If you are new to Kashi, it is recommended to start off with a small amount on a cheaper chain (Polygon, AVAX, Fantom etc.) so you can try out the process and make some mistakes initially. In this article, we will use Kashi on Polygon.
Step 1: Head over to the borrow section of Kashi. To access it from Sushi’s UI, click on the ‘Kashi’ → ‘Borrow’ buttons.
Step 2: Select the pair with the collateral you have and the asset you want to borrow.
In this example we will use USDC as collateral to borrow WMATIC.
Step 3: Once you’ve made your selection, you’ll be redirected to a new interface. ****Navigate to the ‘Borrow’ tab.
Choose where you want to deposit your funds from - Your ‘Wallet’ or ‘Bentobox’. Input the amount you want to deposit as collateral.
Choose where you want the borrowed funds to be deposited to - Your ‘Wallet’ or ‘Bentobox’. Input the amount of asset you would like to borrow.
When you’re done, click on the ‘Deposit and Borrow’ → ‘Confirm Borrow’ buttons to execute the transaction. If it’s your first time using Kashi or Bentobox, you’ll have to ’Approve’ it first.
Congratulations! Your newly borrowed asset should now either be in your wallet or Bentobox.
<aside> 💡 Make sure the ‘Leverage position’ button is turned off if you’re not planning on using leverage.
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<aside> 💡 Always keep the percentage under ‘Health’ below 100% (75% of your collateral value). This is very important if you don’t want to be liquidated.
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If you are new to Kashi, it is recommended to start off with a small amount on a cheaper chain (Polygon, AVAX, Fantom etc.) so you can try out the process and make some mistakes initially. In this article, we will use Kashi on Polygon.