# Lending Market - how to borrow

### 1. Supply assets

### 2. Enable supplied asset(s) as collaterals

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* Each asset used as collateral increases your borrow limit.&#x20;
* Be careful, this can subject the asset to being seized in liquidation.
  * If you supplied NFT and enable as collateral, it will be P-Token instead of NFT being liquidated at first place -  P-Token will be acting as your buffer.
  * Please see [this doc](https://guide.pawnfi.com/loan/broken-reference) for more information on Liquidation.

### 3. Select the asset that you would like to borrow

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### 4. Enter the amount that you would like to borrow

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### 5. Approve -> Submit transaction

After confirming all the information, click \[Approve] button to approve the transaction. After approval, click \[Borrow] button to initiate transaction. Once completed, you will be seeing the borrowed assets under "Borrowing".

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