How to Borrow
Learn how to borrow assets on Takara
About
You can borrow assets using your supplied assets as collateral.
Prerequisites
To borrow assets on Takara, follow these steps:
Supply Assets:
Deposit one or more supported assets into the protocol. These assets will act as collateral for taking out an over-collateralized loan. All available assets are listed in the Markets section.
Enable Collateral:
Use the collateral toggle to specify whether an asset should be designated as collateral for borrowing.
To enable an asset as collateral, switch the collateral toggle ON. This signals that the asset can be used to secure a loan.
For example, if a user supplies USDT and wants to borrow against it, they must toggle “ON” for USDT as collateral. This action authorizes Takara to use the supplied USDT as collateral for borrowing.
If a user does not wish to borrow against an asset, they can leave the collateral toggle set to “OFF.” This ensures the asset is not used as collateral for loans.
How to Borrow
Step 1: Enable Asset as Collateral
Navigate to "Dashboard" or "Market".
Click "Supply" or 'Borrow" on the asset you would like to use as collateral to borrow.
Locate the "Collateral" toggle below the Supply/Borrow modal, and switch toggle "ON". This will enable the asset for use as collateral.
When the "Enable Market as Collateral" popup appears, click on the "Confirm" button and confirm the transaction in your wallet.
Step 2: Select Asset to Borrow
Navigate to "Market"。
Click "Borrow" on the asset you want to borrow.
Step 3: Completing Borrow Transaction
With the "Borrow" modal selected, enter the amount you would like to borrow.
Click "Borrow".
To complete the transaction, confirm it in your wallet and wait for execution. Once successful, the borrowed assets will be sent directly to your wallet.
Last updated
