Borrow
Use an eligible Clovis Earn position as collateral to borrow USDC or USDT on Base or another enabled destination network.
Clovis Borrow offers different borrowing models depending on which markets are enabled in the app. Users can use eligible collateral assets shown in the app. An eligible Earn position can be one form of collateral.
The app shows the available markets, assets, networks, liquidity, rates, and risk information for the current action.
Before choosing a market: Single-collateral and Multi-collateral are different market models. Use the market details and risk information shown in the app.
Borrow Market Types
Single-collateral (Morpho)
One eligible collateral asset specified by the market supports one Borrow asset.
Each market is isolated. Review LTV, LLTV, and the market health information shown in the app.
Multi-collateral (Euler)
Up to three eligible collateral assets accepted by the market can support one Borrow asset.
Each Borrow asset has its own position, collateral, debt, and Health Factor.
Multi-collateral does not mean that all Borrow positions share the same collateral, and it is not an account-wide cross-margin model. Collateral in one position does not support another Borrow position.
Single-Collateral Markets
In a Single-collateral Market, one eligible collateral asset specified by the market supports one Borrow asset. Use LTV, LLTV, and the market health information shown in the app to assess risk.
Launch Markets
The table below lists the current Single-collateral Launch Market settings. It is not a complete list of every collateral asset Clovis may support.
When a transaction reaches or exceeds the Warning level, the Clovis app displays a risk warning. The user must review the warning and complete the risk acknowledgment before continuing. Reaching the Warning level does not trigger liquidation.
Max LTV is the highest ratio available when opening or adjusting a position. LLTV is the onchain liquidation threshold.
clocbBTC
USDC
77%
70%
51.3%
cloWETH
USDC
77%
70%
51.3%
cloUSDT
USDC
94.5%
85.9%
63%
cloUSDC
USDT
94.5%
85.9%
63%
The app presents the Borrow amount, debt, and Repay amount using the underlying asset label.
Multi-Collateral Markets
When the app shows a Multi-collateral Market, users can select one to three eligible collateral assets accepted by the market for one Borrow position and borrow one asset.
Each Borrow asset has its own position, collateral, debt, and Health Factor. Multi-collateral does not mean that all Borrow positions share the same collateral. Collateral in one position does not support another Borrow position.
Open a Borrow Position
Open Borrow and select a market and Borrow asset shown as available in the app.
Choose collateral:
Single-collateral Market: add the eligible collateral asset specified by that market.
Multi-collateral Market: add one to three eligible collateral assets accepted by that market.
Enter the Borrow amount. If the app offers a destination-network option, choose where to receive the borrowed asset.
Review available liquidity, Borrow Rate, and risk information:
Single-collateral Market: review LTV, LLTV, and market health information.
Multi-collateral Market: review Health Factor and the risk impact of each collateral asset.
Complete any required approval and wallet confirmation.
Collateral can come from an eligible Earn position or another supported asset shown in the app. If the app offers a flow that starts from the wallet, follow the displayed steps to complete any required deposit, conversion, or other preparation before using it as collateral.
Manage a Borrow Position
Add collateral: add eligible collateral to improve position health. A Single-collateral Market accepts only the collateral specified by that market. A Multi-collateral Market can accept up to three eligible collateral assets in one position.
Borrow more: increase the Borrow amount when available liquidity and the applicable risk limits allow it.
Withdraw collateral: withdraw collateral only if the remaining position still meets the market's risk requirements. Single-collateral Markets recalculate LTV. Multi-collateral Markets recalculate Health Factor.
Repay: repay part or all of the debt with the Borrow asset's underlying asset. A partial repayment reduces debt. A full repayment clears it.
Close: repay the remaining debt, then withdraw the released collateral.
Withdrawn collateral returns according to its asset type and the process shown in the app.
Health, Borrow Limits, and Liquidation Risk
Single-collateral Market: LTV is the current debt value divided by the collateral value. LLTV is the market's liquidation threshold. Price movement, interest, Vault share value, and oracle updates can change a position's LTV.
Multi-collateral Market: Health Factor is the primary risk indicator. The prices, Vault share values, oracle updates, and debt across all selected collateral affect the same position's Health Factor. A single liquidation price does not explain the risk of the entire position.
Liquidation: collateral can be liquidated when a position reaches the applicable market's liquidation threshold. Review the risk information shown in the app before opening or adjusting a position, borrowing more, or withdrawing collateral.
Continue to a Borrow Action
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