What is Borrow and Send?
Borrow and Send lets you access cash by borrowing USD against your supported collateral assets. Borrowed funds are converted to beatUSD and sent to your account, where you can immediately withdraw to your bank - no selling, no waiting.
Key benefits:
Keep your assets - borrow against them instead of selling
Instant access to cash - borrow and withdraw in one flow
Flexible collateral - borrow against all assets or a specific one
Variable interest - pay only for what you use
Direct to bank - funds flow straight to your connected bank account
Where to Access Borrow and Send
Location | How to access |
Card Spending tab | Click Quick Borrow next to "Change Mode", then select Send to my bank account |
Assets page | Click Quick Borrow in the main action buttons, then select Send to my bank account |
Supported Collateral
Asset | LTV | Liquidation Threshold | Liquidation Penalty |
UBTC | 50% | 62.5% | 12.68% |
UETH | 45% | 62.5% | 12.68% |
USOL | 45% | 62.5% | 12.68% |
wHYPE | 45% | 62.5% | 12.68% |
beHYPE | 45% | 62.5% | 12.68% |
USD+ | 75% | 91.5% | 2.62% |
XAUT (GOLD) | 40% | 62.5% | 12.68% |
LTVs and eligibility are subject to change. Always check the app for the latest parameters.
How Much Can You Borrow?
Your borrowing power is based on the value of your deposited collateral:
Borrow Limit = Collateral Value × LTV
Example: $10,000 of UBTC at 50% LTV = $5,000 borrow limit.
When borrowing, choose from:
All collaterals - borrows proportionally across all deposited assets
Specific collateral - borrows only against a single asset (e.g. UBTC)
The available amount depends on your selection:
All collaterals: total credit limit minus existing borrows
Specific collateral: the maximum borrowable for that individual market
How Interest Works
Rate: Variable APR, displayed in-app when selecting your collateral
Accrual: Starts immediately - there is no grace period
Compounding: Continuous on your outstanding balance
Example: Borrow $1,000 at 5% APR for one year → ~$1,051.27 owed with no repayments.
Tips to keep interest costs down:
Repay early to reduce total interest paid
Check your rate regularly - it's variable and can change
The Borrowing and Withdrawal Flow
Step 1: Enable Borrowing (first time only)
You'll be asked to authorize the borrowing service via a one-time on-chain transaction. This enables both Borrow to Trade and Borrow and Send.
Step 2: Add Collateral (if needed)
No collateral deposited yet? You'll be prompted to:
Enable Credit mode (if not already active)
Deposit eligible collateral
Step 3: Choose Your Destination
Select where the borrowed funds should go:
Fund my Trade account - deposits into your Trade account for leveraged trading
Send to my bank account - converts to beatUSD and initiates a bank withdrawal
Step 4: Select Collateral and Amount
Choose All collaterals or a specific asset
Enter the amount to borrow (in USD)
Review your borrow summary:
Borrow limit vs selected collateral
Remaining limit vs selected collateral
Step 5: Borrow and Send
Once confirmed, your collateral is borrowed and beatUSD is sent to your account. The borrow step completes within seconds.
Step 6: Withdraw to Your Bank
After the borrow succeeds, you'll be automatically taken to the withdrawal flow:
Select your connected bank account (or add a new one)
Confirm the withdrawal amount
Submit the withdrawal
Funds are sent to your bank account via the standard withdrawal process. Processing times depend on your bank and withdrawal method.
Repaying Your Debt
There are no minimum payments or billing cycles - you repay on your own schedule.
To repay:
Go to your account
Navigate to the repayment section
Choose your repayment amount
Important:
Repayments must come from your USD balance in your Liquid Bank account
You cannot repay by selling collateral - partial liquidations only occur if LTV thresholds are breached
Repaying early reduces total interest paid
Liquidation Risk
What triggers liquidation?
Liquidation becomes possible when:
Debt ÷ Collateral ≥ Liquidation Threshold (62.5%)
This can happen if your collateral value drops due to market movements, or if you borrowed close to your maximum limit.
What happens during liquidation?
Liquidation bots flag your position as under-collateralized
Liquidators repay part of your debt on your behalf
In return, they receive a portion of your collateral plus a liquidation bonus (12.68%)
Your account remains open after liquidation. Remaining assets continue as collateral and you can rebuild your position.
How to avoid liquidation
Don't borrow at your limit - leave a buffer below your maximum
Monitor collateral value - market drops reduce your borrowing capacity
Add collateral if your position becomes elevated
Repay debt to increase your safety margin
Liquidity Limits
Borrow and Send availability depends on protocol liquidity. If your requested amount exceeds what's currently available, you'll see a notification showing:
The currently available liquidity
An option to contact our team for larger requests
Frequently Asked Questions
Do I need to be in Credit mode to use Borrow and Send? You need collateral deposited. If you're not in Credit mode and have no collateral, you'll be prompted to enable Credit mode and make a deposit before proceeding.
Can I borrow against all my collaterals at once? Yes - select All collaterals to borrow proportionally across all your deposited assets.
What currency do I receive? Your borrowed funds are converted to beatUSD and sent to your account. You then withdraw beatUSD to your bank account in your local currency.
Is there a minimum borrow amount? There's no set minimum, but the amount should be practical for your withdrawal.
How quickly can I access my funds? The borrow completes within seconds. The bank withdrawal processing time depends on your bank and the withdrawal method selected.
Is the authorization the same as Borrow to Trade? Yes -0 the one-time borrowing authorization enables both Borrow to Trade and Borrow and Send. You only need to authorize once.
Can I borrow and send without withdrawing to my bank immediately? Yes - after the borrow completes, beatUSD is in your account. You can choose to withdraw to your bank at any time.