How to Borrow on dLEND
To start borrowing, you first need to supply an asset to be used as collateral.
- Select assets: Choose the asset you want to borrow.
- Enter borrow amount: Input the amount of the asset you wish to borrow and tick the box to confirm your acknowledgment of the risks involved.
- Confirm transaction: Review the transaction details, including the health factor after your borrow, and approve the transaction through your connected wallet. Confirm the transaction to borrow.
- Wait for confirmation: Wait for the transaction to be confirmed on the blockchain. This usually takes a few seconds.
- Transaction complete: Once confirmed, the asset will be available in the “Your borrows” section.
- Repay borrows: You can repay your borrows anytime you wish to.