Borrowing Assets
A step-by-step guide to borrowing assets on the Fixed-Rate Lending Protocol
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A step-by-step guide to borrowing assets on the Fixed-Rate Lending Protocol
Last updated
Was this helpful?
A connected wallet with sufficient collateral deposited
Basic understanding of fixed-rate lending concepts
Access to the Secured Finance platform
Borrowing assets on Secured Finance's Fixed-Rate Lending Protocol allows you to access liquidity while maintaining exposure to your collateral assets. The protocol uses an orderbook system to match borrowers with lenders at fixed rates, providing certainty about your borrowing costs for the entire term.
Navigate to the
Click the "Connect Wallet" button in the top right corner
Select your wallet provider (MetaMask, WalletConnect, etc.)
Approve the connection request in your wallet
Before borrowing, you need to deposit collateral to secure your loan.
Go to the "Portfolio" tab
Click the "Deposit" button
Select the asset you want to deposit as collateral
Enter the amount and confirm the transaction
Wait for the transaction to be confirmed on the blockchain
Click on the "Trading" tab in the main navigation
Select the asset you want to borrow from the dropdown menu
Choose the maturity date that suits your needs
Select "Borrow" in the order type section
Choose between "Market Order" (immediate execution at current market price) or "Limit Order" (execution at your specified price)
For a Limit Order:
Set your desired interest rate (APR)
Enter the amount you want to borrow
For a Market Order:
Enter the amount you want to borrow
Review the current market rate
Click "Place Order" to submit your borrow request
Review the order details in the confirmation modal
Check the estimated gas fees
Click "Confirm" to proceed
Approve the transaction in your wallet
Wait for the transaction to be confirmed on the blockchain
After successfully borrowing assets:
Go to the "Portfolio" tab to view your active positions
Monitor your collateralization ratio to ensure it stays above the minimum requirement
Keep track of the maturity date to plan for repayment
Now that you've successfully borrowed assets, you might want to:
If your limit order isn't being executed:
Your specified interest rate may not be competitive with current market rates
There might be insufficient liquidity in the orderbook
Try adjusting your rate or switching to a market order for immediate execution
If you receive an "Insufficient Collateral" error:
Your collateral value may be too low for the amount you're trying to borrow
Deposit additional collateral or reduce your borrow amount
Check the current collateralization requirements for your selected asset
If your transaction is failing:
Ensure you have enough native tokens (ETH, MATIC, etc.) to cover gas fees
Check that you're not exceeding your borrowing capacity
Try refreshing the page and attempting the transaction again
to extend your loan term
to protect your collateral
