---
description: >-
  In this section we'll walk you through the step-by-step process of taking out
  an FUSD loan on Flamingo Lend. We’ll also walk you through repaying your loan
  and adding and removing collateral.
---

# 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).&#x20;

2\. Go to [Flamingo.Finance](https://flamingo.finance/earn/overview) > **Lend.**

<figure><img src="https://163720225-files.gitbook.io/~/files/v0/b/gitbook-x-prod.appspot.com/o/spaces%2F-MF51IxRGNnItCO-H_yy-887967055%2Fuploads%2FFmP54SuV0RK1Jg9CTs2n%2Fimage.png?alt=media&#x26;token=67167d1e-93d4-4c5e-81ea-abb464ff3009" alt=""><figcaption></figcaption></figure>

3\. Select **Connect Wallet** > **NEON**.

<figure><img src="https://lh5.googleusercontent.com/JVTjOaTeAtD8YIAlMSEpyinrZb7plGoeBA6B7dTEvXK6RNlYaE7IEG25SX8fJzSDkxZK4bvHfsaEZHBD0Cysf-8lve41dip73DAO6oFzfPx8Z_3aa88X4e8F_vW0ALLmd7k9u96CJG6-fNPSIeZbHM1r9H9sGRvk4CxIrPbtHKXWuy50jApteMNYEwTOgA" alt=""><figcaption></figcaption></figure>

![](https://lh4.googleusercontent.com/Gn7X2r-1AmVZne9-1IN3Yg6yuVzU6ELmEKhjSeUCkZslOfmXUsKm6IAiVFVv2FUlf71ltNvWKAMpyrN7cogagTgKJcJS4YXWY23PJgmcf1_I3ykpGO3qBzGAPdefLnZ6UgQ-0hMM)

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**.

![](https://lh3.googleusercontent.com/2gh9F7OuVBkoWjrC2lTYdUyydabO-YC3ENmi-x_J3mmsMjjHIwFf7UZsKLMxflz_jldcdwAd7aGWcvKSnovUVUdTJABnPTyBF2LuogduUfbWudUS0YOuc7uWmHK9Auq-Q3y3art8)

5\. You are now prompted with the **NEON** wallet connection window. Select the **green checkmark**.

![](https://lh6.googleusercontent.com/gIaEKj9M3vSuzxV_o2xvcMT_wmGqQd68BCN4atQ9WNZtVhUz2113HYM4Pxwwfw1jBS602QsnTLKcZasFoQkp8TwXsguU-JzzEOXD7kB-y3J__az2h2YGrjjDcqzEgDwmbRJsROSb)

6\. Your wallet is now connected. Return to Flamingo and select Create New Loan.

<figure><img src="https://lh5.googleusercontent.com/mhA3Ho6MK_8i7eRZuxNE2zr9DVsoONiQ399_UcfoIbahIptiLP4G67vtbgImGP42lIrWqSn79wyT93bXSRiNmcBVqDiD81eGOTiUiY5eb72JkNqfQckZ1kq5vEQ9O3R5S9Hr-y_WJ648j72PmRPxCBn20BNX1kh8dN5KTWCo-1gpBisXRLke6302As-SNQ" alt=""><figcaption></figcaption></figure>

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**.

<figure><img src="https://lh6.googleusercontent.com/T-7Cwsucc0NuYJkcdTRH9L_NH735xEzhsirjscgUXIIWbue2S5o0RlgWYoEZV2EHzqAoByg-dnx25IShfQ5tjyp55JvLd_DEPjzRBIiy7hIneYP5xC00rQsLwq1Ef9xJhLW4UAP5uXb7rEXS2xfmU9bSZV_v9Wt_5N1LJ_Q8NHWydW1D93hYmu6llCCMmg" alt=""><figcaption></figcaption></figure>

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**.

<figure><img src="https://lh6.googleusercontent.com/xH3NAkpd29FrTZjuu_ZqKXCxBpRVCpefYuGgmtJy9r14iLzA6vdCXuV0Aim4wcCIXf-1AYiwqUarfmF22vaKips7oJOhTKONhvarv9iWZlMffPyp36F4iiTnpwnypsn8uaHPOkPnmYQ31XFYLz9d2nNjcNffdvtpUn7qO1XO-lrzz3voScVITgcGIgBpaQ" alt=""><figcaption></figcaption></figure>

9\. You will be warned of the risks involved with taking out an FUSD loan. If you agree, select **Confirm**.

