How to Borrow
1
Navigate to Borrow
Go to the borrow section on your token’s page.
2
Deposit tokens as collateral
Select the amount of tokens you want to lock as collateral. They will be held by the protocol.
3
Borrow against the floor
You can borrow up to the floor value of every token deposited. Review the amount and the one-off 3% origination fee.
4
Confirm
Approve the transaction. Funds are sent to your wallet immediately.
Key Terms
- Collateral: Your tokens, locked by the protocol during the borrow
- Borrow limit: Up to the floor value of your deposited tokens — never the market value
- Origination fee: 3%, charged once at the time of borrowing
- Ongoing interest: None
- Liquidation risk: None
Repaying
To repay and unlock your collateral, navigate to your active borrows and initiate a repayment. Your tokens are returned to your wallet immediately upon repayment.Loops
To loop (amplify exposure):- Borrow against your current tokens
- Use the borrowed funds to buy more of the same token
- Your new tokens can themselves be borrowed against
- Repeat as desired
