Open a loan

User Guide

1. Go to sendit.fun and connect your Solana-compatible wallet.

2. Choose the token you want to borrow against and click Take Loan.

We recommend using Verified Markets for most users.

1. In the Take Loan → Deposit Collateral tab, enter the amount of tokens to use as collateral. The interface will show:

   1. New Borrowing Power: Maximum SOL you can borrow with your collateral.

   2. Position Size Limit: Market-specific cap for individual users.

   3. Available Liquidity: How much SOL is left in the pool to borrow.

1. Switch to the Borrow SOL tab and enter the amount you want to borrow. The panel shows updated risk metrics:

   1. Old Liquidation Price: Before adding new debt (0 for fresh loans).

   2. New Liquidation Price: Updated liquidation price after borrowing.

   3. Loan-to-Value (LTV): Borrowed SOL vs. collateral value. The lower the LTV, the safer the loan.

1. Click Borrow to initiate the loan. Your borrowed SOL appears instantly, and the loan details are visible either in the a) underlying Market Detail Page or the b) Portfolio page.

   1. Market Detail Page

b. Portfolio

Important Information

• Collateral Management: You can add or withdraw collateral at any time. Adding lowers risk; withdrawing raises it.

• Repaying Debt: Repay partially or fully to reduce open debt and free collateral.

• Borrowing More: Taking additional loans increases leverage and risk.

• Liquidation Risk: If your LTV becomes too high, your collateral may be liquidated.