<figure><img src="https://lh3.googleusercontent.com/5z6CNoBRO_icLL4mqYWjLrSe-NHLiy99gVAtRrF85cUTxSwVCXl-EQDYUbiNpMWLi0lfvilagMWSZnKbJabmmZkbT8oBJ8gq-4C_kJ8jUSRzzgnaiqQPJkWji2y2vDetuwbmup3pWPk3b5VGiV3g6Oa2cnBPLLEEAUB4Ldpc5wewrEouX5Yi5N5-WPPLhw" alt=""><figcaption></figcaption></figure>

10\. Flamingo will wait for your transaction signature. If your wallet does not automatically open, go to it to accept the transaction.

<figure><img src="https://lh4.googleusercontent.com/uFuzlKiuSPaGkFwaXEkuZshXF1IWmdzBvIOojkpkeU2apR1T_YAcj9axKrV2_3T1q7rkEgJxGXonq2iWT8MW2sfapibIoHUZ5XfSX_uqQJ5cVFNzduCD7VYFu2Jy6fIUCo-ocFfEJN563rH3lCisK9cmR9yXLplJGsY-DBfwUx5ZoVCSpF4P0dbw3MRUJg" alt=""><figcaption></figcaption></figure>

11\. Select the **green checkmark** to confirm the transaction.

<figure><img src="https://lh6.googleusercontent.com/1lzck4EZRpvxh1YqnevM65CA32NBiexOKpxIP5HDFlO31WQDDSmo8p7cjCxun6d6Jc6pUrSFNhMjs_9Qjsv2VPN5mgUD-zUNCYmel5vbPZawkNe9TT7U1XZwZtKnWvf2iwnj6Ncy_Bv1jdq7flcWsjxlu6TOhia38QHb66euL49PnJXSS8xpidQn0WXXvA" alt=""><figcaption></figcaption></figure>

12\. Neon Wallet Connect will show your transaction pending. Return to Flamingo.

<figure><img src="https://lh6.googleusercontent.com/ED5gq8CJO6b4cuAwFBAzLC1ZO4x9zygsURXcx-pxnNmMJRELWpRgme9jn4SmrgozWLwDy_Vt4u6tnVcqikRBpM5s480IbT6bbfZ1HHjQ0u6vEtV_c6FX1KvAdXINBW2zaukGkq7XLgs3yzs_4NvxLtPUTQa5al0SFYZALZ9ZMBN6C1DVhyZN2InwS7ZTsA" alt=""><figcaption></figcaption></figure>

13\. Flamingo will confirm the successful transaction. Select **Close**.

<figure><img src="https://lh3.googleusercontent.com/jlJhtVTgql2sLKrDm4_tJpkHfifTUCl0osVJqmzpsYOZwkxrc_j8JYH22ZdCqKD-mzuU_zY3zJQ3Bp1KCgaz1YdtUU7acKLO-WWanjKZy-8ZixPEuETGNQx_5imPfRrnM2vlfgjcNTm5wXV5nTN9WS59VlEPF_Fd6VvMZcydpeX6lOrRqPSqPKyERqd5xg" alt=""><figcaption></figcaption></figure>

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.

<figure><img src="https://lh6.googleusercontent.com/ZcyYXb6pKY7bT7-5I50uRQZtsOPgpGniNGqHbsYcvwSqGUyylhj8IqBQhMxoNiOfahokdwHtkvddKeXv2pxDa7QY7sLRXtcNvcyeuXy_PIYWOir5r6Sk0UWcBrN6UUEbHzXRvViMrvRKyWg25zSJ1xYeKxsAE9Rr_-xooXwvOkjY5hXD6a9tzT1B78rOJQ" alt=""><figcaption></figcaption></figure>

<figure><img src="https://lh5.googleusercontent.com/ZmkSJFOwxDTv4HiPJhLnsHBXo2uC9RAIjJjYhcKscnb0TINazN7v9u7blOSv44kjBL8J4lh2HbE9qJlH-e7cVv5Jdk75LGIJk5vKlYlwQ3q-kLWICiMwNtU8jdIiaBRlkYJaZO3mkx8pRioCOu2V4KDupsPvC1Va9W9hjonPeiDEgKLXxBcAXKIeTnY02A" alt=""><figcaption></figcaption></figure>

## 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**.

<figure><img src="https://lh3.googleusercontent.com/Nzce-HGOYHTHVzbaIvp9FV2AAMXR19nz4bZTDDPDUKxPhi4KX5q025xK4mVZwtcGm9JlSS4l292cGoDFOFkLj6DWvp0WJ_BkuFxBkB2LIrH5bbQ0xt45b3t5ruo2BKis1APuZyytPJ8vxSjbrHoxWd6RdtGNORO7k-Zj2zyFv7GqJ7KBrrOWuriZrnfrHw" alt=""><figcaption></figcaption></figure>

2\. The **Asset Actions** tab will open to your **Loan Details**. Select **Repay Loan**.

