POST /borrow

Borrow an Asset - /borrow

Route POST https://api.pods.finance/v1/borrow

Description This route is used to borrow a certain asset by providing collateral.

Request

Body The request should have the following parameters:

• amount: The amount of the asset to borrow (e.g., 100).

• asset: The type of asset to borrow (e.g., "DAI").

• collateral_type: The type of asset used as collateral (e.g., "ETH").

• collateral_amount: The amount of collateral to provide (e.g., 1).

• receiver_address: The address that the borrowed amount should be sent.

The amount and collateral_amount should contians the asset's decimals. (E.g: 1 USDC = 100000. 6 decimals)

Example

{
  "amount": 100,
  "asset": "DAI",
  "collateral_type": "ETH",
  "collateral_amount": 1,
  "receiver_address": "0x331..."
}

Responses

Success (200 OK) If the request is successful, the API will return a status code of 200 with the following response structure.

Example Response

{
  "status": "OK",
  "loan_id": "abc123",
  "destination_address": "0x332..."
}

The destination address will be the address that you should transfer the collateral_amount to