How to Borrow Tokens?
Last updated
Last updated
First, Let's connect your wallet!
Step 1: Navigate to the Yield Aggregator menu
Step 2: Choose the token you want to borrow and click on its Borrow APR.
Step 3: On the Borrow list, select the most suitable deal.
We display key deal details, including the protocol,Borrow APR, collateral tokens and the liquidation point
Click the Borrow button on your selected deal
Step 4: On Borrow Screen (Each protocol will display different types of information) :
Select the collateral token
Enter the amount of collateral
Enter the amount you want to borrow
Click Borrow:
Note: Be cautious not to let the health factor value drop too low. Because The loan will be liquidated if the health factor reaches 1
Sign the transaction on your wallet
Note: All transactions are built and interact directly with the smart contract of the protocol you select.
Step 5: After the transaction is successfully signed:
For Liqwid Protocol: You can modify the details of your borrow position right on the borrow list screen