↪ Borrow Rate
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"
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.
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.
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.
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.
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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