How to borrow
Hashstack allows you to borrow up to 3 times the value of the collateral provided.
Let’s take a look at how we can borrow from the protocol -
- 1.On the Dashboard screen, you will see a Borrow button next to the assets of Hashstack’s primary market. Click on it.
- 2.Once the pop-up box appears, there, you can borrow the asset by providing collateral. Currently, Hashstack accepts the following as collateral:
The Borrowing APR (i.e., the interest you need to pay annually) will be visible at the bottom of the popup.
Borrowing has 2 commitment periods:
- None - for no MCP
- 1 month
- 3.Once you’ve entered the amount, click the Request Loan button.
- 4.You can check your loan status in the active loans section of the passbook. Here’s what it will look like: