How to Borrow?
Step by step guide on Borrowing from Banker Joe
Banker Joe is a permission-less lending protocol. Anyone may borrow tokens from Banker Joe. It is just like taking a loan out from a Bank.
Below guide runs through Borrowing, Repaying, and an FAQ section

Borrow Tokens

  1. 1.
    Go to Lending Markets page.
  2. 2.
    On the right side of the page, you can find list of tokens to Borrow, with information such as total Liquidity and deposit APY.
  3. 3.
    Click on the Token you wish to borrow, this will bring up a more detailed page for the Token.
  4. 4.
    Enter the number of tokens you wish to borrow.
  5. 5.
    Click Approve (if required).
  6. 6.
    Click Borrow to borrow tokens from the market.
  7. 7.
    Congratulations, you are now borrowing tokens from Banker Joe!
The Lending Market Page
The Token Detail Page

Repay

You may withdraw your tokens any time, provided you have repaid any outstanding borrowed tokens
  1. 1.
    On the Lending page, click the Token you wish to withdraw.
  2. 2.
    On the Token Detail page that pops up, click Repay.
  3. 3.
    Enter the amount you wish to Repay.
  4. 4.
    Click Approve (if required).
  5. 5.
    Click Confirm.
My Portfolio Page has a collated view of your current Lending and Borrowing activity. This will give you a cumulative position of your rewards so you can see the total interest that has been accrued for your Portfolio.

FAQ

How can I increase my borrow limit?

Borrow limit is based on your collateral value. You can increase your collateral value by depositing tokens, and then collateralizing them.

How do I pay interest?

Your interest amount is automatically calculated, and will be added to your borrowing balance. You can repay anytime.
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