High Efficiency Mode (E-mode)

E-mode feature

E-mode (High Efficiency Mode) makes it easier to borrow money when the collateral (what you offer as security) and the borrowed assets (what you borrow) have prices that move together. For example, DAI, USDC, and USDT are all types of stablecoins that are pegged to USD. They are all grouped together in E-mode. So, if you put DAI as collateral in E-mode, you can borrow more of assets like USDC or USDT. E-mode only lets you borrow assets in the same group, like stablecoins. But you can still use other assets as collateral the usual way, with the standard loan-to-value (LTV) and liquidation rules.

Starting E-mode To start using E-mode, go to your dashboard and look for a menu that says “Your Borrows.” There, you'll find a button that says “Enable E-mode.” At first, this button will show that E-mode is off. Just click the button to turn it on and do what the instructions say. After that, you'll be able to borrow more within the E-mode group, like up to 97% LTV, but only from the same type of assets, like stablecoins.

Leaving E-mode If you want to stop using E-mode, go to the same place under “Your Borrows” and choose “Disable E-mode.” Follow the pop-up instructions to turn it off.

What E-mode Does for Your Borrowing Turning on E-mode boosts your borrowing capacity for assets in the same E-mode group.