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Borrow and Repay $HONEY ​

Borrowing $HONEY requires you to have deposited crypto collateral. If you have not done so, follow the Deposit Collateral guide first.

How do I borrow? ​

Note: $HONEY cannot be used as collateral for borrowing.

Familiarize Yourself with the Dashboard ​

  1. Head to the dashboard and familiarize yourself with the "Borrow" section. Note information such as the $BGT earning APY, borrowing APY, etc. How To Borrow 1/4

Set Borrow ​

  1. Take note of the maximum amount of $HONEY you can borrow. How To Borrow 2/4

Confirm the amount of $HONEY to borrow, then click on Borrow. How To Borrow 3/4

Confirm Borrow ​

  1. Confirm the borrow transaction in your wallet.

How To Borrow 4/4

Borrow Completed ​

  1. After confirmation, the borrowed $HONEY will be available in your wallet balance.

How do I Repay? ​

Initiate Repayment ​

  1. To repay, navigate to the "Dashboard" section and scroll down to the "Borrow Honey" section. Click on RepayRepay_r1

Select Amount ​

  1. Select the amount to repay and click on Repay. Repay_r2

Confirm Repayment ​

  1. Confirm the transaction on your wallet. Repay_r3

  2. Wait for the transaction to get confirmed. Repay_r3

Repayment Complete ​

  1. The repayment should reflect on your dashboard. Check the amount borrowed as shown in the screenshot below.

    Note: For this guide, we repaid the entire loan taken hence it shows "0".Repay_r3