Borrowing
The intended borrow flow.
Flow
| Step | Action |
|---|---|
| 1 | Deposit vPILE as collateral |
| 2 | Protocol values collateral from Stockpile NAV |
| 3 | Draw debt up to the maximum LTV |
| 4 | Origination fee is charged and routed to the reserve engine |
| 5 | Collateral remains invested for the life of the loan |