Skip to content
DocsLaunch App
Docs · Lend & Borrow

Documentation

Lend & Borrow

Put your tokens to work without selling them. Supply REISA to earn interest, or borrow REISA against the launched tokens you hold.

Every market is Reisa's own and stands on its own: one collateral token, with REISA as the loan token. Each market has its own price feed, built from the token's pools on the Reisa DEX.

Supply REISA and earn#

  1. Open Lend and pick a market from the Markets table.
  2. Choose Supply and enter an amount of REISA.
  3. Approve REISA the first time, then confirm.

Your REISA goes into the Reisa lending vault, which lends it across the markets. You earn interest every second, paid by borrowers. The Supply rate shows what lenders earn right now, and the app estimates your monthly amount before you confirm.

The rate follows demand: the more of a market is borrowed, the higher the rate lenders earn. Reisa keeps 5 % of the interest; lenders earn the rest.

Withdraw#

Your deposit shows under Your position on the Lend page and in Portfolio. Choose Withdraw, enter an amount and confirm: you receive your REISA and the interest it earned.

Borrow against your tokens#

  1. Open Lend and pick the market of a token you hold.
  2. Open Manage collateral, choose Add collateral, enter an amount and confirm.
  3. Open Borrow, enter the REISA you want and confirm. The app shows your new health factor and liquidation price before you sign.

You keep your exposure to your token and get REISA to trade, farm or provide liquidity. Your position shows what you borrowed, your collateral, its value and your health factor.

  • Repay any time, in part or in full, from the Repay tab.
  • Remove collateral from Manage collateral once your debt allows it, or after you repay.

Each market has a maximum loan-to-value, 38.5 % or 62.5 %, shown as LLTV. At 62.5 %, collateral worth $1,000 supports up to $625 of debt. To leave room for price moves, the app lets you borrow up to 90 % of that limit.

Health factor#

Your health factor compares your collateral's borrowing power with your debt. Above 1.00 your position is healthy, and the app shows how far you are from the line.

If your collateral's price falls and your health factor reaches 1.00, anyone can repay part of your debt and receive some of your collateral with a bonus: 15 % in 38.5 % markets, about 12.7 % in 62.5 % markets.

To stay healthy, add collateral or repay some debt when the price moves against you.

Fair prices#

Each token's price is an average over time of its pools on the Reisa DEX, weighted by their depth, so a single large trade barely moves it. The app refreshes a price for you before any action that needs a fresh one, and Refresh price does it on demand.

Markets#

The Markets table lists the markets with their collateral, borrow rate, supply rate and utilization. A market of a Reisa launch that uses Reisa's own price feed is marked Verified; any other market found through the search shows Unverified.

Open a market for a token#

Any launched token can get its own market once it has proven itself on the DEX. On the token's page, the Lend tab offers it when the token:

  • graduated at least 7 days ago;
  • holds at least $50,000 of liquidity across its pools;
  • trades close to its average price.
  1. Click Create the price feed (once per token).
  2. When the feed is live, click Open the market and confirm.

The new market then appears on the Lend page, ready for borrowers.