Borrowing on VNTR DAO
Borrowing assets
The borrowing service on VNTR DAO is designed to give users flexibility and liquidity without the need to liquidate their assets. Users can borrow any of the supported assets—wETH, USDC.e, wBTC, USDT, and ARB—by providing collateral in the form of other assets. This means users can leverage their current holdings to access a different asset for investment or other purposes, paying an APR of between 5% and 8%.
Steps to Borrow Assets:
Deposit Collateral: To initiate a loan, deposit an asset as collateral. The collateral asset can be any of the supported assets and must meet the required collateral-to-loan value ratio.
Choose a Loan Asset: Select the asset you wish to borrow. You can choose the same asset as your collateral or any other available asset.
Receive Funds: After agreeing to the loan terms, including APR and repayment period, you'll receive the borrowed asset.
The borrowing process is safeguarded by VNTR DAO's smart contract infrastructure, ensuring that all transactions are secure and transparent. As a borrower, you have the freedom to choose your loan terms within the platform's parameters.
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