Limit Orders

With Tenor you can set borrow and lend limit orders to target a specific interest rate.

Borrow Limit

1. Head to home page of the Tenor app and select the Borrow tab.
2. Choose the token you want to borrow and the collateral asset you want to borrow against.
3. Set your preferred loan-to-value ratio (LTV).
4. Click the Limit button below the LTV slider.
5. Choose the term for your limit order.
6. Enter the desired APR.
7. Click Review Limit Order.
8. (Optional) Adjust the auto-renewal policy if needed.
9. Review your limit order details.
10. Confirm and sign the transaction in your wallet.

Once you open a limit order, you can monitor and manage it on the Portfolio page.

Lend Limit

1. Head to home page of the Tenor app and select the Lend tab.
2. Choose the token you want to lend and your desired collateral exposure.
3. Click Limit button below the LTV slider.
4. Choose the term for your limit order.
5. Enter the desired APR.
6. Click Review Limit Order.
7. Review your limit order details.
8. Confirm and sign the transaction in your wallet.

While your lend limit order is pending, you will earn the variable rate, mitigating opportunity cost until the order executes.