Before borrowing, an asset must be deposited to be utilized as collateral.
After providing collateral, visit the Markets section to view the borrowing availability and yields.
Click on the asset you would like to borrow. On the Reserve Status & Configuration screen, click borrow.
In the image below, for example, there is $183.9 available to borrow (based on collateral deposited) against the supported assets.
Set the desired borrow amount based on your available collateral balance, and continue to confirm the transaction. Note that the more you elect to borrow, the greater the impact on your overall Health Factor (more on this below).
The maximum amount available to borrow depends on the value of the collateral deposited, as well as the available liquidity for the asset. You won't be able to borrow an asset if there is not enough liquidity or if your Health Factor is too low.
The Loan-to-Value (LTV) ratio represents the maximum borrowing power of specific collateral. For example, if collateral such as USDC has a maximum LTV of 80%, the user can borrow up to $0.80 worth of DAI in the principal currency for every $1 of DAI in collateral. This information can be found on any asset on the Markets page.