FAQs on borrow
Q. What tokens can I borrow?
You can borrow wBTC/wETH/USDC/USDT/DAI in Hashstack's primary markets, if enough reserves are available.
Q. Can I withdraw from the borrowed amount?
Yes, you can withdraw up to 70% of your collateral amount deducted from the borrowed amount. For instance, if you borrow $1000 of ETH by depositing $334 USDT, you can withdraw up to 70% of $334 (i.e., $234) into your wallet. And so, you are left with $766 ($1000 - $234) as in-platform trading capital. Note: you can only partially withdraw once for every borrowed process.
Q. How will I know that my borrow is nearing liquidation?
Hashstack will send you an in-app notification when your collateral value drops below a certain threshold. You can add more collateral to your borrowed assets and prevent it from entering the distressed category.
Q. Why am I not able to borrow more than 300 USDT?
The version of mainnet is deployed on Cairo 0.10 and is heavily restrictive in its capabilities so as to avoid congesting the Starknet network, or pass-on adverse liquidity risks onto you.
Here are the supply and borrow limitations:
Q. Why is there a 3 day timelock on withdrawing collateral in the 1 month MCP option when borrowing?
The withdrawal time-lock is triggered when you place a withdrawal request. The withdrawal time lock provides Open a buffer time to free any deployed liquidity and meet the withdrawal requests.
Note: Incase you choose the “none” option as MCP, you will immediately receive your collateral back once the borrowed amount is repaid.