# Borrowing

{% hint style="info" %}
Pulse users can become Borrowers, if they have any popular cryptocurrency included in ERC20. The conditions for borrowing is to pledge assets.&#x20;
{% endhint %}

**To understand how this works, let's take an example.**&#x20;

The user is ready to become a Borrower and decides to make a deposit of 10,000$ in ETH, locking it for 90 days. The interest rate is 13% per annum (see the table of interest rates below). From the calculation, it turns out that the Borrower will receive 45% on collateralized assets. If the price of the token falls during the locking period, a situation may arise with the liquidation of the Borrower's assets. In this case, he is required to pay support. If this doesn’t happen, Pulse platform will pay Depositors its assets at the specified interest rate.&#x20;

> Table of interest rates for Borrower:&#x20;

| TIME     | APY | LOCKING TIME |
| -------- | --- | ------------ |
| 30 days  | 9%  | 30 days      |
| 60 days  | 11% | 60 days      |
| 90 days  | 13% | 90 days      |
| 180 days | 16% | 180 days     |
| 360 days | 19% | 360 days     |

