Borrow ARTH

A step-by-step tutorial for Overcollateralized borrowing

Overcollateralized borrowing

Step-by-step instructions below👇:

Note: For a user to be able to borrow, they must make a deposit first.

Step 1: Connect your wallet to the Mahalend Application. Ensure you are connected to the Ethereum network.

Step 2: Deposit collateral.

Note: Once you make a deposit you will be only be able to borrow ARTH.

Step 3: Click on the 'borrow' button and enter the amount you want to borrow. The max borrowable amount will be based on your collateral.

NOTE: Make sure to keep an eye on your health factor. The details regarding the health factor will be displayed according to the amount you enter.

NOTE: There are two borrow APY's you can choose from while borrowing ARTH: Variable APY- Variable rate can increase and decrease depending on the amount of liquidity in the reserve. Stable APY- It will stay the same for the duration of your loan.

Step 4: You need to check the details and click on borrow followed by which you will get a wallet approval request to confirm the transaction.

Step 5: Once you have approved the transaction and get an update regarding the completion you can add the mToken to your wallet to track your supply balance.

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