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

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 to avoid .

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.

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

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.

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

LTV
health factor
Health Factor
Liquidations
Borrowing USDC
Borrowing USDC
Borrowed USDC
Repaying Loan
Repaying loan
Repaid the loan