How to Borrow
Deposit tokens as collateral
Select the amount of tokens you want to lock as collateral. They will be held by the protocol.
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.
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
