Best Practices when Using Colend
🔎 Track Key Metrics : Use the platform’s dashboard to monitor important metrics like your
Health Factor, supplied amounts, and borrowing activity
🎯 Choose the Right Pool for Your Goals : Whether you’re lending to earn interest or borrowing
to access funds, pick a pool with the best rates and enough liquidity to get the most out of
your assets.
🛡️ Stay Within Borrowing Limits : Avoid borrowing the maximum allowed by your collateral. Borrow a smaller amount to keep your loan safe from market changes.
By understanding Colend’s core mechanisms such as lending, borrowing, and the metrics
that drive them, you now have a solid foundation to navigate decentralized finance confidently.
If you have any questions or need further assistance, feel free to reach out to us on Telegram.
Our team and community are here to help you every step of the way.