Borrow review and risk

Use this page before opening or changing a Borrow position. Borrowing creates debt, and the position must keep enough risk-adjusted collateral to remain valid.

Pair and position details

Borrow and Multiply share the same pair details page. Use the Borrow and Multiply tabs at the top to switch between forms.

Review:

• Supply APY: displayed annualized rate for the collateral asset.
• Borrow APY: displayed annualized base interest cost for the debt asset; inspect any intrinsic-yield or reward-APR adjustments separately in the breakdown.
• Max ROE: app estimate for the configured pair. It is not a forecast.
• LLTV: liquidation loan-to-value ratio.
• Liquidity: available liquidity for borrowing.
• Oracle: price route used for the pair.
• Collateral and debt vault details: risk parameters, risk manager, exposure, utilization, caps, and related metadata.

Open the rate breakdown to distinguish the base lending or borrowing rate from any intrinsic APY and reward APR included in the displayed rate.

Figure 1: APY breakdown

After borrowing

Borrow positions appear under the Positions tab in Portfolio. Monitor:

• Health score and liquidation price where shown.
• Current LTV versus liquidation LTV.
• Collateral price, debt price, oracle updates, and rate changes.
• Borrow liquidity, withdrawal liquidity, and caps.
• Available actions such as repay, borrow more, add collateral, withdraw excess collateral, and swap-based actions where supported.

Liquidation risk

A standard EVK account can enter liquidation when, at raw onchain values, its risk-adjusted collateral is not greater than its liability. A displayed health score may be rounded.

To reduce risk, keep a buffer above liquidation, repay debt, add collateral, reduce leverage, or close the position before health falls too far.

For the liquidation process and monitoring guidance, read Portfolio and liquidation. See also Borrow assets and Liquidations.