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.