Borrowing
This section demonstrates the Borrow & Repay flow of Bodh
Last updated
This section demonstrates the Borrow & Repay flow of Bodh
Last updated
A user may want exposure on their current asset appreciating (going long) while looking to enter another position with additional capital.
To borrow, enable supplied assets to be used as collateral
Click on the MARKETS tab on the menu and click on "Borrow"
Select the type of asset from the drop box menu in the "Borrow" dashboard
Enter the desired amount to borrow and click "Borrow"
Once the transaction is confirmed, the borrow is successful and it starts accruing payable interest
Enter the amount that you want to repay. Note: You can use Max if you want to fully repay your borrow (loan).