Borrow
Borrowing on Tenor locks in a fixed rate for a fixed term. You can hold the position to maturity or exit early before then. You can borrow at the market rate, with a limit order, or through an OTC agreement.
Borrow at Market Rate
A market order fills immediately at the best available rate.
Go to the Markets page and select the market you want to borrow in. Make sure the Borrow tab is selected.
Enter the amount of collateral you want to deposit, or the amount you want to borrow.
Set your loan-to-value ratio (LTV), select an initial term, then make sure the Market tab is selected.
Click Review Order, then select your renewal policy. If you choose fixed-rate auto-renewal, you can set a maximum renewal rate for the fixed-rate renewal. Click Continue to review your order.
Review your order details, then confirm and sign the transaction in your wallet.
Once your position is initiated, you can monitor and manage it on the Portfolio page.
Borrow with a Limit Order
A limit order posts your target rate and waits for a counterparty to match it.
Go to the Markets page and select the market you want to borrow in. Make sure the Borrow tab is selected.
Enter the amount of collateral you want to deposit, or the amount you want to borrow.
Set your loan-to-value ratio (LTV), select a term, then select the Limit tab. Choose your target rate by clicking a tick in the order book or entering it in the Fixed APR field.
Click Review Order, then select your renewal policy. If you choose fixed-rate auto-renewal, you can set a maximum renewal rate for the fixed-rate renewal. Click Continue to review your order.
Review your order details, then confirm and sign the transaction in your wallet.
Your collateral stays in your wallet and is only deposited when your limit order is filled. Once you place your limit order, you can monitor and manage it on the Portfolio page.
Cancel a Limit Order
You can cancel a pending limit order at any time before it is filled, directly from the Portfolio page.
Go to the Portfolio page, where your positions are listed.
If your pending offer is collapsed, click View pending offer to expand it. If it is already expanded, the cancel button is visible.
Click Cancel to cancel your limit order.
Borrow through an OTC Agreement
See the OTC agreements guide for details.