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  • BurgerSwap Intro
  • Products and Guides
    • 1. Connect a Wallet
      • Set Up and Use MetMask (Web) for BurgerSwap
      • Set Up and Use MathWallet (APP) for BurgerSwap
    • 2. Swap
      • Trade
        • Trade F&Q
      • Liquidity
        • Provide Liquidity to an Existing Pool
        • Add a New liquidity Pool
        • Liquidity Q&A
    • 3. Switch
      • Bridge
      • Add liquidity
      • Staking
    • 4. Labs
      • Burger Shack
        • How to mine USDT and xBURGER?
        • Burger Shack Q&A
      • xBurger Pool
      • Farms
      • Prediction
        • How to participate in the Prediction?
        • Prediction F&Q
      • Lending
        • Supply BURGER to the Pool
        • Borrow BURGER from the Pool
    • 5. Governance
      • Vote and Earn BURGER
      • Initiate a Governance Proposal
      • Governance Q&A
    • 6. Bridge
      • Bridge Q&A
    • 7. IFO
      • How to participate in an IFO?
      • IFO Q&A
    • 8. Info
  • Tokenomics
    • BURGER
    • xBURGER
  • F&Q
  • Business Partnerships
  • Audit
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  1. Products and Guides
  2. 4. Labs
  3. Lending

Borrow BURGER from the Pool

PreviousSupply BURGER to the PoolNext5. Governance

Last updated 4 years ago

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To borrow from the Pool, users would need to deposit tokens as collaterals. For example, user can deposit their $BURGER as collateral and use such credit to borrow USDT from the pool. In the example below, we will deposit $USDT into the pool as collateral to borrow $BURGER from the pool.

i. Click [Lending]-[Pool]-[BURGER] -[Borrow]-confirm the interest rate is acceptable and click [Collateralize]. You need to approve USDT access for BurgerSwap if you haven’t already done so.

ii. Enter the amount and Confirm the transaction in MetaMask.

iv. Click [Repay] on the borrowing page when you are ready to pay back. Enter the amount and Confirm the transaction in MetaMask.

iii. Click [Borrow] after collateralizing successfully, enter the amount and Confirm the transaction in MetaMask.