📩Borrowing assets on Goledo
Note: Users need to supply assets to be used as collateral before borrowing.
Once you’ve connected MetaMask to Goledo, select the asset that you want to borrow (CFX / USDT / ETH / WBTC) and click Borrow.
2. Input the amount of the asset that you’d like to Borrow (in this case USDT) and click Continue.
3. Review the amount of the asset to be borrowed and then click Borrow USDT.
Note: If the health factor goes below 1, the liquidation of your collateral might be triggered.
4. Confirm all transaction details and click Confirm.
5. You have now successfully borrowed the asset on Goledo and this can be viewed on your dashboard.
Note: You can repay your borrowed assets whenever you wish by clicking on Repay on your dashboard:
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