Borrowing from a pool allows you to use your crypto assets as collateral to access liquidity (stable coins) without selling your crypto. This helps protect your crypto from market volatility.

Step 1: Connect your wallet to the platform.

Step 2: Navigate to the pool of your choice and select 'Borrow'.

Step 3: Input the amount you'd like to borrow, and the system will automatically calculate how much collateral is needed based on the pool’s ratio.

Step 4: Confirm the transaction in your wallet to complete the borrowing process.

Interest on your loan accrues every minute while your borrowing position is open, up until the pool’s maturity date. To check the interest rate, simply review the APY (annual percentage yield) for the pool. Your total interest is based on how much you borrow and how long your loan remains open.

Step 1: Go to the 'Borrowed' page to view all your open loan positions.

Step 2: Select the loan you want to repay.

Step 3: Review the details of your loan, including the amount borrowed, interest accrued, and total repayment amount.

Step 4: Confirm the repayment and sign the transaction in your wallet to get your collateral back.

By depositing stablecoins (like USDC) into a pool, you can earn a return on your investment. As a liquidity provider, you’re helping to fund secured loans to borrowers while earning rewards.

Step 1: Connect your wallet to the platform.

Step 2: Navigate to the pool of your choice and select 'Supply'.

Step 3: Input the amount you'd like to supply and confirm the transaction in your wallet.

Step 4: You can track your rewards by visiting the pool’s page or your 'Supplied' tab.

After the pool matures, you can collect your funds and rewards if all loans are repaid. If liquidation is needed, your funds will be available after the liquidation process is completed.

Your rewards are based on three factors:

The longer your funds are in the pool and the more of the pool is used for loans, the higher your rewards.

Liquidation happens when a pool matures, and borrowers haven’t repaid their loans. In this case, a part of the borrower’s collateral is sold to recover funds for lenders.

If the loan matures and isn’t repaid, part of your collateral is sold to cover the borrowed amount, interest, and fees. You’ll receive the remaining collateral after liquidation and be notified through the portal.

If a loan is unpaid at maturity, your liquidity will be available after liquidation. Since loans are over-collateralized, your funds are covered and will be released once liquidators settle the pool.

You interact with the smart contract to identify opportunities, pay off the outstanding loans, and receive collateral as compensation.

To read more about Pools, visit our Developer Docs.