You can borrow assets instantly for any duration. Furthermore, the loan will transfer from the protocol directly into your wallet.
- To start the process, you need to open the Borrow Markets tab and click on an asset you wish to borrow. Note that you cannot borrow an asset that you’re supplying as collateral.
- Set the amount of the asset you’d like to Borrow, then submit the transaction and sign with your wallet.
- You can use the Safe Max button to borrow up to 40% of your Borrow Limit.
- Use the Repay Borrow tab to pay back any amount of your loan, at any time. This allows you to easily manage your borrowing to avoid any liquidation scenario. Remember when borrowing assets, you will also be accruing interest that will need to be paid.