# Borrow

Before borrowing, you have to supply tokens to a pool (jump to [supply tokens section](https://texture.gitbook.io/texture/lend-supply)). Each token in the pool is called a *Reserve.* Supplied tokens could be used as collateral. After supplying tokens to a pool, follow these simple steps to borrow:

1. Navigate to Borrow section of the site
2. Choose the token you would like to borrow from the pool
3. Click the `Borrow` button

<figure><img src="https://1363182833-files.gitbook.io/~/files/v0/b/gitbook-x-prod.appspot.com/o/spaces%2F1s5jOaEsQPsV3OzVoScY%2Fuploads%2FS3GauLLuByTfFYFlXdgq%2Fimage.png?alt=media&#x26;token=64e53472-a3be-4530-b810-e16781e5a4ba" alt=""><figcaption></figcaption></figure>

4. Borrow the token
   1. Specify the amount you would like to borrow
   2. Review loan parameters, especially: the Loan-to-Value ratio (LTV) and the Interest Rate (APY) parameters of your loan
   3. Click `Borrow`&#x20;

{% hint style="info" %}
**LTV**

Max possible LTV of a loan you can take depends on (a) the value of collateral tokens and (b) the LTV parameters of each specific reserve. Higher LTV means your position faces bigger liquidation risk. Jump to [Liquidations and LTVs](https://texture.gitbook.io/texture/risks-ltvs-liquidations-and-more) section to learn more.

**APY**

The APY indicates how much interest you will pay per year for your loan. The APY is dynamic and moves upwards or downwards depending on the market conditions.
{% endhint %}

<figure><img src="https://1363182833-files.gitbook.io/~/files/v0/b/gitbook-x-prod.appspot.com/o/spaces%2F1s5jOaEsQPsV3OzVoScY%2Fuploads%2FGZGsPEsmLw8HpEfjQCFV%2Fimage.png?alt=media&#x26;token=197301bd-bd90-4127-bdee-97924b9a320f" alt=""><figcaption></figcaption></figure>

5. Navigate to My Positions tab to manage your position
   1. Monitor position statistics: Net Value, Net APY, LTV against the Liquidation LTV
   2. Borrow more of the same token to your position by clicking `Borrow` button
   3. Repay the loan by clicking `Repay`button
   4. Supply more collateral to decrease the LTV and liquidation risk of your position

<figure><img src="https://1363182833-files.gitbook.io/~/files/v0/b/gitbook-x-prod.appspot.com/o/spaces%2F1s5jOaEsQPsV3OzVoScY%2Fuploads%2FYUVEeopfnKrumuQxvRty%2Fimage.png?alt=media&#x26;token=fa2014a8-9b72-4f9f-825d-5b240d03942a" alt=""><figcaption></figcaption></figure>

#### How much can I borrow?

The amount you can borrow is defined by the *Max Borrow LTV* and the available liquidity parameters of the reserve you are borrowing tokens from. Jump to [Liquidations and LTVs](https://texture.gitbook.io/texture/risks-ltvs-liquidations-and-more) section to learn more.