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Borrowing & Lending
Powerful borrowing and lending capabilities, powered by Mango Markets.
- Deposit into your Mango Markets Account to automatically earn interest; interest is paid continuously to balances.
- Borrow against your collateral with a withdraw.
- Track interest earned/paid in Account History.
Mango Markets offers an approachable and powerful platform. Under the hood, the Mango Markets risk engine permits users to take out fully collateralised loans against any deposited assets, and deposits into you Mango Markets Account accrue interest every second.
First, ensure assets are deposited into your margin account for use as collateral. Then, simply click "Withdraw" under the Accounts tab or "Borrow" under the Borrow tab.
Under your account tab, scroll to balances.
Under your borrow tab, find all assets.
The UI will prompt you to select the asset that you wish to withdraw and borrow, and toggle "Borrow Funds" on.
Next, determine the amount you would like to withdraw. Remember, borrowing funds affects your collateral ratio and leverage calculation. If you would like to withdraw the maximum amount with collateral ratio above maintenance margin threshold, click "Max with borrow." An estimated leverage post-withdraw is displayed.
Click "Withdraw" and approve the transaction from your wallet to complete the process.
Interest is paid on your borrows continuously from your deposits. Please monitor interest rates as they recalculate based on pool utilisation.
To repay your loan, deposit or trade for the borrowed asset.
This comprehensive video tutorial created by CryptoData covers everything from creating and funding your Sollet wallet to trading and lending on Mango Markets exchange.
The Mango Markets team is committed to providing a fully decentralised, open source, leveraged trading platform capable of matching a centralised exchange feel with all the unique benefits of DeFi. We are excited to launch Mango Markets and continue bringing new leveraged trading products to life in decentralised form. Visit us at mango.markets to trade and lend.
Follow Mango Markets on Twitter and join the Discord for the latest updates.
Last modified 1yr ago