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PerpetualsTradingGetting $CASHBorrow $CASH By Opening a Trove

Borrow $CASH by opening a Trove

Once you have collateral in your StarKey Wallet, connect your wallet to Solido $CASH and follow these steps to open your Trove:

  • Navigate to the “Mint $CASH” section from the sidebar.

  • Enter the amount of tokens you wish to deposit as collateral.

  • The UI will display the maximum $CASH you can mint. Choose an amount within this limit (minimum mint: 20 $CASH).

  • Review the Trove details on the information panel. Note that:

    • A liquidation reserve of 2 $CASH is added to your debt. This is used to incentivize the liquidator and pay for gas fees. This is refundable to you upon closing your Trove.

    • A one-time borrowing fee is added to your total debt.

  • Click Open Trove and sign the transaction in your wallet.

  • Once the transaction is confirmed, you’ll be redirected to the Trove Dashboard, where you can monitor your position and Loan-to-Value (LTV) ratio.

Stake $CASH and get $CASHCollateral