Borrow

A collateralised debt position. You deposit collateral and mint a synthetic asset against it. Add or withdraw collateral, borrow more, or repay at any time. Repay it all and the collateral comes back.

A measure of your collateral buffer. Higher is safer, and repaying debt without withdrawing collateral improves that buffer. Each collateral asset has its own borrowing limits. Below one, anyone can liquidate the position: they repay debt and take collateral worth what they repaid plus a bonus. Liquidations in the docs

The rate above which your position can be redeemed. You pay the market rate up to the cap, and never less than the savings rate. If the market rate rises above your cap, someone can repay part of your debt and take collateral worth the repayment, adjusted by the market's redemption share. You keep the rest. Redemptions in the docs

It accrues continuously on your debt and is settled when you repay. Turn on BTN for interest in settings to pay part of it in BTN at a discount.

An extra buffer when borrowing or adjusting a position. It blocks changes that would leave the collateral buffer below your chosen minimum. Collateral limits still apply. It does not prevent liquidation or redemption.

Repay the full debt, interest included. The collateral returns in the same transaction.