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. 1.
    On the Dashboard screen, you will see a Borrow button next to the assets of Hashstack’s primary market. Click on it.
  2. 2.
    Once the pop-up box appears, there, you can borrow the asset by providing collateral. Currently, Hashstack accepts the following as collateral:
    1. 1.
    2. 2.
    3. 3.
    4. 4.
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
  1. 3.
    Once you’ve entered the amount, click the Request Loan button.
  1. 4.
    You can check your loan status in the active loans section of the passbook. Here’s what it will look like: