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↪ Borrow Rate

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Last updated 6 months ago


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.


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.