Create borrow order if you want to borrow assets.
You can also explore the Marketplace to select open order ads based on your preference and directly lend/borrow on the P2P Marketplace.
To create borrow order, you have to deposit collateral first. Let say you have $100 worth ETH, you can deposit it to borrow USDC/USDR
Note: You can only borrow 80% LTV ratio of your collateral. (i.e Deposit $100 ETH to borrow $70-80 of USDC)
Go to Dashboard & click “Create order”
Select "Borrow" and Choose asset you want to borrow (ETH / USDC / USDR)
Enter amount, set preferable Interest Value(i.e 5%) & loan term(duration) you desired
Click “create order” & confirm the transaction.
Done
Last updated 7 months ago
