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

# Getting Started as a Borrower

> Borrow at fixed rates with predictable costs

## Overview

Borrowers on Centuari lock in fixed borrowing rates, eliminating the volatility risk of variable-rate protocols. Know your exact costs from day one.

## Why Fixed-Rate Borrowing?

<CardGroup cols={2}>
  <Card title="Predictable Costs" icon="calculator">
    Know exact interest expense upfront
  </Card>

  <Card title="No Rate Spikes" icon="shield">
    Immune to market rate increases
  </Card>

  <Card title="Financial Planning" icon="chart-simple">
    Budget with certainty
  </Card>

  <Card title="Reduced Liquidation Risk" icon="heart-pulse">
    No surprise rate-driven liquidations
  </Card>
</CardGroup>

## Prerequisites

<CardGroup cols={2}>
  <Card title="Login Method" icon="user">
    Wallet, social login, or email (via Privy)
  </Card>

  <Card title="Collateral" icon="coins">
    Supported crypto or RWA assets
  </Card>
</CardGroup>

## Quick Start

<Steps>
  <Step title="Login">
    Visit [app-staging.centuari.finance](https://app-staging.centuari.finance) and login using any of these methods:

    * **Wallets**: MetaMask, Coinbase Wallet, WalletConnect, Rabby
    * **Social**: Google, Twitter/X, Discord
    * **Email**: Passwordless email login

    <Info>
      Centuari uses **Privy** for authentication, giving you flexible login options whether you prefer wallets or social accounts.
    </Info>
  </Step>

  <Step title="Deposit Collateral">
    Deposit supported assets as collateral:

    * **Crypto**: ETH, wBTC, USDC
    * **RWA**: Tokenized stocks, bonds, gold

    <Frame>
      <img src="https://mintlify.s3.us-west-1.amazonaws.com/centuari/assets/gifs/borrower-deposit-collateral.gif" alt="Depositing collateral" />
    </Frame>
  </Step>

  <Step title="See Borrowing Power">
    Dashboard shows how much you can borrow based on:

    * Collateral value
    * Asset LTV ratios
    * Current health factor
  </Step>

  <Step title="Choose Mode">
    <Tabs>
      <Tab title="Easy Mode">
        **Recommended for beginners**

        * One-click borrow
        * Rate optimized automatically
        * Auto-refinance enabled
      </Tab>

      <Tab title="Advanced Mode">
        **For experienced users**

        * Set exact rate you'll pay
        * Choose specific maturity
        * Configure auto features
      </Tab>
    </Tabs>
  </Step>

  <Step title="Enter Borrow Amount">
    Specify how much to borrow (within your limit)
  </Step>

  <Step title="Confirm">
    Review terms and confirm your order
  </Step>

  <Step title="Receive Funds">
    Borrowed stablecoins sent to your wallet

    <Frame>
      <img src="https://mintlify.s3.us-west-1.amazonaws.com/centuari/assets/gifs/borrower-receive-funds.gif" alt="Receiving borrowed funds" />
    </Frame>
  </Step>
</Steps>

## Understanding Your Position

### Key Metrics

| Metric           | Description                                     |
| ---------------- | ----------------------------------------------- |
| Borrowed Amount  | Principal you borrowed                          |
| Fixed Rate       | Your locked borrowing APY                       |
| Maturity         | When loan is due                                |
| Collateral Value | Current value of deposited collateral           |
| Health Factor    | Safety metric (>1 is safe, \<1 is liquidatable) |
| Accrued Interest | Interest owed so far                            |

### Health Factor

```
Health Factor = Collateral Value / (Borrowed × Liquidation Threshold)
```

<Warning>
  Keep health factor above 1.2 for safety margin. Below 1 = liquidation risk.
</Warning>

[See full liquidation guide](/user-guides/borrowers/liquidation).

## What Happens at Maturity?

<Tabs>
  <Tab title="Auto-Refinance ON">
    Loan automatically extends:

    1. Interest settled
    2. New loan created at best market rate
    3. Collateral remains locked
    4. Seamless continuation

    **Default in Easy Mode**
  </Tab>

  <Tab title="Auto-Refinance OFF">
    You must repay:

    1. Maturity arrives
    2. Repay principal + interest
    3. Receive collateral back

    If not repaid: Grace period, then liquidation
  </Tab>
</Tabs>

## Example: First Borrow

**Goal**: Borrow \$5,000 USDC using ETH as collateral

<Steps>
  <Step title="Deposit Collateral">
    * Deposit 3 ETH (worth \~\$7,500)
    * Borrowing power: \~\$5,625 (75% LTV)
  </Step>

  <Step title="Configure (Easy Mode)">
    * Click "Borrow"
    * Enter 5,000 USDC
    * Click "Borrow" (Easy Mode)
  </Step>

  <Step title="Review Terms">
    System shows:

    * Rate: 8.2% APY (fixed)
    * Maturity: June 1
    * Auto-refinance: Enabled
    * Interest at maturity: \~\$101
  </Step>

  <Step title="Confirm">
    Confirm your order
  </Step>

  <Step title="Position Active">
    * 5,000 USDC in your wallet
    * 3 ETH locked as collateral
    * Fixed 8.2% rate locked in
  </Step>
</Steps>

## Supported Collateral

| Asset | Max LTV | Liquidation Threshold |
| ----- | ------- | --------------------- |
| ETH   | 80%     | 85%                   |
| wBTC  | 75%     | 80%                   |
| USDC  | 90%     | 95%                   |

[See all collateral types and parameters](/user-guides/borrowers/collateral-types).

## Tips for New Borrowers

<AccordionGroup>
  <Accordion title="Don't max out your borrowing power" icon="gauge">
    Leave buffer for price drops. 50-70% utilization is safer than 90%+.
  </Accordion>

  <Accordion title="Monitor your health factor" icon="heart-pulse">
    Set alerts for when it drops below 1.3. Add collateral proactively.
  </Accordion>

  <Accordion title="Plan for maturity" icon="calendar">
    Know whether you'll repay or auto-refinance. Don't be caught off guard.
  </Accordion>

  <Accordion title="Consider fixed vs variable" icon="scale-balanced">
    Fixed rates may be higher than current variable, but you're protected from spikes.
  </Accordion>
</AccordionGroup>

## Next Steps

<CardGroup cols={2}>
  <Card title="Borrow Fixed" icon="hand-holding-dollar" href="./borrow-fixed">
    Deep dive into borrowing mechanics
  </Card>

  <Card title="Collateral Types" icon="coins" href="./collateral-types">
    Understand collateral options
  </Card>

  <Card title="Refinancing" icon="arrows-rotate" href="./refinancing">
    Learn about position management
  </Card>

  <Card title="Liquidation" icon="triangle-exclamation" href="./liquidation">
    Understand and avoid liquidation
  </Card>
</CardGroup>

## FAQs

<AccordionGroup>
  <Accordion title="What's the minimum borrow?">
    1 USD equivalent minimum.
  </Accordion>

  <Accordion title="Can I repay early?">
    Yes. Early repayment is allowed anytime with no penalty.
  </Accordion>

  <Accordion title="What if my collateral drops in value?">
    Health factor decreases. Add collateral or repay some loan to stay safe.
  </Accordion>

  <Accordion title="Are borrowing rates higher than variable?">
    Sometimes. You pay a premium for rate certainty. But you're protected from spikes that cause 80% of liquidations.
  </Accordion>
</AccordionGroup>

<Card title="Start Borrowing" icon="rocket" href="https://app-staging.centuari.finance">
  Launch the app and borrow at fixed rates
</Card>