How to borrow on Coin98 Isolated Pool
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.
Last modified 11mo ago