Banker Joe is a permission-less lending protocol. Anyone may borrow tokens from Banker Joe so they can leverage their portfolio. To Borrow Tokens first you must Supply Tokens and Collateralize those Tokens. The below guide runs through the process of Collateralizing, Borrowing and Repaying.
Go to the My Portfolio page.
In the 'Account Assets' section, you will see a list of the tokens that you have deposited, and the balance and total value.
You can also find the collateral value. This is the amount that you can borrow tokens against the asset.
On the right side, there is a toggle to turn on collateralization.
Click the switch to turn on and enable your deposited tokens as collateral.
To disable collateral, just turn the toggle off.
Go to Lending Markets page
On the right side of the page, you can find list of tokens to Borrow, with information such as total Liquidity and deposit APY
Click on the Token you wish to borrow, this will bring up a more detailed page
Enter the number of tokens you wish to borrow
Click Approve (if required)
Click Borrow to borrow tokens from the market
Congratulations, you are now borrowing tokens from Banker Joe!
Borrowing Tokens is not free, everyday you will pay Interest on your position that you have borrowed. The 'Borrow APY' is a representative yearly figure that you will pay on your borrowed position.
You may withdraw your tokens any time, provided you have repaid any outstanding borrowed tokens
On the Lending page, click the Token you wish to withdraw.
On the Token Detail page that pops up, click Repay.
Enter the amount you wish to Repay.
Click Approve (if required).