The Borrower

Borrowers are users that take out a loan from a lending market against collateral that they have deposited - as such, borrowers are both lenders (unless using protected deposit) and borrowers in a lending market.

Borrow Page

The borrow page outlines key information for a borrower.

Available to Borrow

Available to Borrow refers to the amount of tokens a user may borrow based on their collateral deposited and that collateral's $maxLTV$.

This is given by:

$$AvailableToBorrow= ValueOfCollateral \times maxLTV$$

currentLTV

The $CurrentLTV$ is a comparison of the value of a user's collateral and loan positions.

This is given by:

$$CurrentLTV= \frac {Value_{Loan}}{Value_{Collateral}}$$

While this is not shown on the UI, it is proxied by Health Factor which also accounts for the collateral's Liquidation Threshold.

Health Factor

$HealthFactor$ is a ratio that indicates how close a position is to being liquidated - at a $HealthFactor$ of 0%, the position may be signalled for liquidation.

This is given by:

$$HealthFactor=1- \frac {CurrentLTV}{LiquidationThreshold}$$

Any factor that affects a user's currentLTV or the Liquidation Threshold will affect Health Factor, including:

• Changes in price of collateral token

• Changes in price of borrowed token

• Interest accrued

• Withdrawal of collateral

• Repayment of loan

Current APR

$APR$ is the annualized interest rate a borrower will pay for a specific token in that silo.

This value is dependent on utilization and the token's interest rate configuration.

Projected APR

Projected $APR$ is the expected $APR$ for specific token in that silo at current utilization rates. This figure will only be shown if $APR$ state is not stable.

APR State

$APR$ state for a token can either stable or unstable.

An unstable $APR$ state is where utilization exceeds the critical threshold, meaning interest rates will increase with a time-based multiplier even if utilization remains constant.

Max LTV

$MaxLTV$ is the maximum $CurrentLTV$ that a position can be .

$MaxLTV$ is specific for each token in a given silo.

Liquidation Threshold

The $LiquidationThreshold$ is the $CurrentLTV$ at which a user's position may be signalled for liquidation. Note thatn when $CurrentLTV$ is equal to $LiquidationThreshold$, the position's $HealthFactor$ will be equal to zero.

$LiquidationThreshold$ is specific for each token in a given silo.

Max Liquidation Fee

The $MaxLiquidationFee$ is the portion of a borrower's collateral that will be used to pay liquidators in the event of liquidation.

This is given by:

$$MaxLiquidationFee=1-LiquidationThreshold$$

Protocol Fee

$ProtocolFee$ is the portion of a borrower's interest that goes to SiloDAO.

Borrower Positions Tab

When a borrower successfully makes a deposit, this will become visible in their positions tab.

Borrowers can view their deposit and borrow position as well as some other key metrics.

Borrowing Power Used

$BorrowingPower$ used is a ratio of a borrower's $\frac {CurrentLTV}{MaxLTV}$.

Users may not borrow any more or withdraw collateral when $BorrowingPower$ is 100%.

Liquidation Price

A $LiquidationPrice$ is shown for both collateral and borrow tokens.

Assuming the price of the collateral token remains stable, liquidation price indicates the price loan token can reach before a position is liquidated (vice versa for the loan token).