<figure><img src="https://lh5.googleusercontent.com/E24Ig6LXq9Sa3aWa5Vw4ObYoRjFgUYKdaoOcZ28Mx0pUlJG6GtR_q_Bd1OeYMQjx87RcjgK77pWYaAix3qqpVLyJf-vrPRQdVfsqq7QKvT73IbvlXnQ4agB_rL4HJN08i0uy2itQsS2-X_thIQ6fxUfvJSDQHOfw0mZRJDWouswteFi8wcCBLaGmZrWmyA" alt=""><figcaption></figcaption></figure>

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**.

<figure><img src="https://lh5.googleusercontent.com/sPnmDxFwDv7RggdrAz0NfsuBORkWub5aDMacjLVx3UtL-Yvyil6Bf2zD5uKkkJNGcuU3GqugN4zuKBz5wxO2IT4XM3rt7VvFD9TVtJNCR8arxkxJrYtrTLUbjlRAo1j5e1-v72JshV4phCPDZT-_myFl4W8L6D5ACMsFZ0FQCsLmalKZmfruuh0Q_XBpRQ" alt=""><figcaption></figcaption></figure>

4\. Flamingo will wait for your transaction signature. If your wallet does not automatically open, go to it to accept the transaction.

<figure><img src="https://lh5.googleusercontent.com/0pbN-iSqpegaqWxrQIt2SzAfDfEdogLW2xhallwiP1SESNvpo4fzYkraNy8UaROjrZcj4EOzrPH2Cn4rT67wHjageuUinzFTmrXnIiT5eUntWKpTiKxGM0QfemFxnODogv7DQ-Gb6h4TDlTkLB5-HxA7PF48-uW1aMYzS0I4nXhQyGi-q0iFfzeZcAQWog" alt=""><figcaption></figcaption></figure>

5\. Select the **green checkmark** to confirm the transaction.

<figure><img src="https://lh6.googleusercontent.com/ii6AvqUla0-eqZdH6cn_2r-H_SMDQ3sjvTb7B-wxAgnAl3nVqQ-ZytKL6oi9ltU-PZPw0JLY1CRmQdgtud5yDyH9xzhjq55WSDjBah_ec9p91rIPJaQEru78hYtKZ1KkGlxLRW8G1n6pZk9BbuIKKnH7XNpYerV20FZQHJwjgn6vTj6EyDlKzp2gqqQMQQ" alt=""><figcaption></figcaption></figure>

6\. Neon Wallet Connect will show your transaction pending. Return to Flamingo.

<figure><img src="https://lh6.googleusercontent.com/HUAbpkwgsJ_3n-8De2Is0hQ7tQuxdxf3cVHOCf86eX3h5vOtsybxGF_UJy5wCPW7W4ONh1NWcw8r3j0CuIhWw-fz6U6ztmwPZmKMh7iBZ3SPSa9V4VK03rnhuPg0BGUgFWYHsYrpkUhT2y_n0U8aUlA9Rp0POK9UZowk_s738sVS6I1EuoczLpB8udNc_w" alt=""><figcaption></figcaption></figure>

7\. Flamingo will confirm the successful transaction. Select **Close**.

<figure><img src="https://lh3.googleusercontent.com/A3YSQOUpqRl6QZ8hA2LU8u3ZCpPltIlO5LB0lMnqXxMQEmGv8gOLIz1DSUBTBzJ3vLa7gBLGb-UOYMboMsvLmlEONBuHSiHZuE7nK8kBSCEnvcKOEUS7plIIV1-YQb2I0R2JL7os5qCghnhlwvBJcnDGnLBQrBb3x_oFMM2lAxNUT9PJ5-QmjZyxp_zCbQ" alt=""><figcaption></figcaption></figure>

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.

<figure><img src="https://lh3.googleusercontent.com/zJFFSzqyUzYn4-i7pyY16kjqvahJ0uIXQEkzaEn8BylacDieUMpCN96rbbjToXUBQPtL2BgzwqVorkCu8HN3Qw4qWXrDMQAsvZs64QMNt9_gaWGhd0W0k6LGsIZuG7naVxRFaNcrIcKpddu3FLhEjrQXqCEFc60HrTZJTCe1YoxUl0FYS1jWQ4Bg05UQMw" alt=""><figcaption></figcaption></figure>

## 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**.

<figure><img src="https://lh3.googleusercontent.com/mRYThH9K6MwqCvAPCSZAshnnSH-WBzKRj5v6AFysuinvhOijANLnYQHco_ZquaNU52NgUq63FanLXHMBeBHrWpHlifIw9QOyugzBFm4KACOsVDQAIcQizsNMg_QoRvnLsQhAxxq6zaLkd1ebwNZDFJ58jt_gmBbzjjh0F6lj2uSU1HC5lM_1YD6BQiv3cA" alt=""><figcaption></figcaption></figure>

2\. The **Asset Actions** tab will open to your **Loan Details**. Select **Remove Collateral** or **Add Collateral**. In this example we will add collateral.

