This feature is coming soon
What is Borrow?
Borrow is a feature that allows ether.fi members to use their assets as collateral, earn rewards and optionally borrow against their portfolio. Using Borrow, you can take out a loan in assets like USDC or ETH. Loans are over-collateralized by your assets. Loans have no fixed repayment schedule, you repay whenever you like, and interest only accrues on what you actually borrow.
Do I need to do anything to start earning?
No. Lend and borrowing is on by default and your eligible assets are automatically available to borrow against. Deposits start earning shortly after they arrive.
Where does the interest come from?
Assets are supplied to a dedicated on-chain lending market managed by ether.fi. Borrowers pay interest to borrow from that market, and that interest is what suppliers earn. Rates are variable and set by market supply and demand.
Who holds my funds? Is this custodial?
All funds are non-custodial. The collateral and any loan belong to the user's own Vault (their smart contract account). Ether.fi manages the market parameters but never takes custody of member assets.
Which assets can I borrow?
Members can borrow multiple assets like USDC and ETH. The full list is visible on the Borrow page in the app.
Which of my assets earn and count as collateral?
Borrow-eligible balances held in the ether.fi account (stablecoins, weETH, Liquid vault tokens, and other supported assets), earn rewards and back the member's borrowing power. Each asset has its own LTV, so different assets contribute differently to how much the member can borrow. The "Collateral backing your loan" list in the app shows exactly what is backing a loan and at what LTV.