Borrow
Last updated
Was this helpful?
Last updated
Was this helpful?
On Ooki, users can borrow funds against deposited collateral. The first step to start borrowing on Ooki is to visit the , and then select which asset you would like to borrow.
Once you've selected which assets to borrow, then click the borrow button and deposit collateral and choose the amount you would like to borrow.
Borrowers repay loans by visiting the "Your Loans" Tab. and click on the repay button for the asset you borrowed and want to repay. Select the amount to pay back and confirm the transaction.
Borrowing rates are dynamic and adjust in real time based on the current demand and supply for any given asset. Learn more about interest rates:
When opening a loan there is a 0.09% origination fee on the principle. Interest is also paid for the life of the loan. Learn more about Ooki Fees:
