Fee
0.25%. It is added to the debt, so interest accrues on the full amount, not only on the coins you receive. The market’s own borrow rate is separate and shown before you sign.
Borrow
OW Borrow
Borrow against collateral you keep. On Ethereum and Base, you supply collateral and borrow against it. The position stays at your address. You can repay and take the collateral back. Each market shows its own borrow rate, its liquidation line, and the health of the position before you borrow.
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OW
ETH12.41.84Health
USDC18,420How it works
- 01
Pick a market: the collateral, and the asset you want to borrow.
- Health1.8402
Read the rate, the liquidation LTV, and what you will actually receive. OW’s fee is 0.25% on top of that amount.
- Liquidation1.8403
Sign. The debt and the collateral are both at your address.
Why OW
You borrow from the same wallet, with your own keys. OW does not custody the collateral, and the loan is not a balance OW can freeze.
Risk
If the collateral price falls, or the debt grows, and your LTV crosses that market’s liquidation line, the collateral can be sold to repay the debt. You may not get all of it back. The app shows the health of the position before you borrow.