Market Borrowing
Last updated
Last updated
Users can borrow assets from a specific pool after supplying collateral. The types and amounts of assets are determined by the collateral they have supplied. For more details, refer to the "Account Risk" page.
STEP 0:
On the main dashboard, click the ‘Connect Wallet’ button in the top right corner. This will let you connect your crypto wallet to Factorial Finance and start using the platform's features.
STEP 1:
In the ‘Markets’ section, you'll find the available assets you can borrow. Click the ‘Borrow' button of the asset you want to borrow.
STEP 2:
In the ‘Borrow’ tab, you’ll see details such as borrow APY, leverage, risk ratio, and liquidation price. Enter the amount you want to borrow, click the ‘Borrow’ button and confirm the transaction through your wallet.
You can click the 'Borrow' button of the asset you want to borrow, or alternatively, you can select the token within the asset you want to borrow. Then go to the ‘Supply / Withdraw’ tab and click the ‘∨’ button to switch to the ‘Borrow / Repay’ tab.