> For the complete documentation index, see [llms.txt](https://docs.gage.cash/llms.txt). Markdown versions of documentation pages are available by appending `.md` to page URLs; this page is available as [Markdown](https://docs.gage.cash/borrow/list.md). # List your collateral The four-step borrow card, top to bottom, and what happens after you sign. See [Accepted collateral](/borrow/accepted-collateral.md) for the full list of supported tokens. Each token Borrow lends against has its own link, `gage.cash/borrow/` (`gage.cash/borrow/nvda`), which opens Borrow on that token; a ticker no admitted token has opens Borrow itself. Borrow shows the supported markets first; open a market and its sheet drafts a loan before a wallet connects. Once connected, a token lists through one card in four steps, named across its top: **1 Pledge, 2 Borrow, 3 Rate, 4 Review**. Every step starts filled in, so you can jump to any of them; **Next** moves on. Beside the card on a desktop, **How it works** follows the loan from top to bottom with this loan's figures: list it, it gets funded, collect the USDG, reclaim by the end date or keep the USDG. Listing places your collateral in escrow and offers the loan to partner vaults at your terms, for 24 hours. It does not send you USDG: that comes when partner vaults fund the loan, whole, in one transaction. The card opens on the **best loan**: the largest loan a partner vault funds whole now, at the model's suggested amount and cost, pledging only the tokens it needs. When no partner vault would fund one, it opens on your whole balance. A draft carried in from a market's sheet, or a cost you typed, is left alone. While the figures are worked out, G sits at his calculator over them. ## 1 · Pledge * **You pledge.** The token button opens your eligible stocks, memes and RH ECO tokens, sorted by value; under the rows, a row of market logos ("+n more") opens the supported markets. The field beside it takes a typed amount; **Max** brings back the whole balance, within the per-loan maximum. * **The fader.** Drag instead of typing. The track is hatched past the pledge a partner vault still funds whole now. * **The wallet line**: `Wallet 20 NVDA · 12.5 NVDA ≈ 2,280.00 USDG`. An amount over the balance, under the market's minimum or over the per-loan maximum is said here instead. * Nothing eligible in the wallet? The card becomes a guide to the supported tokens. ## 2 · Borrow **How much to borrow**: what lands, large, over a fader from Less to More of what the pledge can carry. Under it, the LTV, and **Use suggested** once you have moved away from the suggested amount. Beside it, **1×** opens **Leverage**: the loan buys more of the token and pledges it too, in one transaction. See [Leverage](/borrow/leverage.md). ## 3 · Rate * **Loan length.** 7 or 21 days, from funding. * **Fixed cost for 7 days.** Pre-filled with the model's suggested cost for this pledge, amount and term, as a percent for the term. Type your own; the line under the field then shows the suggestion beside it. When the model will not price this much of the token, it says *No suggested cost for this much NVDA. Pledge less, or enter your own.* A custom cost still lists. * **Loan grade.** A ladder of five letters, F to A: your cost against the model's suggested cost for the same loan (A at 100% or more, B from 90%, C from 75%, D from 50%, F below). Your loan's letter is outlined. Under each letter, how many partner vaults fund the loan at that letter's cost. Press a letter to set the cost to the middle of its range; A sets the suggestion itself. A letter no cost reaches on this loan is hatched. * **Offers.** Where partner vaults lending more than one asset fund your token, one row per asset, `A · 7 days · Get 182.00 USDG · 3 vaults`; a tap sets the card on that asset. A loan lent in GLD, NVDA or HIMS is repaid in that asset. ## 4 · Review * **The payoff curve.** Your loan on its end date, `NVDA on 2 Oct`: flat at **Keep** (walk away: you keep the USDG you received and the lenders keep the NVDA) up to a bend, then rising at **Pay** (the cap, to take the NVDA back). The bend is marked as a change from today's price. Only the price on the end date counts. Above the curve, [**No liquidation**](/start-here/no-liquidation.md) opens its sentence on a tap: nothing can touch your collateral before the end date; then you choose. * **The button** names what lands, the loan less the 1% origination fee. **Get X USDG** when a partner vault funds the whole loan now, usually within minutes of listing. Otherwise **List for X USDG**, with one line above it saying why no vault funds it now (no free USDG, not enough room, or the vaults that take this token are not funding) and that the loan is funded automatically when one does, within the 24 hours it is listed. When no partner vault accepts the terms at all, the button is the fix instead, one at a time: *Raise to 0.068%*, *Borrow up to 3,000.00 USDG*, *Choose 7 days* or *Choose another token*. * **Roll over by itself before it ends.** A box above the button. Ticked, the loan rolls over in its last hours into a new loan of the same size and term, up to four times, each roll costing at most the amount under **Pay at most**, fixed cost and fee together; it starts at twice today's cost. Not offered with leverage or in Private mode. See [Roll over](/borrow/the-decision.md#roll-over). * Under the button, the week's sGAGE estimate for the loan (`+ ≈ n sGAGE`), and **Details**: the loan, the fee and the fixed cost (`9.12 USDG · 0.50% for 7 days`). The first listing of a token asks for an approval first. A listing can receive zero rewards when the week's rates or budget do not allow an allocation. ## When the loan starts Partner vaults fund the whole loan in one transaction, inside the **24-hour window**: one or more vaults whose rules it meets, each taking one to four of its quarters. If any part cannot be funded, nothing is, and nothing starts. Until then you can cancel. Unfunded after 24 hours, the listing closes and you take your collateral back. See [Cancel a listing](/borrow/cancel.md). Once funded, the USDG waits in your loan: **Collect** it on the loan's page, or with **Collect all** on Portfolio. There is no reminder step at listing. Turn on [Telegram alerts](/borrow/reminders.md) from Portfolio or a loan's page. **Existing V1 listings** were funded by one lender at the asking price. V1 positions keep their rules, and the V1 market is exits-only. See [What V2 brings](/start-here/v2.md) for fees and cash-out. Recovering collateral always requires the full cap; funding in quarters does not permit partial repayment. ## Next * [The cap and the fixed cost](/borrow/cap-and-fixed-cost.md) * [The decision at expiry](/borrow/the-decision.md) * [Cancel a listing](/borrow/cancel.md) --- # Agent Instructions This documentation is published with GitBook. GitBook is the documentation platform designed so that both humans and AI agents can read, navigate, and reason over technical content effectively. Learn more at gitbook.com. ## Querying This Documentation If you need additional information that is not directly available in this page, you can query the documentation by asking a question. Perform an HTTP GET request on the following URL with the `ask` and `goal` query parameters: ``` GET https://docs.gage.cash/borrow/list.md?ask=&goal= ``` `ask` is the immediate question: it should be specific, self-contained, and written in natural language. `goal` is what the user is ultimately trying to achieve, the reason they need the answer. Sharing it helps GitBook give you a better, more relevant answer. A goal is most helpful when it describes the outcome the user wants rather than restating the question. For example, with `ask=how do I create an API token`, a goal like `automate deployments from our CI pipeline` lets GitBook tailor the answer to that use case. The response will contain a direct answer to the question and relevant excerpts and sources from the documentation. Use this mechanism when the answer is not explicitly present in the current page, you need clarification or additional context, or you want to retrieve related documentation sections.