Borrowing

1. How do I borrow?

Before borrowing you need to get a Uniswap V3 position in Uniswap. After this, simply head to the "Borrow" section and click on “Borrow” for the asset you want to borrow and confirm your transaction.

2. How much can I borrow?

The maximum amount you can borrow depends on the value of your UNI-V3 position. In most cases, you can borrow up to 50% of the value of your UNI-V3 position.

3. How is the value of NFT measured?

Users must borrow the asset to complete collateralization. The Oracle quote price will be obtained before being collateralized by using the Uniswap V3 position as collateral to borrow USDC.

4.What asset do I need to repay?

You repay your loan on the same asset you borrowed. For example, if you borrow 1 ETH you will pay back 1 ETH + interest accrued.

5.How much would I pay in interest?

The interest rate you pay for borrowing assets depends on the borrowing rate. This is derived from the supply and demand ratio of the asset. Moreover, the interest rate changes constantly. You can find your current borrowing rate at any time in the ‘Borrowings’ section of your dashboard.

6.What is the liquidation factor?

The outstanding principal and interest value/collateral value = liquidation factor.

7.When do I need to pay back the loan?

You can pay back your loan any time prior to liquidation.

8.How do I pay back the loan?

Simply go to the “Borrow” section and click on “Repayment” for the loan you want to pay back and confirm your transaction.

9.How is NFT borrowing interest calculated?

There’s actually quite a big range in possible interest rates when using Themis.
That’s because the rates are determined by the utilization rate of the lending supply, which can change over time.
Initially, interest rates can be anywhere from 0% to 21.5% on launch.