MeltLabs Lending Protocol
  • Introduction to MeltLabs
  • Guides
    • Provide Liquidity
    • Deposit/Withdraw Collateral
    • Get a Loan
  • Protocol
    • Health Factor
    • Loan To Value
    • Liquidation
    • Risks
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  1. Guides

Get a Loan

PreviousDeposit/Withdraw CollateralNextHealth Factor

Last updated 3 years ago

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After depositing your collateral, you can borrow against it (take out a loan) based on how much it is valued.

Be careful with your loans, watch your Health Factor to avoid Liquidations.

Here's a quick tutorial on how to borrow:

Press the borrow button at the bottom center after depositing at least 1 NFT as collateral.

Borrowing USDC

Enter the amount you want to borrow, paying attention to the LTV and the health factor.

Borrowing USDC

Once finished you will be able to see how much you have borrowed and what your health factor is.

Borrowed USDC

To withdraw the collateral or avoid liquidation, you will have to press the repay button and repay the loan.

Enter the amount you want to repay and click on repay.

Now if you have repaid all the loan you can withdraw your NFT.

Repaying Loan
Repaying loan
Repaid the loan