased: List of CyBlocs which are on lease i.e. borrowed by somebody and are playable (by the borrower)
Borrowing: List of CyBlocs that user is borrowing from CyLoans Market
CyLoans Market: Marketplace for all available CyLoans Listings ready to be borrowed, separated into Whitelist and Free-for-All
Note:
CyLoans function is located within the Profile tab of the CyBall web-app.
As a reminder, CyBloc's level currently gets reset upon any transfer, including in and out of CyLoans Market.
Lender (Owner)
1. List your CyBlocs:
Under CyLoans, navigate to Wallet
Select the relevant CyBlocs that you would like to list on CyLoans
Enter the percentage (%) rewards split to borrower and (optional) whitelist details (login email of borrower)
Click List and confirm the transaction in your crypto wallet
You may choose to list multiple CyBlocs altogether, or one at a time
2. Manage Listed CyBlocs
Navigate to Listed
All CyBlocs which have been successfully listed on CyLoans Market but have yet to be borrowed by other users will be displayed in this section
To edit the percentage (%) rewards split or whitelist details, click the appropriate text box, enter the new details and click save
To cancel a listing, select the relevant CyBlocs and click "Delist"
Confirm the transaction in your crypto wallet to delist from CyLoans Market
Note:
To prevent abuse of CyLoans and the game's energy system, there is a 24h timelock delay before your CyBlocs can be removed from CyLoans and returned to your wallet.
Navigate to Recalling to check the cancellation status.
3. Manage Leased CyBlocs
Navigate to Leased
The Owner Reward column is displaying two things:
White: total owner (lender)'s rewards earned by a certain borrower using the relevant CyBloc regardless of listing/leased time; and
Green: total rewards earned by this CyBloc since first listing on CyLoans by the current owner (in green), regardless of who the current and past borrowers are.
To cancel a loan, select the relevant CyBlocs and click "Cancel"
Confirm the transaction in your crypto wallet to recall it from the borrower
Note:
To prevent abuse of CyLoans and the game's energy system, there is a 24h timelock delay before your CyBlocs can be removed from CyLoans and returned to your wallet.
Navigate to Recalling to check the cancellation status.
4. Manage CyBlocs which are being Recalled
Navigate to Recalling
All CyBlocs which are serving the 24h timelock delay as part of the cancellation/recall process will be displayed in this section
When the current time has gone past "Cancel Time" (i.e. 24h have passed), you can select the relevant CyBlocs and click "Cancel" / "Cancel Lending"
Confirm the transaction in your crypto wallet to receive the CyBlocs back into your Wallet
Borrower
1. Borrow CyBlocs from CyLoans Market
Navigate to CyLoans Market
Within the relevant tab (Whitelist or Free For All), select CyBlocs which you would like to borrow
Click Borrow
2. Manage CyBlocs which you are Borrowing
Navigate to Borrowing
All CyBlocs which you are borrowing from CyLoans Market will be displayed in this section
These are the CyBlocs which you can use to play and should be displayed within Collections inside the CyBall game
To cancel a loan, select the relevant CyBlocs and click "Cancel"
The CyBlocs which just got cancelled (by the Borrower) will automatically be listed back onto CyLoans Market under Whitelisted or Free For All, depending on how it was listed up originally by the Lender.
Note:
Cancellations triggered by the Lender (Owner) will be shown in Recalling.
Cancellations triggered by the Borrower will automatically be listed back on CyLoans Market under Whitelisted or Free For All, depending on whether it was a Whitelist or Free For All loan originally.
Rewards
When a Borrower play the CyBall game and earns rewards, the game will automatically distribute the rewards in-game to the relevant Lender an Borrower's game accounts.
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