Beraborrow
  • Overview 🌄
    • What is Beraborrow?
    • How to use Beraborrow?
    • Key features
    • Leverage in Beraborrow
  • Borrowing 🤝
    • Dens
    • Understanding Collateral
      • Collateral Screening and Parameter Methodology
      • iBGT as collatoral
      • Kodiak Islands as Collateral
      • iBERA as collateral
      • bHONEY
      • ETH and BTC based Derivatives
    • Fees for Borrowers
    • Collateral Ratio and Liquidation
    • Recovery Mode
    • Flash Loans
  • NECT (Stablecoin) 🍯
    • What is Nectar ($NECT)?
    • Liquid Stability Pool (LSP)
    • Redemptions
      • $NECT Peg
    • sNECT Arbitrage Opportunities
  • POLLEN 🐝
    • What is POLLEN?
  • Boyco Incentives
  • Proof of Liquidity 🌊
    • Importance of Proof of Liquidity
    • How Beraborrow utilises Proof of Liquidity
  • AUDITS 🔒
    • Audits
  • Additional Resources 🔧
    • Contract Addresses
    • Brand Assets
    • Glossary
    • Official Links
  • 👥User Guides
    • Den Management
      • How to Open a Den
      • How to Close a Den
    • Liquid Stability Pool Management
      • Deposit NECT into the liquid stability pool.
      • Withdraw NECT from the liquid stability pool.
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  1. User Guides
  2. Den Management

How to Open a Den

PreviousDen ManagementNextHow to Close a Den

Last updated 9 days ago

  1. Go to the Borrow section of the Beraborrow dApp.

  1. In the deposit collateral section, select your collateral type from the drop-down.

  1. In the Deposit Collateral field type how much collateral you would like to deposit.

  1. In the NECT to be Minted field type the amount of NECT you wish to mint.

  1. Use the slider to adjust your Den ratio.

  1. Then click the “Approve and Borrow” button and sign transactions from your wallet.

You’ve successfully opened a Den position on Beraborrow! You can now utilise your unlocked liquidity in the form of NECT (Stablecoin) across the Berachain ecosystem while still benefiting from yield and price exposure on your collateral asset.

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