⚖️Leverage Taker

Borrowing USDT on Our Protocol: A Step-by-Step Tutorial

Introduction:

In this tutorial, we will walk you through the process of borrowing USDT on our P2P lending protocol. This guide will help you navigate the lending pools with ease.

Steps:

  1. Choose a Lending Pool: • Browse available pools and select one based on APR, LTV, and supported collateral token.

  2. Deposit Collateral: • Deposit the supported collateral token into the pool according to the LTV ratio.

  3. Receive Loan: • Receive the loan amount based on the pool's LTV ratio.

  4. Repay Loan: • Repay the loan at any time to receive your collateral back.

Use cases:

  1. Collateral Deposit: • Use tokens as collateral instead of selling them for funds.

  2. No Liquidation Risk: • Borrow without the fear of liquidations.

  3. Flexible Use of Loans: • Utilize the loan for various purposes, such as farming at higher APRs than the loan.

  4. Hedge Against Collateral: • If the loan value exceeds the collateral by the repayment date, the borrower can choose to default.

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