# Borrower

Pledging your crypto assets to borrow USDT has never been simpler at TradingGPT. Assets accepted for collateral include TGPT, Bitcoin, ETH, BNB, LINK, ARB, and many other censored crypto assets.

<figure><img src="https://4187880329-files.gitbook.io/~/files/v0/b/gitbook-x-prod.appspot.com/o/spaces%2Fxe8pEEJiLymEufx07tjx%2Fuploads%2FsgiPnwMLWCirOdyU9WZL%2F1.png?alt=media&#x26;token=d680f9c7-b7a3-4ccb-9b1b-1d6057530821" alt=""><figcaption></figcaption></figure>

### Benefits of Borrowers&#x20;

* Borrow and pay off the loan at any time.&#x20;
* Flexibly liquidate part of your assets if you forget to pay loan interest.&#x20;
* Loan interest payment time is flexible; interest can be paid before the deadline.&#x20;
* Optimize loan utilization with liquidity mining.
* Collateral is secured on smart contracts.&#x20;

## How to start?

First, you need to have a TradingGPT account (if you don't have an account, contact the person who gave you this information and receive a referral link from them)

### Step 1

Log in to your account and select **Lending**

<figure><img src="https://4187880329-files.gitbook.io/~/files/v0/b/gitbook-x-prod.appspot.com/o/spaces%2Fxe8pEEJiLymEufx07tjx%2Fuploads%2FKNRIEh7T1mZyWBv90bry%2FScreenshot_2.png?alt=media&#x26;token=3abc17f3-cd9a-47e7-8a58-0d725f154537" alt="" width="256"><figcaption></figcaption></figure>

### Step 2

Select  <mark style="background-color:green;">**Register as a Borrower**</mark>&#x20;

<figure><img src="https://4187880329-files.gitbook.io/~/files/v0/b/gitbook-x-prod.appspot.com/o/spaces%2Fxe8pEEJiLymEufx07tjx%2Fuploads%2FL8igNBF8nLD4Nx8Kr1yr%2Fimage.png?alt=media&#x26;token=81407081-a2ac-4ea3-a902-fb1e6a7b1b03" alt="" width="257"><figcaption></figcaption></figure>

### Step 3

**Deposit** the amount of TGPT you want to mortgage to borrow USDT.

<figure><img src="https://4187880329-files.gitbook.io/~/files/v0/b/gitbook-x-prod.appspot.com/o/spaces%2Fxe8pEEJiLymEufx07tjx%2Fuploads%2F2BIm2gownQ4mxDYt3Bix%2Fimage.png?alt=media&#x26;token=cdf4c255-b4f1-4d39-ba6d-44142538d952" alt="" width="375"><figcaption></figcaption></figure>

### Step 4

After you have completed deposit TGPT. Select Loan list to find a suitable lender.

<figure><img src="https://4187880329-files.gitbook.io/~/files/v0/b/gitbook-x-prod.appspot.com/o/spaces%2Fxe8pEEJiLymEufx07tjx%2Fuploads%2FYjb2csgvbt9anM0VuQL9%2Fimage.png?alt=media&#x26;token=7dae9e88-bfd0-495e-8f8b-5bd8269cafa5" alt="" width="257"><figcaption></figcaption></figure>

### Step 5

Select **Borrow now** to start setting up your loan

<figure><img src="https://4187880329-files.gitbook.io/~/files/v0/b/gitbook-x-prod.appspot.com/o/spaces%2Fxe8pEEJiLymEufx07tjx%2Fuploads%2Fpe6FaNP4Nbw9M9zJwsFS%2Fimage.png?alt=media&#x26;token=9230bf2c-79c6-4bf6-a4be-9bb7340964d6" alt="" width="257"><figcaption></figcaption></figure>

### Step 6

Fill in the amount of USDT you want to borrow and the system will automatically calculate the amount of TGPT you need to mortgage.

<figure><img src="https://4187880329-files.gitbook.io/~/files/v0/b/gitbook-x-prod.appspot.com/o/spaces%2Fxe8pEEJiLymEufx07tjx%2Fuploads%2Fl86oJSejz7vZDmePTO8N%2FScreen%20Shot%202024-04-02%20at%2023.26.03.png?alt=media&#x26;token=08903b44-edea-4e38-aef1-beecd5fcede8" alt="" width="375"><figcaption></figcaption></figure>

After reading the information carefully. Especially the liquidation rate. Click **Borrow now** to start the loan.

### Step 7

Your borrowed USDT amount will be added to the **Loan Management** section.

Select **Withdraw** to withdraw this USDT to your personal wallet.

<figure><img src="https://4187880329-files.gitbook.io/~/files/v0/b/gitbook-x-prod.appspot.com/o/spaces%2Fxe8pEEJiLymEufx07tjx%2Fuploads%2FZQgFGNFoA7ydGWBc9936%2Fimage.png?alt=media&#x26;token=b26f87d6-1881-4032-bf90-34e0e7822b9a" alt="" width="287"><figcaption></figcaption></figure>

### Step 8

View list and manage your loans.

<figure><img src="https://4187880329-files.gitbook.io/~/files/v0/b/gitbook-x-prod.appspot.com/o/spaces%2Fxe8pEEJiLymEufx07tjx%2Fuploads%2FcEojADnggN89pibbaoAm%2Fimage.png?alt=media&#x26;token=013d73c8-bdb5-49fd-b804-5158cca40ef9" alt="" width="288"><figcaption></figcaption></figure>

Scroll to the right and you will see detailed information.

<figure><img src="https://4187880329-files.gitbook.io/~/files/v0/b/gitbook-x-prod.appspot.com/o/spaces%2Fxe8pEEJiLymEufx07tjx%2Fuploads%2FXGlFmeb1B704CUvKDFOd%2Fimage.png?alt=media&#x26;token=1a799e92-9c62-4376-b46f-90110319b953" alt="" width="289"><figcaption></figcaption></figure>

Pay attention to your interest payment deadline. You need to pay interest on time to avoid being penalized by the lender for late interest payment. Or you can choose to pay interest in advance to increase the time to pay interest for the next time.

<figure><img src="https://4187880329-files.gitbook.io/~/files/v0/b/gitbook-x-prod.appspot.com/o/spaces%2Fxe8pEEJiLymEufx07tjx%2Fuploads%2FyqoW8WfYtpOqDQg51EsU%2Fimage.png?alt=media&#x26;token=27ce8df3-94ac-4732-9b09-3ac9332a4a91" alt="" width="290"><figcaption></figcaption></figure>

### You have 2 options to pay interest

* Deposit USDT to pay interest&#x20;
* If you click Pay and your USDT balance is not enough, the smart contract will sell part of your collateral to pay interest.