Borrowing Assets from the Red Bank

Step 1: Choose an Asset to Borrow
Once you have deposited assets in the protocol, you can now borrow assets against it.
Choose the asset you want to borrow under "MY BORROWINGS" section in RED BANK page, and then click on "Borrow". For this guide we are borrowing LUNA.
Step 2: Confirm Deposit Amount
Input the amount of assets you want to borrow and click on "Borrow" option. Then confirm the transaction on the extension wallet.
Note that the platform allows you to borrow a maximum of 75% of your deposited collateral.
Step 3: Borrow Confirmed!
You now have successfully borrowed assets from the Mars Protocol.
Learn more about borrowing assets through the Red Bank:
Guide to the Red Bank (Borrow/ Lend)
Medium

Tutorials - Previous

Depositing Assets in the Red Bank

Next - Tutorials

Leveraged Yield Farming in the Fields

Last modified 1mo ago

Copy link

Contents

Step 1: Choose an Asset to Borrow

Step 2: Confirm Deposit Amount

Step 3: Borrow Confirmed!