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.
- Deposit Assets
If you haven't supplied any assets on Colend yet, follow this guide to deposit any of our supported assets.
- 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’.
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.
Confirm Transaction: Click ‘Borrow BTC’ and approve the transaction in your wallet.
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