Nebula
  • 👉Nebula Testnet
    • Join Nebula Protocol Testnet
    • Testing Nebula Protocol
      • Supply
      • Withdraw
      • Borrowing
      • Repay
  • 👉Nebula Overview
    • Nebula Intro
      • What is Nebula ?
      • The problem
    • Competitive Advantages
      • Innovative Collateralization with DEX LP Tokens
      • Cross-Chain
      • Yield Tranching Mechanism
      • Lending Pools
      • Consensus and Oracle
      • Smart Contract
      • Decentralized Governance
      • Community-Driven Governance
    • Comparison with Competitors (Expanded)
  • ⭐Product Feature
    • User Roles
      • Suppliers
      • Borrowers
      • Governance Participants
      • Developers
    • Protocol Architecture
      • Core Components
      • EVM Compatibility with Enhanced Security
      • Cross-Chain Interoperability via Nibiru’s IBC
      • Advanced Oracle Integration
      • Security and Scalability
        • Security
    • Nebula Product
      • DEX LP Tokens as Collateral
      • Customizable Pool Creation
      • Enhanced Liquidity
      • Cross-Chain CDP Contracts
      • Yield Tranching
    • Use Cases
  • ⭐Tech Overview
    • Nebula Technology Overview
      • Validator-Based Oracle System
      • Consensus and Voting Mechanism
      • Risk Management and Security
        • Collateralization Requirements
        • Liquidation Mechanisms
        • Insurance Fund
        • Decentralized Oracles
        • Interest Rate Risk
        • Smart Contract Security
        • Market Risk
        • Governance Risk
        • Cross-Chain Risks
      • Rewards and Slashing Mechanism
      • Scalable and Resilient Design
      • Interest Rate Model
        • Types of Interest Rates
        • Interest Rate Adjustments
        • Benefits of the Model
        • Example Scenarios
        • Governance Control
        • Competitive Advantage
      • Governance
        • Governance Framework
        • Governance Token Utility
        • Governance Process
        • Key Governance Parameters
        • Governance Security
        • Governance Use Cases
        • Long-Term Decentralization
  • Token
    • Tokenomics
      • Token Utility
      • Revenue Model
      • Supply Dynamics
      • Incentive Alignment
    • Nebula Token Info
      • Token Utility
      • Token Distribution
  • GTM
    • Roadmap
    • Points System
    • Ambassador Program(TBD)
  • Appendix
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  2. Testing Nebula Protocol

Borrowing

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Last updated 5 months ago

Borrowing tokens from the Nebula Protocol allows participants to access liquidity against supplied collateral. Borrowers must maintain sufficient collateral to cover their borrowed amount; falling below the required level could lead to liquidation. Interest rates for borrowed tokens are dynamically set based on the borrow utilization rate and governance parameters, which can change through community decisions.

Steps to Borrow Tokens:

  1. Select Token to Borrow: Connect your wallet and go to the Dashboard, then find the Borrow Asset section. The Asset Pool table lists available tokens for borrowing, including their amounts and interest rates, which adjust with market conditions. For example, you might borrow 3.9989 $NIBI at a 3.46% APR.

Step 2 - Confirm Borrowing Enter the amount you wish to borrow and confirm the transaction in your wallet. Once confirmed, the borrowed tokens will be transferred to your wallet. Be aware that interest on the borrowed tokens begins to accrue immediately and is dynamically adjusted based on the borrow utilization rate.

Step 3 - View Borrow Status

By navigating to the ‘Portfolio’ tab on the navigation bar, you will be able to view and manage your current borrowing.

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