Borrow Token
Follow this guide borrow tokens to get fresh capital.
Nusa V2 empowers you to borrow crypto assets instantly by using your existing tokens as collateral. Whether you need liquidity for trading, staking, or covering short-term expenses without selling your holdings. Our Borrowing feature offers competitive borrowing rates.
Follow this tutorial to borrow tokens on Nusa V2
Step-by-Step Guide:
Visit the Nusa Official Website and click Launch App
Click the Connect button to connect your wallet.
Hover the Trade menu and click Lend/Borrow
Choose which token you'd like to borrow. Enabled the collateral factor and then click the Borrow button.
Input how many tokens you'd like to borrow. You can click the Max button to supply all of your available tokens. Keep in mind that, higher the borrowing value higher the risk. You have to keep the health ratio in order not to get liquidated.
Now, click the Borrow button to initiate the process. Sign the transaction in your wallet and wait until the transaction is successful.
Congratulations, you've made your first borrow on Nusa Lending platform. You can use the borrowed token for your needs. Do not forget to check your health factor periodically. Maintaining a healthy limit prevents liquidation.
Next, if you'd like to get your principal back, you must repay your loan first by clicking the Borrow button again. After that, move to the Repay tab.
Input how many tokens you'd like to repay. You can click the Max button to repay all loan.
If this is your first time repaying a loan, you need to give Nusa's smart contract approval by clicking the "Approve" button. Then, sign the transaction in your wallet to proceed.
Now, click the Repay button to initiate the repay process. Sign the transaction in your wallet and wait until the transaction is successful.
Congratulations, you've successfully repay your loan. As you can see, your health factor is improving and the limit is increasing. From now on, you can follow this guide to withdraw your principal.
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