# Borrow

Users can borrow against what they have supplied to the protocol and pay an interest for doing so. The supplied amount, used as collateral, must be higher than the amount borrowed in a proportion specific to each market. This is to account for fluctuations in the asset’s value. This proportion is called the loan-to-value (LTV), which expresses the percentage of the collateral amount that can be borrowed against.

Here’s how to borrow on Mystic:

* Head over to the pool or vault you are interested in borrowing from.
* Click “borrow” and enter the collateral you’d like to supply and the amount you’d like to borrow. You will see the APR you will be paying, as well as your total debt amount.
* After borrowing, you will receive in your wallet a token that represents your loan's debt, aka a "loan token". This token will be increasing over time, to reflect your accumulating interest.

Over time, your position will accumulate debt and its health will deteriorate. To best manage it, you have to repay parts of your debt over time, which can be done at any moment. Repayments include the principal amount borrowed plus the accrued interest. Once a position has been fully repaid, the respective collateral is unlocked and can be withdrawn.


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