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Borrowing & Repaying
Guides in this section are for future reference, lending features are currently only available on Ethereum.
After supplying assets as collateral, Umee users can borrow assets from the Umee market.

Prerequisites

Borrowing from the Umee Market
Repaying a Loan

Borrowing Assets from the Umee Market

Select the “Borrow” section on the left sidebar.
Choose which asset you would like to borrow from the Umee market.
For this example we will be borrowing native UMEE tokens.
In the pop-up, input the amount of tokens you’d like to borrow, select “Borrow” and confirm the transaction in your wallet.
To decrease your risk of liquidation, avoid using a large percentage of the borrow limit.
You have now borrowed an asset from the Umee market! Check out the Dashboard to monitor the health of your position to avoid being liquidated.
Borrowers can decrease their chances of liquidation by doing things like:

Repaying a Loan on Umee

Select which asset you’d like to repay within the “Borrow” section.
For this example we will be repaying an UMEE loan.
Select “Repay” at the top of the pop-up.
Input the amount of tokens you’d like to repay, click repay, and confirm the transaction in your wallet.
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