How to borrow on Coin98 Isolated Pool
Last updated
Last updated
After providing the amount of C98, I will be able to borrow other tokens from the C98 pool.
Step 1: Choose the asset you want to borrow. In this article, I will take C98 as an example.
Step 2: Enter the amount you want to borrow. Then carefully read the information below before deciding to trade:
Borrow limit: The maximum value of assets you can borrow.
Utilization: Represents how much of your borrow limit.
Borrow APY: The borrow interest rate you have to pay for the protocol.
Borrow fee: Borrow fee by this asset
Step 3: Click Borrow. The system will charge a very small network fee for this transaction, if you agree, click Approve.
Note:
You can check your assets in the Dashboard → Show account section. Please always pay attention to the Borrow limit and the Liquidation threshold to avoid your loan being liquidated.
Liquidation threshold is the maximum value of your borrow balance before your account will be eligible for liquidation. This is a costly event and should be avoided by lowering your borrow utilization.
Borrow utilization represents how much of your borrow limit is currently being borrowed. At 100%, you are no longer able to borrow.
To be able to withdraw assets from the pool, you need to repay your borrowing to make the Utilization rate low.
Step 1: Choose the asset you want to repay. In this article, I will take C98 as an example.
Step 2: Enter the amount you want to repay and click Repay. The system will charge a very small network fee for this transaction, if you agree, click Approve.
Step 1: Choose the asset you want to borrow. In this case, I will take C98 as an example.
Step 2: Enter the amount you want to borrow and click Borrow.
The system will charge a very small fee, if you agree, click Sign.
