Borrow
The Borrow page consists of a single feature: opening loans of STAB.
Last updated
The Borrow page consists of a single feature: opening loans of STAB.
Last updated
IMPORTANT NOTE: STAB is NOT a fixed-peg stable asset such as DAI, USDC or LUSD! Instead, its peg is variable, meaning it should not always trade at the same price. Its purpose is to provide RELATIVE stability. Read more about the why in the Interest Rate section.
Borrow STAB Borrowing STAB is done by providing collateral. First, select one [1], input the amount of collateral to use [2], and choose a collateralization ratio [3]. This ratio needs to be above the Minimum Collateralization Ratio (MCR, currently 150%), to ensure STAB always remains fully backed. Mind the warning shown [4] - a loan with collateralization ratio below the MCR is prone to being liquidated. Choose a ratio you're happy with, getting your loan liquidated comes with liquidation penalties! The amount of STAB corresponding to the chosen parameters, is then shown on the bottom of the widget [5]. Currently only XRD is allowed as collateral.
Protocol overview The state of the protocol is displayed on to give the user as much insight as possible.
