# Support Lenders to Earn

SLCR would be used as the supporting power in Support Lenders to Earn. 

As a supporter, you could support lenders in SOLARR platform with SLCR and earn certain proportion of Total Interest Received generated on SOLARR platform or generated by a specific lender on SOLARR platform. 

Total Interest Received could be only generated once every loan transaction has been completed, that is, when borrowers repay the total amount (principal + interest) according to the terms in their accepted loan offers. If borrowers do not repay, the loan transactions would be defaulted and no Interest Received would be generated. 

Numerical Example for defining Total Interest Received of a loan transaction: 

| Parameters       | Data        |
| ---------------- | ----------- |
| Borrowing Amount | 10,000 USDT |
| Annualized Yield | 65%         |
| Loan Period      | 7 Days      |

From the above numerical example, after the borrower of this loan transaction repaid, the Total Interest Received \
\= 10,000 x 65%/365 x 7 USDT \
\= 124.6575 USDT (rounding to 4 decimal places) 

The basic principle for Support Lenders to Earn is to observe the performance of lenders on SOLARR platform and predictively support the lenders with good performance. 

## Supporting Venue

Support Lenders with SLCR to Earn could be executed directly on SOLARR platform. You can go to Lenders Leadership Board on SOLARR platform and directly support or click on each lender profile to support. 

Lenders Leadership Board: (Coming Soon) 

## Supporting Mechanism

There are two types of supporting mechanism to earn in SOLARR. 

1. Regular Support 
2. Lenders Competition (Hosted in a fixed period of time) 

Comparison between Regular Support and Lenders Competition: 

<table><thead><tr><th width="296.3333333333333">Differences</th><th>Lenders Competitions</th><th>Regular Support</th></tr></thead><tbody><tr><td>Required SLCR Locking Duration</td><td>Fixed period of time</td><td>No locking duration, can lock and withdraw anytime</td></tr><tr><td>Total Reward Source</td><td>Total Interest Received generated on SOLARR by borrowing and lending activities</td><td>Total Interest Received generated by supported lender on SOLARR in your locked duration</td></tr><tr><td>Percentage based on Total Reward Source allocated for Total Reward</td><td>Varied for each Lenders Competitions </td><td>0.4%</td></tr></tbody></table>

## Reward Mechanism

The basic principle for the reward mechanism in Support Lenders to Earn is that the reward would be proportionally distributed to the supporters by the amount of SLCR they have locked during a specific time. You may check the [Regular Support Case Scenario](https://solarr.gitbook.io/main/solarr-tokens-slcr/slcr-utilities/support-lenders-to-earn/regular-support) and [Lenders Competitions Case Scenario](https://solarr.gitbook.io/main/solarr-tokens-slcr/slcr-utilities/support-lenders-to-earn/lenders-competitions) for numerical examples.&#x20;

The Total Interest Received split for reward in Lenders Competitions and Regular Support would be executed and distributed by SOLARR smart contracts. Supporters could claim the rewards when they unlock SLCR.&#x20;

Regular Support Smart Contract: (Coming soon)

Lenders Competitions Smart Contract: (Coming soon)&#x20;

<table data-card-size="large" data-view="cards"><thead><tr><th></th><th></th><th></th><th data-hidden data-card-target data-type="content-ref"></th></tr></thead><tbody><tr><td></td><td>          <strong>Regular Support with SLCR</strong></td><td></td><td><a href="support-lenders-to-earn/regular-support">regular-support</a></td></tr><tr><td></td><td>      <strong>Lenders Competitions with SLCR</strong></td><td></td><td><a href="support-lenders-to-earn/lenders-competitions">lenders-competitions</a></td></tr></tbody></table>