> ## Documentation Index
> Fetch the complete documentation index at: https://docs.rise.rich/llms.txt
> Use this file to discover all available pages before exploring further.

# Borrow Against Your Tokens

> Access liquidity without selling your position.

## How to Borrow

<Steps>
  <Step title="Navigate to Borrow">
    Go to the borrow section on your token's page.
  </Step>

  <Step title="Deposit tokens as collateral">
    Select the amount of tokens you want to lock as collateral. They will be held by the protocol.
  </Step>

  <Step title="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.
  </Step>

  <Step title="Confirm">
    Approve the transaction. Funds are sent to your wallet immediately.
  </Step>
</Steps>

## 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):

1. Borrow against your current tokens
2. Use the borrowed funds to buy more of the same token
3. Your new tokens can themselves be borrowed against
4. Repeat as desired

Each loop increases exposure to the token's upside. Because there are no liquidations on RISE, looped positions cannot be force-unwound by the protocol.

<Warning>
  Looping amplifies your position size. While liquidation risk is eliminated, the value of your overall position still fluctuates with the token price above the floor.
</Warning>