HODL while expanding asset portfolio

If you want to HODL certain assets, do not want to sell them, while still having exposure to other assets, then you can deposit this HODL asset as collateral to mint Acala Dollar, and use Acala Dollar to buy other assets you may want exposure to

How to HODL while expanding asset portfolio:

  • Connect your wallet that has assets that you plan to use as collateral e.g. if you want to multiply DOT exposure, use a wallet that has DOT

  • Bridge the collateral assets to Acala or Karura network if they are not already on the respective networks (to bridge DOT ecosystem assets use this guide, to bridge KSM ecosystem assets use this guide)

  • Select a collateral asset type

  • Enter the amount of collateral you'd want to deposit

  • Enter the amount of Acala Dollar that you would like to borrow. Note the stability fee, required collateral ratio, min required to mint, liquidation price etc risk parameters are in line with your risk expectations

  • Then confirm the transaction, and expect Acala Dollar be in your wallet

  • Go to an exchange of your choice e.g. AcalaSwap

  • Swap Acala Dollar for the assets you want to have exposure to

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