How to Borrow Funds on Darico?

Step 1: Please log-in to your Darico account. 

Step 2: Click on Margin Wallet

Step 3: On the right corner of every margin wallet, you can see the option to loan funds from Darico. Click on the ‘Loan’ option for the preferred asset class. 

Step 4:  Choose between the crypto assets (in this case, HT or ETH) you want to loan. The maximum amount of loan you can borrow can not be more than the total amount of available funds in your Margin Wallet. The maximum amount of loan that can be borrowed can also be seen below (underlined in red). 

Step 5: For instance, if you transfer 10 HT from your Spot wallet to Margin wallet, the maximum amount of loan that can be taken by you will be 10 HT as that is your total Margin wallet balance. Once you enter the amount of funds you are willing to borrow, click on ‘Loans’ to confirm. 

Important Note: When the risk rate is ≤110%, the account will trigger a short position to return the borrowed funds.