# 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.