Borrow & Repay

This guide will walk you through the process of providing collateral to borrow $HONEY, and repaying the loan to avoid liquidation.

Requirements

• Wallet with collateral (WETH, WBERA, WBTC, etc) listed on Berachain Bend
• Native $BERA to process transactions

TIP

If you do not have have any of the collateral listed, you can use Berachain Hub.

Supplying Collateral & Borrowing

This will walk you through the steps of interacting with Berachain Bend supplying $WBERA as collateral to take out a loan in $HONEY.

1. Visit Bend & Connect Wallet

Your first step is to go to Berachain Bend and connect your wallet.

2. Choose A Market

Choose a market that you can offer as collateral.

For this guide, we'll be using $WBERA.

3. Configure Borrow

1. Make sure to select Borrow,
2. Specify a $WBERA amount you'd like to deposit
3. Click Review to bring up a modal to confirm

4. Approve & Supply

1. Approve transfer of the $WBERA token to the market
2. Supply the $WBERA to the market as collateral

You should now see the successfully supplied collateral and total value in the market.

5. Borrow

1. Specify a $HONEY amount to borrow
2. Ensure that the borrow is below the LTV limit to avoid liquidation
3. Click Review to bring up a modal to confirm

6. Approve & Borrow

Approve the borrow of $HONEY.

You should now see the successfully borrowed $HONEY and its value reflected in the market.

Additionally, you can supply collateral and borrow in the same transaction by specifying amounts for both the $WBERA collateral and the desired $HONEY.

7. Avoid Liquidation

Monitor your position carefully to ensure it is not liquidated if your LTV exceeds the Liquidation Loan-To-Value (LLTV). You can also view when liquidation would occur if the price of $BERA were to fall to a certain level, which would make your position eligible for liquidation.

Repay & Withdraw

We will now cover the process of repaying your loan with $HONEY and withdrawing your collateral in $WBERA.

1. Configure Repay

1. Select the Repay section.
2. Specify the amount of $HONEY you wish to repay.
3. Specify the amount of $WBERA collateral you wish to withdraw.
4. Click Review to open a confirmation modal.

2. Confirm Repay

Confirm the repayment transaction.

You should now see the successful repayment showing a zero balance.

You have now successfully borrowed and repaid a $HONEY loan on Bend.