↪ 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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