Mage Finance
  • 🧙‍♂️Welcome
    • Introduction to Mage
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  • 🪄mage protocol
    • Decentralized BTC Money Market
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    • User Guides
      • Bridge assets to Merlin Chain
      • Supply and Withdraw
      • Borrow and Repay
      • Manage Position Risks
      • Annual Percentage Yield (APY)
    • Protocol
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      • Liquidation
      • Interest Rate Model
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      • Risks
      • Security Measures
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  • Borrowing Assets
  • Repaying Loans
  1. mage protocol
  2. User Guides

Borrow and Repay

Borrowing Assets

Users can borrow assets on Mage by depositing collateral, which is automatically enabled for borrowing. The maximum borrowable amount is displayed as the “Available Borrow” under the “Dashboard” page. It's important to monitor the Borrow Utilization closely to avoid liquidation risks.

Repaying Loans

Repayments are made through the “Repay” option under “My Borrow” on the "Dashboard" page. Timely repayments help maintain a healthy account status and prevent potential liquidation.

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Last updated 1 year ago

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