Amply Finance
  • Introduction to Amply
    • What is Amply Finance?
    • Why Amply Finance?
    • How does Amply Finance Work?
  • Tokenomics
    • Tokenomics Details
    • preAMP Conversion Scheme
    • AMPLY Token Offering
  • Using Amply Finance
    • How to use Amply Finance
    • Supplying Tokens
    • Borrowing Assets
    • Repaying Loans
    • Withdrawing Assets
    • Claiming $AMPLY Rewards
    • Staking AMPLY
      • Withdrawing AMPLY
      • Upgrade AMPLY
      • Claim AMPLY rewards
    • Converting preAMP to AMPLY
    • Claiming vETH and vUSD Rewards
  • Efficiency Mode
    • Activating eMode
    • Using Collateral and Borrowing Tokens in eMode
    • Repaying Debt and Withdrawing Collateral in eMode
    • Deactivating eMode
  • Interest Rate Model
    • Borrow interest rate
    • Supply rate
  • Health Factor and Loan-to-Value Ratio (LTV)
  • Liquidations
    • Liquidation Simulator
  • Yield Opportunity
  • Yield Matrix
    • Using the Yield Matrix
  • Asset Listings and Risk Management
    • Asset Listing Criteria
    • Supported Assets and Parameters
  • Information
    • Smart Contract Addresses
    • Paymaster
    • Amply Finance Terminology
    • Contact Us
    • Brand Assets
    • Audits
    • Risk Disclosure
    • AMA Transcript
Powered by GitBook
On this page
  1. Using Amply Finance

Borrowing Assets

PreviousSupplying TokensNextRepaying Loans

Last updated 6 months ago

Amply Finance empowers you to unlock the full potential of your crypto assets by allowing you to borrow against your collateral. Here's a step-by-step guide:

  1. First, ensure that you have supplied a token as collateral. Refer to section for a step-by-step guide on how to supply an asset on Amply.

  2. Next, pull up the Supply/Borrow modal and click “Borrow Token”.

  1. Choose What to Borrow: Select the cryptocurrency you need from the available options.

  1. Enter Borrow Amount: Specify the amount of the chosen crypto asset you want to borrow.

  1. Confirm Borrow: Review details and finalize the transaction to receive the borrowed funds.

Important Considerations:

  • : Represents the health of your debt position. Your Health Factor decreases the more you borrow. The lowest you can go is to a Health Factor of 1.

  • : Remember to repay the borrowed amount plus interest to avoid liquidation.

By understanding these steps and considerations, you can effectively leverage Amply Finance to meet your financial needs.

this
Repayment
Health Factor