Borrow

In this step-by-step guide, we will demonstrate how to borrow $BTC using $CORE as collateral. The process for borrowing assets on any of our supported markets is similar.

1. Deposit Assets

   If you haven't supplied any assets on Colend yet, follow this guide to deposit any of our supported assets.

2. Borrow Your Preferred Asset

   • Connect Your Wallet: Ensure your wallet is connected to Colend by visiting the dashboard.

   • Select Asset to Borrow: Under the ‘Assets to Borrow’ section, you will see the list of available assets.

   • Agree and Borrow: If you agree with the terms, click ‘Borrow’.

   

   In the ‘Available’ column, you can see the max amount you can borrow. Select $BTC or click ‘Details’ to review the borrow terms. If you agree with the terms, click ‘Borrow’.

3. Enter the Amount and Confirm the Loan

   • Specify Amount: Enter the amount of $BTC you wish to borrow. Make sure the borrowed amount is well within your health factor based on your deposited $CORE collateral.

   

   If the health factor goes below 1, the liquidation of your collateral might be triggered.

   • Confirm Transaction: Click ‘Borrow BTC’ and approve the transaction in your wallet.

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