Borrowing assets

ElaraLend allows users to borrow assets against their supplied collateral in both the Main Pool and Satellite Pools. This guide outlines the process and safety mechanisms involved in borrowing from each pool.

To help users avoid liquidation risks, Elara provides two safeguards:

• The "Safe Max" button allows users to borrow up to 80% of their borrow utilization.

• If users manually input their borrow amount, the system limits it to 95% of their borrow utilization.

Main pool operations:

The Main Pool offers a two-way lending market, allowing users to borrow and use assets as both collateral and loanable assets.

1. Access the market page: Log into ElaraLend and navigate to the Market Page.

2. Toggle borrow on: In the Market Page, toggle the Borrow option to view the available assets for borrowing.

1. Select the asset to borrow: Choose the asset you wish to borrow from available options such as ETH, WBTC, or USDC.

2. Click on borrow: Input the amount you wish to borrow. The system ensures your borrow amount remains within the available borrow limit.

1. Review the transaction: Confirm the borrow amount and review the current interest rates, which are dynamically adjusted based on market conditions.

2. Confirm the borrow: Approve the transaction in your connected wallet, and the borrowed assets will be transferred to your wallet.

Satellite pool operations:

In Satellite Pools, users can borrow WETH against their LST/LRT collateral once they have supplied their collateral asset. Here’s how to borrow from Satellite Pools:

1. Access the market page: Navigate to the Market Page on ElaraLend, select Satellite pool

2. Supply collateral: Select the LST/LRT asset you wish to supply as collateral in the Satellite Pool. Once you supply the collateral, it is automatically enabled for borrowing, and your borrow limit will be set.

3. Toggle borrow on: Toggle the Borrow option to display the available assets for borrowing in the Satellite Pool.

4. Borrow WETH: Select the amount of WETH you wish to borrow. As Satellite Pools are one-way markets, you can only borrow WETH against your LST/LRT collateral.

5. Review the transaction: Ensure the borrow amount remains within your available borrow limit. The system will automatically calculate your borrow capacity based on the collateral value.

6. Confirm the borrow: Approve the transaction in your connected wallet, and the borrowed WETH will be transferred to your account.