<figure><img src="https://lh3.googleusercontent.com/8gHQrsETV4mqzD29HhPotGnjG7WrtlbMyuvuKVXZVULmvrpKSsibbKyrZvniQiF4H4cYEMFPJaR-b7c1uucwi032jpPnfrww0lc9WC_owIHahRXLqdj0UN4s_WdwniMW9p7MMhRgjWUszIZ31sv4Nk8vQqvC-06SFc_Xad18vutrwvJ-mTaMD8E2NMRFIg" alt=""><figcaption></figcaption></figure>

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**.

<figure><img src="https://lh5.googleusercontent.com/hLohdPTQEaUEew60kFi45eIX1LBe03hR731yQETGkdMF2IIP_uqRzWNtZckG1hqKWufmVbFDNaoLXA8RGIH8Ltde_YkiR1ma049S2YMPw3oAidNbEyP7mpr40yEYNkSPKeSPReNyg1EWPtixWfHavPnUS4_0Bq8yvPIxPkVpxGC-_7xTYkK9FStknIdrRA" alt=""><figcaption></figcaption></figure>

4\. Flamingo will wait for your transaction signature. If your wallet does not automatically open, go to it to accept the transaction.

<figure><img src="https://lh4.googleusercontent.com/unmw1C_OyQKXUi9jmWVhN386kX-xvmpr4d8Jn4HENxTZoGOn2iHQOqGqVS_kYIvx0fQnFkUxlNWt11RxIKYHq0A7OfTCMyQfRpU8l-vwz2d6jxwn4X-qYlsuRwSFrt_dVAdGUAh3HzX0b1Z_FdPQNU4OVQ2T6LQk6HVS5lQ2l1vLN54Ci_2LvpV8dB6jug" alt=""><figcaption></figcaption></figure>

5\. Select the **green checkmark** to confirm the transaction.

<figure><img src="https://lh5.googleusercontent.com/VMwouOq7ftwvEzIg_qC10Z6PDz68s7y1b6qCE-eHynBEE-7kHnPuKYYsYHQiz4OmJmF1-ex_LkBA10ObYgNsa72dyH20ci_kvctxwChB2RPJzHh4aFkoXiPFhkOU1TPMBKdzr6xFZ1b6pkXLOFdqXhZ6a7MJLwh1RgFC4_iXYlRKdWOexxS3g_m4G-MetQ" alt=""><figcaption></figcaption></figure>

6\. Neon Wallet Connect will show your transaction pending. Return to Flamingo.

<figure><img src="https://lh3.googleusercontent.com/GiHouEjhFh-3kVWVayT9eM1hd-chWYW7zQAk0IwWqjqnECdf1XIUKJbWghVaYRP-sEorAfkDett_24L7xewOEB7SBP_rj9g5GK_4_3IapKweOIOB5ypQe__kHqQD58oZQBkee-zuS4BoXZ68H8nDlJcHFnbck9gmJFtYkUT3EbQrF4lPFybKfPMOqf_ncQ" alt=""><figcaption></figcaption></figure>

7\. Flamingo will confirm the successful transaction. Select **Close**.

<figure><img src="https://lh5.googleusercontent.com/BQKKHnpZBeFyRTsa9fYhUilKVBr_0GKspPjbyaPOexcso0G3CMihBxc8HCtwb8U2beRA_E4MozBpLRni4lP6iS6fil68i_KU2Trq0b3K_LfmtR__g6Cew6PsPlZ5an3-1FkmviKfso5IBvxqSjc9ouOFoDN7DrhjnFrDoQULB6uf-QXrQ7iVdaTuNmNS8Q" alt=""><figcaption></figcaption></figure>

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.

<figure><img src="https://lh3.googleusercontent.com/FRneJdX7rbywo7lHLthUbUNzoN4-F8WspQlc-cN2ISjqqt29pz6RyFIC0B8WjQYrvPCTqdVL25khhQ7CpjcyamooAuTI87eL5i72VUIS1zErdsA2km49RQQ5tdO5gSBjjrteSXQO9dj6TUV4Uaz17jaC1rCWU0n8Vd0VrYRekQyy_sTWW16YhwXNqK-wjg" alt=""><figcaption></figcaption></figure>
