- 1.Once you have determined which vault you would like to use from the “Markets” page, you will be taken to the “Borrow” page.
- 2.On the left-hand side, you will see a section called “Borrow”, and on the right side is “Overview”.
- 3.Under the Borrow section, you will see a menu for selecting collateral and a borrowing asset available for this vault.
- 4.Since Fuji’s V2 Himalaya is built natively cross-chain, you have the flexibility to determine which chain your collateral is deposited from, and which chain you would like to take your loan out to. This means you could have a DeFi transaction that involves up to 3 different chains!
- 5.Select how much of the collateral you would like to deposit, and how much debt you would like to take out against the collateral. Please make sure to note some of the data in the “Overview” section (mentioned above) before taking out your position.
- 6.On the left side of this menu is an “Overview”, which contains detailed information about the terms of the loan, the Loan-To-Value Liquidation Threshold (LTV), as well as the route of the loan (money market used and associated network). Keep a close eye on the LTV and choose a safe level either by following the dApp's recommendations or by yourself. The market can be volatile, so it’s always important to keep a safe buffer to prevent your position from being liquidated.
- 7.Once you are happy with how you have set up the position, you can move ahead by executing the transaction.
Also on the Borrow page is additional analytic data, including:
- 1.All of the Vaults available on a certain chain
- 2.The Analytics section displays information about the underlying protocols that the specific vault connects to. You can view both the borrow rates, as well as the lending (Supply) rates, for 7 Days, 30 Days, or 1 Year.