> For the complete documentation index, see [llms.txt](https://beraborrow.gitbook.io/docs/llms.txt). Markdown versions of documentation pages are available by appending `.md` to page URLs; this page is available as [Markdown](https://beraborrow.gitbook.io/docs/overview/use-case.md).

# Use Case

For instance, let's consider Bera, who owns `$iBGT` but also wants to purchase `$iRED`. \
Instead of selling `$iBGT` to purchase `$iRED`, Bera can use `$iBGT` as collateral on Beraborrow to borrow `$NECT`, and use it to acquire `iRED`.

Bera was able to maintain exposure to `$iBGT` whilst also being able to buy `$iRED` without the need to sell anything.

Here is a breakdown of the process:

1. Bera owns `$iBGT.`<br>

   <figure><img src="https://1570492309-files.gitbook.io/~/files/v0/b/gitbook-x-prod.appspot.com/o/spaces%2FffzDCMBDa391vIMqruBP%2Fuploads%2FOMbIJiAkJet18J7CVZk9%2FIMG_A008EFCF2DFE-1.jpeg?alt=media&amp;token=2343fa61-0926-4119-a10c-8fb8aed49b91" alt=""><figcaption><p>Bera with his $iBGT</p></figcaption></figure>

2. Bera opens a "Den" by depositing `$iBGT` as collateral into Beraborrow. Bera then receives Nectar (`$NECT)`

<figure><img src="https://1570492309-files.gitbook.io/~/files/v0/b/gitbook-x-prod.appspot.com/o/spaces%2FffzDCMBDa391vIMqruBP%2Fuploads%2Fq864akiCfyhjitLLpy9N%2FIMG_4BCE50832A64-1.jpeg?alt=media&amp;token=efe6c860-1415-4160-bef9-e5e8e015d3d8" alt=""><figcaption><p>Bera with his $NECT and iBGT in Beraborrow. </p></figcaption></figure>

3. Bera uses borrowed Nectar (`$NECT`) to purchase `$iRED`from the BEX.

<figure><img src="https://1570492309-files.gitbook.io/~/files/v0/b/gitbook-x-prod.appspot.com/o/spaces%2FffzDCMBDa391vIMqruBP%2Fuploads%2FhsbJJ9FfyZZNP36aHHyR%2FIMG_617CFB5284D6-1.jpeg?alt=media&amp;token=856f0254-9c56-4c41-899e-fd8715410a47" alt=""><figcaption><p>Bera at the BEX swapping $NECT for $iRED</p></figcaption></figure>
