# ↪ Borrow Rate

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Set up alerts for specific borrow rate thresholds. You’ll be notified if the borrow rate for a tracked address reaches or exceeds the threshold you set.

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#### How to Use "Borrow Rate Alert"

1. **Access the Feature**:
   * Click on the **"Borrow Rate Alert"** button in the bot interface. A menu will appear, allowing you to set up a new alert or manage existing ones.
2. **Choose Your Action**:
   * Select **"Add Borrow Rate Alert"** if you want to set up a new alert.
   * Choose **"Manage Existing Alert"** if you need to edit or remove an existing one.
3. **Input Details**:
   * The bot will prompt you to enter the name, asset address, and the maximum borrow rate (APY) you want to monitor.
   * An example format will be shown for clarity: **JohnDoe 0x123...abc 15**. Here, the number "15" represents the maximum Annual Percentage Yield (APY) in percentage terms.
   * Enter your details in the correct format, ensuring that the APY threshold reflects your risk tolerance or interest in monitoring specific borrowing conditions.
4. **Confirmation**:
   * After you input the details, the bot will confirm that the borrow rate alert has been added.
   * You will receive notifications if the APY for the specified asset exceeds the set threshold, helping you manage your exposure to changing borrowing costs.
5. **Alert Functionality**:
   * Once configured, the bot will keep an eye on the borrow rate and notify you when it reaches or surpasses your specified limit (e.g., 15% APY), keeping you informed about important interest rate fluctuations.

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