# Borrowing

### How does it work? 

1. Deposit one of your eligible NFTs as collateral.
2. Select how much USDC you would like to borrow. Keep in mind the more you borrow, the higher your interest rate.\*
3. Repay your USDC loan anytime to withdraw your NFT collateral.

\*AnyLend’s loan APR is calculated using the Black Scholes Model, meaning your APR varies based on your Loan-to-Value ratio. Visit <https://docs.anylend.org/protocol/fees-apr> for information regarding interest rates on AnyLend.

## Why borrow?

* **Get additional liquidity without selling your NFTs.**

Deposit NFTs → Borrow USDC → Repay anytime to withdraw NFTs.

* **Additional Strategies**

Ignite new strategies from players using lending building blocks from AnyLend.

*E.g., Deposit zkApe → borrow USDC → buy zkApe → Deposit more zkApes → borrow more USDC → repeat until desired leverage is achieved.*