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Borrowing Assets
Brief overview of the borrowing process.
View of some Borrow Markets, available here: https://soul.sh/borrow
- 1.
- 2.Select a Market with an Asset you seek to Borrow, and Collateral you're willing to deposit.
- 3.Within an Underworld Market, select the Borrow tab and Approve, then Deposit Collateral.
4. Review your transaction before depositing, by entering values into the Collateral input box.
Entering a collateral value enables a Transaction Review containing resultant collateral updates.
5. Upon deposit, your Collateral Value and Utilization Rate should update to reflect your current position, however, as always, keep a personal record to double-check results and never rely on a singular source of truth, especially with larger investments at risk.
This is an example where the user has deposited 1,370 DAI, of which 18% is actively borrowed by the user, with 56% available..
Note: the Market details are contained within each isolated lending market and contains key pieces of information, such as the overall available assets for users to borrow from, the Oracle being used for the pair's pricing information, which informs the liquidation process, along with the % APR and % LTV, which is the maximum value one may borrow, represented as a a percent of the user's collateral value, for the market (pair).
Last modified 1yr ago