> For the complete documentation index, see [llms.txt](https://docs.vena.finance/llms.txt). Markdown versions of documentation pages are available by appending `.md` to page URLs; this page is available as [Markdown](https://docs.vena.finance/for-users/borrow-assets.md).
# Borrow assets
Borrowing on Vena lets a user draw a loan against supplied collateral without selling it. The borrowed asset is credited to the wallet immediately and interest accrues in real time on the outstanding debt.
Only variable-rate borrowing is offered at launch.
## Borrow flow
1. Supply at least one asset and enable it as collateral. See [Supply assets](/for-users/supply-assets.md).
2. From the **Markets** view, click **Borrow** next to the asset to borrow.
3. Enter an amount, or use the 0–100% slider to pick a fraction of **Max Borrowable**. The **Transaction Overview** shows the projected Borrow APY and the resulting health factor (before → after).
4. Confirm the transaction.
The borrowed asset lands in the wallet. A debt balance appears on the dashboard and grows as interest accrues.
## Borrowing the same asset you supply
If a user supplies an asset and also borrows it in the same wallet, the netted portion of that position does not accrue $BLEND rewards. The supply side and borrow side cancel each other out for Merkl's accounting. Cross-asset positions — e.g., supplying sUSDnr while borrowing USDnr — are unaffected.
See [$BLEND incentives](/points-and-incentives/blend-incentives.md#same-asset-positions-dont-accrue-rewards) for detail.
## How reputation affects your rate
Vena reads the borrower's reputation signal from Fluent — Prints — at the point of borrow and adjusts the rate. A borrower with strong reputation sees a lower borrow rate than the pool's baseline for the same asset and utilisation. A borrower without tracked reputation sees the baseline rate.
See [Parameter reference](/asset-parameters/parameter-reference.md) for the Prints-to-rate-adjustment tiers per asset.
Reputation affects rate only. It does not change available credit, collateral required, or the liquidation threshold.
## Health factor
Opening a borrow reduces the health factor. The dapp shows the projected health factor before the transaction is submitted. A position with a higher health factor has more buffer against adverse price moves.
See [Manage your position](/for-users/manage-position.md) for monitoring and [Liquidations](/for-users/liquidations.md) for what happens if the health factor drops below 1.
## Repay
Outstanding debt can be repaid in full or in part at any time, in the borrowed asset.
1. From the dashboard, click **Repay** on the debt position.
2. Enter an amount (or **Max**) and confirm. If repaying with an asset that isn't already in the wallet, bridge or acquire it first.
Partial repayment reduces the debt balance and raises the health factor. Full repayment closes the debt position entirely and frees up the collateral that was backing it.
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