> ## Documentation Index
> Fetch the complete documentation index at: https://docs.lfg.rich/llms.txt
> Use this file to discover all available pages before exploring further.

# Borrow and Repay

> Borrow BNB against official LFG.RICH tokens.

Borrowing lets holders lock tokens as collateral and receive BNB based on the token's floor value.

<CardGroup cols={2}>
  <Card title="Floor-value collateral" icon="shield-halved">
    Borrowing power is based on protocol floor value, not temporary market spikes.
  </Card>

  <Card title="No ongoing interest" icon="clock">
    V5 borrowing has a fixed one-time fee and no recurring interest.
  </Card>

  <Card title="Repay anytime" icon="rotate-left">
    Partial repayment unlocks collateral proportionally. Full repayment unlocks the remaining collateral.
  </Card>

  <Card title="Borrow more" icon="arrow-up-right-dots">
    If the floor rises, existing locked collateral may support additional borrowing.
  </Card>
</CardGroup>

## Borrow

<Steps>
  <Step title="Open a token page">
    Use an official LFG.RICH token page so the app can resolve the correct `poolId`.
  </Step>

  <Step title="Choose Borrow">
    Open the borrow panel for that token.
  </Step>

  <Step title="Enter the collateral amount">
    Choose how many tokens to lock as collateral.
  </Step>

  <Step title="Approve the Hook if needed">
    Borrowing uses the Hook as the collateral spender, not the Swap Router.
  </Step>

  <Step title="Review BNB received, debt, and fee">
    Borrowing is based on floor value and applies the fixed V5 3% one-time borrow fee.
  </Step>

  <Step title="Confirm the borrow transaction">
    After confirmation, collateral is locked and BNB is sent to the borrower.
  </Step>
</Steps>

## Repay

<Steps>
  <Step title="Open the token page or portfolio borrow tab">
    Find the active borrow position you want to repay.
  </Step>

  <Step title="Choose Repay">
    Open the repayment action for that position.
  </Step>

  <Step title="Enter the BNB amount">
    You can repay partially or close the full debt.
  </Step>

  <Step title="Confirm the repayment">
    Collateral unlocks proportionally as debt is repaid.
  </Step>
</Steps>

Collateral is unlocked proportionally as debt is repaid. Full repayment returns all remaining locked tokens.

## Borrow More

If the token floor price rises, a borrow position may support more debt. In that case, **Borrow More** lets the user borrow additional BNB against the same locked collateral.

## Fee

Borrowing has a one-time 3% fee. There is no ongoing interest in the V5 rules described here.