Borrow

How to borrow funds from a lending pool.

Borrow

borrow on the loan token contract may be used to borrow funds from the pool. It either draws more on an existing loan or opens a new position on the Sovryn Protocol. Note that the collateral has to differ from the borrowed token.

function borrow(bytes32 loanId, uint256 withdrawAmount, uint256 initialLoanDuration, uint256 collateralTokenSent, address collateralTokenAddress, address borrower, address receiver, bytes ) public payable nonReentrant globallyNonReentrant 
returns(uint256, uint256)

Arguments

Name	Type	Description
loanId	bytes32	The ID of the loan, 0 for a new loan.
withdrawAmount	uint256	The amount to be withdrawn (actually borrowed).
initialLoanDuration	uint256	The duration of the loan in seconds. If the loan is not paid back until then, it'll need to be rolled over.
collateralTokenSent	uint256	The amount of collateral tokens provided by the user. Needs to satisfy the minimum collateral ratio (150% for most tokens).
collateralTokenAddress	address	The address of the token to be used as collateral. Cannot be the loan token address.
borrower	address	The one paying for the collateral.
receiver	address	The one receiving the withdrawn amount.
loanId	bytes	The ID of the loan, 0 for a new loan.

Returns

New principal and new collateral added to loan.