How can I borrow asset on Xpool?

Once you have collateral, you can take out a loan on Xpool.
Step 1: On the menu bar, click on the [Borrow] section
Step 2: Click on the currency you want to borrow and enter the amount you would like to borrow. The system will show you the health factor index of the loan.
Step 3: Choose either stable or variable APR for your loan and click [Continue].
Step 4: If this is your first time borrowing this token you'll need to perform two transactions. The first is to approve the token for borrowing and the second is to perform the actual transaction.
Step 5: Now you have borrowed successfully

What is the difference between stable and variable rate?

Stable rates go about as a fixed rate temporarily, however can be re-adjusted in the long haul because of changes in economic situations. The variable rate is the rate dependent on the offer and request in X-pool. The steady rate, as its name demonstrates, will stay pretty steady and its the most ideal alternative to arrange for how much premium you should pay. The variable rate will change throughout the time and could be the ideal rate contingent upon economic situations. You can switch between the steady and variable rate whenever through your dashboard.

Can I borrow using stable and variable rate at the same time for one asset?

The answer is NO. As you only can choose one method of interest payment. But fortunately, you can switch it so it will work for you to utilize your advantages.

I do not want my asset to be used as a collateral. What can I do?

After depositing your assets, you are able to unselect the asset so that it will not be used as collateral.
Step 1: The opt-out is available in the [Deposit] section within your dashboard.
Step 2: Simply switch the [use as collateral] button on the asset you would prefer to opt-out from being used as a collateral.

How much can I borrow?

The maximum amount you can borrow depends on the value you have deposited and the available liquidity. For example, you can’t borrow an asset if there is not enough liquidity or if your health factor doesn’t allow you to. In Xpool, you can borrow 70% -80% of collateral value.

What is healthy factor?

The health factor is the numeric representation of the safety of your collateral assets against the borrowed assets and its underlying value. The higher the worth of healthy factor is, the more secure the condition of your assets are against a liquidation situation. In the event that the health factor arrives at 1, the liquidation of your stores will be set off. The health factor relies upon the liquidation edge of your guarantee against the estimation of your acquired assets.

What happens when my health factor is decrease?

Depending on the value fluctuation of your deposits, the health factor will increase or decrease. If your health factor increases, it will improve your borrow position by making the liquidation threshold more unlikely to be reached. For the situation that the estimation of your collateralied resources against the acquired resources diminishes all things considered, the health factor is likewise decreased, making the danger of liquidation increment.