> For the complete documentation index, see [llms.txt](https://lend-finance-organization.gitbook.io/lendx-documentation-v1.0/llms.txt). Markdown versions of documentation pages are available by appending `.md` to page URLs; this page is available as [Markdown](https://lend-finance-organization.gitbook.io/lendx-documentation-v1.0/project-info/borrowing/interest-rate.md).

# Interest Rate

Daily and hourly rates that adjust automatically based on the daily/24-hour rate.

Upon selecting a suitable loan order and pressing the "borrow" button, the borrowed amount is locked by a smart contract for the specified display time. 

If no one borrows within this period, the lender receives interest through staking. The lender also retains the option to cancel the order and claim the assets (principal + interest) during the lock period.