> For the complete documentation index, see [llms.txt](https://docs.paddlefi.com/llms.txt). Markdown versions of documentation pages are available by appending `.md` to page URLs; this page is available as [Markdown](https://docs.paddlefi.com/user-guide/borrower.md). # Borrower ### **Step 1: Deposit Your Steady Teddys** Start by depositing your Steady Teddys NFTs into the **Steady Teddys / WBERA** pool. ### **Step 2: Check Your Borrow Limit** Your borrow limit is determined by: * **Collateral Factor** of Steady Teddys * **Current Price Index** (real-time floor price) This sets the maximum amount of WBERA you can borrow from the pool. ### **Step 3: Borrow from the Pool** You can borrow any amount up to your borrow limit. ### **Step 4: Interest Accrual** Interest on your loan is automatically added to your total debt. The interest rate is **dynamic**, based on the utilization rate of the pool (higher usage = higher rate). ### **Step 5: Flexible Repayments & Top-Ups** You can repay your debt or borrow more at any time, as long as your total debt stays within your borrow limit. ### **Step 6: Withdraw Collateral** You may withdraw your Teddy NFTs at any time, provided your remaining debt is still below your borrow limit. ### **Step 7: Claim $PADD Rewards** Once the claim function is live post-TGE, you can claim the $PADD rewards you've earned for borrowing. --- # Agent Instructions This documentation is published with GitBook. GitBook is the documentation platform designed so that both humans and AI agents can read, navigate, and reason over technical content effectively. Learn more at gitbook.com. ## Querying This Documentation If you need additional information that is not directly available in this page, you can query the documentation dynamically by asking a question. Perform an HTTP GET request on the current page URL with the `ask` query parameter, and the optional `goal` query parameter: ``` GET https://docs.paddlefi.com/user-guide/borrower.md?ask=&goal= ``` `ask` is the immediate question: it should be specific, self-contained, and written in natural language. `goal` is optional and describes the broader end goal you are ultimately trying to accomplish on behalf of the user. GitBook uses it to tailor the answer towards what is most useful for that goal. The response will contain a direct answer to the question and relevant excerpts and sources from the documentation. Use this mechanism when the answer is not explicitly present in the current page, you need clarification or additional context, or you want to retrieve related documentation sections.