Yield Protocol Rolling Over Borrowing Guide
Yield Protocol allows borrowers to lock in a fixed interest rate for a fixed term. When the term expires, vaults will start paying interest at a floating rate equal to the Compound borrowing rate. To lock in a new fixed rate, the vault needs to be rolled over to a new maturity series.
This guide will show you how to roll your vault over to a new maturity series to lock-in a new fixed rate of borrowing.
- Navigate to the vault with expiring series either by finding it in the Dashboard, or on the Borrow page.
2. Select the vault with the expiring series.
3. From the dropdown, select “Roll Debt”. You will now have the option to select a new maturity date. You can select that new maturity date from the dropdown.
4. Confirm new vault characteristics such as collateral posted, liquidation price, and the new maturity date. Clicking “Roll Debt” will launch a confirmation transaction. Once confirmed, your debt is successfully rolled, locking in a new fixed rate.
5. You can confirm your debt was rolled by going to the dashboard.
Further Resources:
Yield Docs — docs.yieldprotocol.com
Yield App — https://app.yieldprotocol.com/#/borrow
Yield Discord — discord.gg/JAFfDj5
