Borrow Assets
Borrow stablecoins, ETH, or other enabled assets against the LP collateral you have already deposited.
Overview
After your LP is deposited and valued, you can borrow from the Hub using the capacity shown in the interface. Choose the asset and amount, confirm the transaction, and the borrowed tokens are sent to your wallet.
Interest accrues on open debt, so your health factor can change even if you do nothing. Leave a buffer below your maximum borrow rather than drawing the full amount.
Borrow Checks
Position and ownership checks
The spoke confirms your LP positions are still in the account, still approved, and still recognized as collateral.
Capacity check
The borrow amount must fit within your remaining borrowing capacity in that Borrow Spoke.
Hub liquidity and cap checks
The Hub must have enough of the requested asset available, and protocol caps must allow the borrow.
Post-borrow health check
Your account must stay above the liquidation threshold after the new debt is added.
Health Check
Before a borrow is approved, Avana checks that your account stays healthy after the new debt. Health factor is adjusted collateral value divided by outstanding debt. The adjusted collateral value already includes LP valuation, collateral factors, and recoverable-value discounts.
healthFactor = adjustedCollateralValue / outstandingDebtIf health falls below the liquidation boundary, the position becomes eligible for liquidation. See Health Factor for the full model.
Internal Accounting
Debt shares: new debt is recorded through a debt-share model so interest can accrue over time without rewriting the full account balance on every block.
Hub draw: the Borrow Spoke requests the asset from the Hub only after the spoke finishes the collateral, capacity, and health checks.
State update: the user receives the borrowed asset, and the spoke records the resulting debt state so future health checks, repayments, and liquidation logic all reference the same updated account.
Borrowable Assets
Each market shows which assets you can borrow — typically major stablecoins, GHO, ETH, BTC, and other liquid assets configured for that deployment. A supported LP collateral type does not unlock every borrow asset automatically; each debt asset is part of the market configuration.
Check the Avana interface on your target deployment for the live borrow list.
Borrowing Power
Borrowing power is the sum of your approved LP positions in one Borrow Spoke, after collateral factors and risk discounts. Each position contributes based on its own pool, range, liquidity, and risk settings.
The closer you borrow to your maximum, the less room you have for price moves or volatility. See Collateral Factors and Health Factor when sizing a borrow.