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Browse to the "Borrow" section. Turn on "e-Mode" if needed. After this, simply click on the “Borrow” button for the asset you want to borrow. Set the amount you need based on your available supplies that would be used as collateral for the loan. Select either a stable or variable rate and confirm your transaction. You can always change your rate afterward as many times as you want.
The maximum amount you can borrow depends on your supplied value, the LTV ratios, the current available liquidity, and the Borrow caps. For example, you can not borrow an asset if there is insufficient liquidity, a pool reaches the borrowing limit for a specific asset, or your health factor doesn’t allow you to.
The upper limit on the number of assets that can be borrowed prevents protocol bankruptcy risks caused by various factors. When a pool reaches the borrowing limit for a specific asset, users can not borrow assets from that pool.
The interest rate you pay for borrowing assets depends on the borrowing rate derived from the asset's supply and demand ratio. Moreover, the interest rate of a variable rate changes constantly, whereas a stable interest rate provides stability for the interest rates. You can find your current borrowing rate at any time in the Borrowings section of your dashboard.
For more information, visit the following section:
There is no fixed time period to pay back the loan. As long as your position is safe, you can borrow for an undefined period. However, as time passes, the interest payable will grow, decreasing your health factor, which might result in your deposited assets becoming more likely to be liquidated.
In order to payback the loan, you simply go to the "Borrow" section of your "Dashboard" and click on the "Repay" button for the asset you borrowed and want to repay. Select the amount to pay back and confirm the transaction.