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How to Borrow on Moonwell

Borrowing lets you access liquidity against your supplied assets.

Before You Borrow

First, supply assets and enable them as collateral. Your borrowing power depends on:

  • The assets you've supplied

  • How much you've supplied

  • The collateral factor for each asset

For example, if you supply $1,000 USDC with an 80% collateral factor, you can borrow up to $800 worth of other assets.

Steps to Borrow

  1. Go to the Borrow page.

  2. Select the asset you want to borrow.

  3. Enter the amount you want to borrow.

  4. Review the transaction details.

  5. Confirm the transaction in your wallet.

Key Points

  • You can borrow multiple assets at the same time.

  • Your borrowing power is based on your collateral and its collateral factors.

  • Keep your borrow usage well below 100% to avoid liquidation risk.

  • The lower your credit remaining percentage, the closer you are to liquidation.

What Happens Next

Once your borrow is confirmed, you'll see the borrowed amount in your account. Interest accrues immediately based on the market's current borrow rate. You can repay the loan at any time.

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