# Flamingo Lend
This section describes the step-by-step process of taking out an FUSD loan. To learn more about the FUSD protocol and the terms outlined in this guide, please read the [Flamingo Stablecoin FUSD](https://flamingo-1.gitbook.io/user-guide/v/master/flamingo-stablecoin-fusd) overview.
**NOTE:** Numbers and figures in this tutorial represent testing data only and may not accurately represent current figures.
## Take out an FUSD loan
To take out an FUSD loan on Flamingo, you will need:
* A computer (Mac or PC) connected to the internet
* An internet browser (like [Google Chrome](https://www.google.com/chrome/downloads/))
* An installed [Neo wallet](https://neo.org/neogas#wallets) (in this guide we will be using the [Neon wallet](https://neon.coz.io/))
* A small amount of NEO N3 GAS tokens for making transactions with Flamingo
* Collateral assets such as FLUND, bNEO, and/or fWBTC
1\. If you haven't already, [set up a Neo wallet](https://flamingo-1.gitbook.io/user-guide/v/master/user-guides/how-to-set-up-a-neo-wallet).
2\. Go to [Flamingo.Finance](https://flamingo.finance/earn/overview) > **Lend.**
3\. Select **Connect Wallet** > **NEON**.
4\. There are several ways to connect your **NEON** wallet to the platform. You can either **Link your wallet**, **scan a QR code** or **copy and paste the connection URL** into the **add connection** page in your wallet. For this example, we have chosen **Link Wallet** with the **Deeplink connection**. The browser will ask you if you would like to accept Neon to make a connection. Select **Yes**.
5\. You are now prompted with the **NEON** wallet connection window. Select the **green checkmark**.
6\. Your wallet is now connected. Return to Flamingo and select Create New Loan.
7\. The Asset Actions tab will open to a **New Loan**. Select the **Loan Asset** (currently only FUSD is available). Then, select the **Collateral Asset** you would like to use as collateral to back your loan. For this example we have chosen bNEO. Select **Continue**.
8\. Enter the **Collateral Amount**. For this example we chose 20 bNEO to use as collateral. Then, enter the **Loan Amount** (the amount of FUSD you would like to be loaned) or use the slider to adjust the amount. For this example we chose a **Loan Amount** of 624 FUSD with a Loan-to-Value of 26.59%. Select **Continue**.
9\. You will be warned of the risks involved with taking out an FUSD loan. If you agree, select **Confirm**.
10\. Flamingo will wait for your transaction signature. If your wallet does not automatically open, go to it to accept the transaction.
11\. Select the **green checkmark** to confirm the transaction.
12\. Neon Wallet Connect will show your transaction pending. Return to Flamingo.
13\. Flamingo will confirm the successful transaction. Select **Close**.
That’s it! You have now successfully taken out an FUSD loan on Flamingo Finance. You can now take out more, repay your loan, remove your collateral, add more collateral, or take out a different loan with a new collateral asset.
## Repay an FUSD Loan
In this section we’ll walk you through how to repay an FUSD loan.
1\. Go to Flamingo.Finance > **Lend**. On the loan you want to repay, select **View Loan**.
2\. The **Asset Actions** tab will open to your **Loan Details**. Select **Repay Loan**.
3\. Enter your **Repay Amount**. In this example we will repay 300 FUSD. If you would like to repay your FUSD loan in full, check the **Repay loan in full** checkbox. Check the Loan details after repayment information and select **Repay Loan**.
4\. Flamingo will wait for your transaction signature. If your wallet does not automatically open, go to it to accept the transaction.
5\. Select the **green checkmark** to confirm the transaction.
6\. Neon Wallet Connect will show your transaction pending. Return to Flamingo.
7\. Flamingo will confirm the successful transaction. Select **Close**.
That’s it! On your **Loan Details** page you will now see your **Repaid** amount. In this example we successfully repaid 300 FUSD. You can now take out more FUSD, repay your loan, remove your collateral, add more collateral, or take out a different loan with a new collateral asset.
## Add and Remove Collateral to an FUSD Loan
In this section we’ll walk you through adding and removing collateral on an already-existing FUSD loan.
1\. Go to Flamingo.Finance > **Lend**. On the loan you want to repay, select **View Loan**.
2\. The **Asset Actions** tab will open to your **Loan Details**. Select **Remove Collateral** or **Add Collateral**. In this example we will add collateral.
3\. Enter the amount of collateral you want to add. Remember that you’ve selected a specific collateralized loan and you must add collateral of that asset. For this example we will add 5 bNEO to our collateral. Select **Add Collateral**.
4\. Flamingo will wait for your transaction signature. If your wallet does not automatically open, go to it to accept the transaction.
5\. Select the **green checkmark** to confirm the transaction.
6\. Neon Wallet Connect will show your transaction pending. Return to Flamingo.
7\. Flamingo will confirm the successful transaction. Select **Close**.
That’s it! On your **Loan Details** page you will now see your collateral added. In this example we successfully added 5 bNEO to our collateral. You can now take out more FUSD, repay your loan, remove your collateral, add more collateral, or take out a different loan with a new collateral asset.
